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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

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The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Li-ion 458
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Solid-state battery company Quantumscape to list on NYSE; $3.3B valuation

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QuantumScape Corporation, a developer of next generation solid-state lithium-metal batteries for use in electric vehicles, and Kensington Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced a definitive agreement for a business combination that would result in QuantumScape becoming a publicly listed company.

Companies 468
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Electric propulsion company Evolito acquires aerospace battery company Electroflight; full powertrain solutions capability

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Evolito, a privately-owned company designing and manufacturing electric motors and controllers for aerospace applications, has acquired the business and assets of aerospace battery solutions company '. We are looking forward to partnering with more companies thanks to this innovative new technology. Electroflight SEED.

Companies 221
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Austrian bus company signs framework agreement for up to 106 Solaris battery-electric and hydrogen buses

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Austrian bus company Österreichische Postbus AG (ÖBB Postbus) has signed another framework agreement with Solaris for the delivery of up to 106 battery-electric and hydrogen buses that would be deployed throughout Austria. ÖBB Postbus is the largest bus company in Austria and a leader in regional public bus transport.

Hydrogen 458
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Si-anode company NEO Battery Materials to partner with Korea Metal Silicon

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Canada-based NEO Battery Materials Ltd.—which has developed a lean manufacturing process over more than 15 years to provide cost-effective silicon powders that range from nanosilicon for lithium-ion batteries to polysilicon for semiconductors and solar-powered equipment. Korea Metal Silicon Co.

Companies 435
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GM invests in battery recycling company Lithion

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GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

GM 218