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

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Since 2017 Farasis has regularly ranked first in terms of shipments of NCM-based Li-ion pouch cells to the Chinese automotive market. At the same time, the company officially launched its European Manufacturing Center Project, and opened an office in Stuttgart, Germany staffed with business development, engineering and corporate personnel.

Li-ion 239
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WiTricity acquires Qualcomm Halo; unifying technology platforms for wireless EV charging

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Bringing the Qualcomm Halo technology into the WiTricity portfolio will simplify global interoperability and significantly accelerate commercialization. 2018 also saw the introduction of the world’s first vehicle that is factory equipped with wireless charging, the BMW 530e iPerformance sedan. —Alex Gruzen, CEO of WiTricity.

Las Vegas 278
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Dana showcasing electrified technologies at Auto Shanghai

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These e-axles are planned for launch in 2018. Chinese auto buyers purchased almost half of all the plug-in electric vehicles sold in the world last year, and Chinese officials have set ambitious goals for the further adoption of hybrid- and electric-powered vehicles in the decades ahead.

Auto 150
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Webasto starts EV battery production in Germany

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From the beginning of 2020 the company will manufacture its self-developed standard battery system for commercial vehicles there. With the commencement of our in-house battery production activities we are opening a completely new chapter in our almost 120-year corporate history. Entry into the Chinese market is in preparation.

Germany 223
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LanzaTech gas fermentation technology at core of €14.6M EU Steelanol project; 25K t/year demo plant

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LanzaTech’s gas fermentation technology ( earlier post ) is at the core of the new Horizon2020 Steelanol project (2015-2018), which seeks to produce bioethanol via an innovative gas fermentation process using exhaust gases emitted by the steel industry. million (US$16.3-million) Gases from steelmaking have been a major focus. Earlier post.).

Gas 150
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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

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has signed a non-binding letter of intent with South Korean-based CJ CheilJedang Corporation (CJCJ). Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. BioAmber Inc.

Asia 150
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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

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China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170