Green Car Congress

JUNE 1, 2021

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. The system stores sustainably generated electricity in used batteries that come from the all-electric SUV ŠKODA ENYAQ iV as well as the plug-in hybrid models SUPERB iV and OCTAVIA iV.

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Energy Storage Czech Republic Energy Battery 397

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes.

GM 195

GM Battery Batteries Companies 195

Green Car Congress

APRIL 28, 2021

Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. Ford’s new Battery Benchmarking and Test Laboratory in Allen Park, Mich., This 200,000 sq.-ft.

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Ford Global F-150 Battery 334

Green Car Congress

AUGUST 4, 2022

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. The amount is enough to power 430,000 electric vehicles (EVs) per year.

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Europe Battery Batteries Financing 210

Green Car Congress

APRIL 13, 2021

The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Battery Resourcers was founded in 2015 in Worcester, Mass.

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Li-ion Lithium Ion Manufacturer Battery 210

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

Industrial 243

Industrial Industry Global Lithium Ion 243

Green Car Congress

JUNE 17, 2020

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. Battery production is a rapidly advancing industry. billion of overall project costs.

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Poland Lithium Ion Battery Batteries 243

Green Car Congress

AUGUST 6, 2020

Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. —Paul Beach, president, Octillion Power Systems.

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Power Powered Battery Batteries 307

Green Car Congress

JUNE 23, 2017

Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. buy the bus, lease the battery. Proterra is responsible for the performance of the batteries through the life of the lease, removing operator risk.

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Financing Battery Batteries Utah 186

Green Car Congress

APRIL 3, 2021

Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022. How Prieto 3D batteries work.

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Li-ion Battery Batteries Lithium Ion 365

Green Car Congress

SEPTEMBER 1, 2021

The South Coast Air Quality Management District (South Coast AQMD) is leading a landmark effort along with the California Air Resources Board (CARB) and the California Energy Commission (CEC) to deploy 100 battery-electric regional haul and drayage trucks across California.

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California Los Angeles North America Battery 334

Green Car Congress

APRIL 27, 2022

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). —Cyrus Rustomji, Ph.D.,

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Lithium Ion Commercial Li-ion Battery 284

Green Car Congress

JUNE 22, 2023

billion to BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. Earlier post.)

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Ford Kentucky Tennessee Battery 150

Green Car Congress

OCTOBER 25, 2022

AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. One of the fundamental issues with today’s lithium-ion battery manufacturing process is the heavy carbon footprint, energy consumption, and cost from the solvent evaporation and recovery process needed for electrode fabrication.

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Lithium Ion Manufacturer Battery Batteries 150

Green Car Congress

OCTOBER 4, 2020

Soteria Battery Innovation Group (BIG) has exclusively licensed and optioned a technology developed by the Department of Energy’s Oak Ridge National Laboratory designed to eliminate thermal runaway in lithium ion batteries due to mechanical damage. The technology complements Soteria’s existing battery safety technology.

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Li-ion Lithium Ion Battery Batteries 286

Green Car Congress

NOVEMBER 5, 2021

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Financing Ford Clean Cleaning 170

Green Car Congress

MARCH 7, 2021

Finland represents an attractive low risk mining jurisdiction (top five jurisdiction in the Fraser Institute) and has developed a National Battery Strategy that outlines the objectives for the country to become a competitive, competent and sustainable player in the international battery industry.

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Finland Battery Batteries Financing 243

Green Car Congress

FEBRUARY 11, 2023

Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. battery cell manufacturers. battery cell manufacturers.

Lithium Ion 170

Lithium Ion Battery Batteries Nevada 170

CleanTechnica EVs

OCTOBER 2, 2023

Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.

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Zambia Climate Change Electric Vehicles Financing 133

CleanTechnica EVs

OCTOBER 6, 2023

The USA has effectively locked out Chinese batteries from its domestic market, but what if components like LFP cathodes are made in Morocco, in a factory financed by a Chinese–Korean partnership? Looks like there is more than one way to skin a cat. Sounds complicated, but it might just work, as Morocco has a free […]

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Morocco Financing USA Chinese 136

Green Car Congress

OCTOBER 25, 2022

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195

Vietnam Financing Climate Fleet 195

Green Car Congress

APRIL 5, 2023

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.

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Commercial Battery Batteries Porsche 199

Green Car Congress

JULY 1, 2023

has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

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Europe North America Financing America 395

Green Car Congress

DECEMBER 17, 2020

The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel cell electric platform, based on the Ford Transit 350HD chassis. In 2021, Colorado's Lightning eMotors is introducing a new Generation 4 model of its popular Lightning Electric Transit Van.

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Battery Batteries Fuel Electrical 448

EV Life

SEPTEMBER 7, 2023

Release Date: Fall 2023 Starting Price: $30,000 Chevrolet has become a pioneer in the electric vehicle market. Building on the success of the popular and affordable Bolt EV and Bolt EUV , the automaker has continued to expand its electric offerings to include EV versions of several of its most popular models.

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Chevrolet Financing Electric Vehicles Tax Credit 52

Green Car Congress

NOVEMBER 25, 2019

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.

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Financing Carbon Li-ion Lithium Ion 243

Green Car Congress

NOVEMBER 18, 2020

Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.

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Financing Fleet Stimulus Grant 221

Teslarati

JULY 9, 2023

France’s Finance Minister, Bruno Le Maire, is optimistic that Tesla would decide to significantly invest in the country. We have also invested in an… entire sector of electric batteries, so we will try to convince him that France is the best possible place in Europe to establish the next Tesla factory,” said Barrot.

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France Financing Tesla Spain 106

Green Car Congress

JULY 25, 2023

Li-ion battery recycling technology company Aqua Metals ( earlier post ) entered into a strategic partnership with Yulho Co., a storage solution and battery materials company based in South Korea. For the equity investment, Yulho has agreed to the purchase of approximately 4.5

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South Korea Battery Batteries Li-ion 150

Teslarati

MAY 26, 2023

Tesla’s energy business saw a 360% year-over-year growth in the first quarter, and a good part of it was due to the Megapack, the company’s flagship battery storage product. Recent footage of Tesla’s Lathrop Megafactory suggests that the electric vehicle maker is looking to ramp its production of the giant battery packs.

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Battery Batteries Tesla Energy Storage 145

EV Life

AUGUST 17, 2023

4 has to offer, compare available trims, and take a look at how you can save money with EV incentives by financing through EV Life. 4 provides a nice balance between comfort, practicality, and style, combined with decent power and a respectable battery range. In this spotlight, we will examine everything the Volkswagen ID.4

Financing 52

Financing Electric Vehicles Tax Credit Vehicles 52

Green Car Congress

SEPTEMBER 10, 2018

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.

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Li-ion Manufacturer Global Battery 239

Green Car Congress

APRIL 29, 2022

FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.

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Charging Battery Batteries Energy Storage 195

Electric Cars Report

AUGUST 17, 2023

General Motors is leading a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials innovator. GM and Mitra Chem will develop advanced iron-based cathode active […] The post GM Invests in AI and Battery Materials Innovator Mitra Chem appeared first on Electric Cars Report.

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GM General Motors Battery Batteries 98

Green Car Congress

APRIL 8, 2021

Clean Energy Ventures , a $110-million venture capital firm investing in early-stage climate tech startups, is leading the investments in two battery startups: one in the upstream ( N th Cycle ) and one in the downstream ( Volexion ). million seed financing led by climate tech venture capital firms Clean Energy Ventures and Energy Foundry.

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Clean Cleaning Energy Battery 221

Green Car Congress

SEPTEMBER 2, 2023

billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles (EVs). billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries.

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Conversion Grant Manufacturer Supplies 279

Green Car Congress

APRIL 16, 2019

Daimler AG has acquired a minority equity stake in US battery material specialist Sila Nanotechnologies Inc. Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler.

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Lithium Ion Li-ion Battery Batteries 249