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BMW i Ventures invests in Natural Fiber Welding; plant-based leathers, yarns and foams

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BMW i Ventures has invested in Natural Fiber Welding , Inc. The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. BMW Group has set ambitious sustainability targets as it aims to reduce CO 2 emissions along the entire value chain.

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BMW i Ventures announces lead investment in Mangrove Lithium Series A; green lithium refining technology

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BMW i Ventures announced a lead investment in the Series A-1 financing round of Vancouver-based Mangrove Lithium. BMW i Ventures is joined by existing investor Breakthrough Energy Ventures. BMW i Ventures is joined by existing investor Breakthrough Energy Ventures. —Kasper Sage, Managing Partner at BMW i Ventures.

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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

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billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. Northvolt signed a $1.1-billion

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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

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Australia-based European Lithium Limited signed a binding term sheet for the joint development and operation of a lithium hydroxide processing plant in Saudi Arabia with Obeikan Group to convert lithium concentrate into lithium hydroxide.

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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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Through these acquisitions, TAE Power Solutions gains an early foothold in existing projects, including APC18 CELERITAS , a program to develop an ultra-fast charging battery and pack for electric and fuel cell hybrid vehicles with BMW and other project partners. billion.

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BNEF forecasts cumulative 26 GWh of second-life EV battery storage by 2025

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In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. In contrast, repurposing used EV batteries could cost as little as $49/kWh in 2018, with an additional $400/kWh cost to convert to stationary. The auto industry is divided on the issue.

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SGL Group and BMW Group JV to Build New Carbon Fiber Plant; Output Exclusively for Upcoming Megacity Vehicle

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SGL Automotive Carbon Fibers LLC, the joint venture between SGL Group and BMW Group ( earlier post ), will build a carbon fiber manufacturing plant in Moses Lake, WA. In the next step, the facility in Moses Lake will convert the polyacrylic fibers into the actual carbon fibers. SGL Group holds 51% of the shares and the BMW Group 49%.