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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

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Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. However, Bolivia is production-poor; Chile and Argentina are top global producers, but Bolivia has yet to produce the mineral in commercial quantities. (The

Bolivia 320
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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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Power Global and Rap Eco Motors partner to deliver 50,000 made-in-India electric auto-rickshaws built upon the swappable eZee module. Rap Eco Motors delivers premier e-rickshaws nationwide and abroad to countries in Asia, Africa, Europe and South America.

Auto 243
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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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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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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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. a Silicon-Valley-based venture developing solid-state batteries using 3D printing technologies. Musashi’s strategic investment accelerates KeraCel’s development of its additive manufacturing solid state battery technology to high volume production.

Companies 230
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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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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

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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. With the addition of AID employees, Argo AI will grow from 500 to more than 700 employees globally. Earlier post.).

Ford 262