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Ilika completes US$19M equity placement to support solid-state battery commercialization

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million) in grant support from the UK Government’s Faraday Battery Challenge Fund, it has extended its product roadmap to develop large-format Goliath pouch cells. This equity placing will be used to purchase manufacturing equipment which Ilika will install in its selected fab for it to be operated on demand.

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LG Chem to establish new electrolyte production plant in Michigan

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LG Chem was awarded one of Michigan’s first-in-the-nation battery cell manufacturing credits, as well as a US Department of Energy grant of $151.4 SB LiMotive recently purchased Cobasys, a nickel metal hydride battery firm based in Orion. million to support its Michigan operations.

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