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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion billion alternative investment firm with offices in Paris, New York, and the Bahamas.

Global 199
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina.

Argentina 369
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Tier 1 Musashi invests in solid-state battery company KeraCel; long-term partnership

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Tier 1 Musashi invests in solid-state battery company KeraCel; long-term partnership. Japan-based Tier 1 Musashi Seimitsu Industry Co., a Silicon-Valley-based venture developing solid-state batteries using 3D printing technologies. Musashi is a global auto parts Tier 1 company for automobiles and motorcycles.

Companies 230
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Penske Truck Leasing and NFI Industries starting to test the first fully electric Freightliner trucks from end of 2018 onwards

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Now, Daimler announced the two first customers to operate the e-vehicles within their fleet: a total of 30 Freightliner eCascadia and eM2 trucks will be handed over to Penske Truck Leasing and NFI Industries in the US. Logistics specialist NFI Industries holds a fleet of 4,000 tractors and approximately 8,900 trailers in North America.

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Rio Tinto to acquire Rincon Mining lithium project for $825M

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Rio Tinto said the acquisition demonstrates its commitment to build its battery materials business and strengthen its portfolio for the global energy transition. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate. —Rio Tinto Chief Executive Jakob Stausholm.

Argentina 259
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GM signs major Li-ion supply chain agreements: CAM with LG Chem and lithium hydroxide with Livent

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General Motors announced two major Li-ion battery supply chain agreements, one with LG Chem for cathode active material (CAM), and one with Livent for the supply of battery-grade lithium hydroxide. —Jeff Morrison, GM vice president, Global Purchasing and Supply Chain.

Li-ion 199
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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. Looking ahead, even more customers and the environment will benefit from Volkswagen’s industry-leading EV architecture.

Ford 262