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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2.

Global 435
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Fuji Heavy Industries to change company name to Subaru Corporation

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the manufacturer of Subaru vehicles, will change its company name to Subaru Corporation with effect from 1 April 2017 (tentatively). For the fiscal year ending March 2017, Subaru projects its global vehicle sales to exceed one million units (1,050,000 units on a consolidated basis) for the first time in its history.

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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

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The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. In the fall of 2017 the first preparatory measures were initiated to transform the current divisions Cars and Vans, as well as Trucks and Buses, into legally independent entities.

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Albemarle and 6K sign joint development agreement to develop novel lithium battery materials; Albemarle to invest in 6K

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Thus, 6K’s UniMelt platform promises benefits for sustainable manufacturing. 6K’s UniMelt platform promises benefits for sustainable manufacturing. 6K’s UniMelt platform promises benefits for sustainable manufacturing. The UniMelt plasma technology opens new reaction pathways for lithium material innovation.

Batteries 243
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FMC accelerates battery-grade lithium hydroxide expansion following multi-year supply agreement with major manufacturer of EVs; path to 30K tonnes

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FMC Corporation will accelerate the expansion of its global lithium hydroxide production capacity as a result of a new multi-year supply agreement with a major manufacturer of electric vehicles. —Tom Schneberger, vice president and global business director, FMC Lithium.

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Mitsubishi introducing PHEV version of redesigned Eclipse Cross; 2nd MMC PHEV on market

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Mitsubishi Motors Corporation (MMC) released a first look at the redesigned Mitsubishi Eclipse Cross, the next step in the company’s commitment to delivering a showroom full of new and extensively redesigned vehicles in the United States by the second quarter of 2021. The Eclipse Cross will be the second Mitsubishi PHEV on the market.

PHEV 418