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Cabot Corporation to open new battery application technology center in Europe

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Cabot Corporation plans to establish a new technology center in Münster, Germany. The new technology center will focus on technical collaboration with customers in order to accelerate application innovation for Cabot’s battery materials product lines within Europe.

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LG Chem spinning off battery business

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LG Chem plans to spin-off its global battery business. LG Chem will seek approval from an extraordinary meeting of stockholders on 30 October and officially launch the spin-off—tentatively named LG Energy Solution—as a new corporation exclusively in charge of the battery business from 1 December.

Batteries 382
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. The supply will go beyond 2030.

Global 435
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Graphene company Anaphite closes £4.1M round led by Elbow Beach Capital; enhancing EV batteries

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Anaphite incorporates graphene into battery materials, via an inexpensive and scalable process that fits directly into existing cell production lines. Anaphite focuses on the enhancement of lithium-ion batteries for the electric vehicle industry. Prior to this, he was a Corporate Strategy Director at Johnson Matthey.

Batteries 284
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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

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XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. XL has strong demand momentum with a $220-million 12-month sales pipeline and forecasted revenue of more than $21 million in 2020 and $75 million in 2021.

Fleet 448
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Honda aiming to sell 3.5M electric motorcycles per year by 2030

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Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 million units (approximately 15% of total sales) as of 2030. Battery sharing. Suzuki Motor Corporation and Yamaha Motor Co. Commuter EVs.

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Honda targeting annual sales of 70,000 for electric Prologue SUV in 2024

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Honda announced an initial annual sales target of 70,000 units for the Prologue SUV, Honda’s first new volume battery-electric vehicle (BEV), when it goes on sale in 2024. Honda anticipates these regions will represent the bulk of sales at the onset of launch due to higher customer acceptance and regulatory requirements.

Honda 321