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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.

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Panasonic and Mazda entering discussions on medium- to long-term partnership for automotive cylindrical Li-ion batteries

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and Mazda Motor Corporation agreed to enter into discussions on establishing a medium- to long-term partnership to meet demand for battery EVs and automotive batteries in a rapidly expanding market. Mazda had installed Panasonic batteries in its Demio EV, which the company had leased in Japan since 2012. Panasonic Energy Co.,

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Umicore announces equity investment in solid-state battery company Solid Power

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Following the announcement by solid-state battery company Solid Power that it will become a publicly listed company through a special purpose acquisition company (SPAC), materials technology company Umicore announced that it holds a stake in Solid Power’s pre-SPAC transaction. billion pro forma enterprise value.

Companies 207
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Volvo Car Corporation to Introduce Diesel Plug-in Hybrid in Europe in 2012

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Volvo Car Corporation is postponing its plans to produce a full hybrid based on a diesel engine and instead will introduce a series-produced plug-in diesel hybrid (PHEV) in Europe as early as 2012. A new company was founded, V2 Plug-in-Hybrid Vehicle Partnership, as a result of this initiative. Click to enlarge. Earlier post.)

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BASF to acquire enzyme company Verenium

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BASF’s US affiliate, BASF Corporation, has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of specialized enzyme company Verenium Corporation for US$4.00 Verenium generated sales of US$57 million in 2012. BASF will finance the transaction out of operating cash.

Companies 199
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Battelle-R&D Magazine forecast predicts 5.2% growth in 2012 global R&D spending to $1.4+T, largely driven by Asian economies; US companies and tech providers to boost energy R&D spending by 23.1% to $6.7B

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Source: 2012 Global R&D Funding Forecast. in 2012 to more than $1.4 billion in R&D in 2012, up 3.75% over 2011. billion in 2012, a decrease of 1.16%. Academia in the US will spend $12 billion on research in 2012, up 2.85% over last year. Non-profits will increase spending in 2012 by 2.7% Click to enlarge.

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Mazda RX-8 production to end summer 2012; company says rotary engine development will continue

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Mazda Motor Corporation has announced the Mazda RX-8 SPIRIT R, a special edition version of its four-door, four-seat rotary-engined sports car. Mazda will cease RX-8 production will end in June 2012 and SPIRIT R will be the final special edition model.

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