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3M Forms Strategic Relationship with Amperex Technologies for NMC Li-Ion Cathode Materials

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They have improved thermal stability and up to six times less cobalt for reduced price volatility when compared to the industry standard lithium cobalt oxide. million (total DOE/industry cost share: $ 2.28 Patents on the 3M composition have been issued in China, Taiwan and USA. Earlier post.)

Li-ion 150
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Prevail Electric Mobility to Increase Their Production Capacity

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Though in the automobile industry, an investment of 50 crores is considered to be small, it is a wise investment in this scenario. Currently, the company has a capacity of around 25000 and looking to top it with 15000 or more units per year to have a total capacity of 40000 units per year according to the company CEO Hemant Bhatt.