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Wanxiang and NEC to form joint venture for grid energy storage in China

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China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. NOVONIX Anode Materials LLC, a wholly-owned subsidiary of NOVONIX Limited, was formed in 2017.

Parts 459
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First US-China Clean Truck and Bus Summit

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More than 120 attendees from leading US and Chinese clean truck and bus technology companies, together with representatives from key agencies of both governments, took part in the first US-China Clean Truck and Bus Summit in Beijing to help link US firms with Chinese partners and increase exports.

Clean 239
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Electrovaya to provide Li-ion SuperPolymer battery packs for DongFeng Motors for EV program in China

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DongFeng Motors (DFM) plans to commercially launch these two electric vehicles by late 2013. The Electrovaya 18 kWh Lithium Ion SuperPolymer battery consists of its proprietary high energy density cells and BMS (Battery Management System) along with sub-assemblies of mechanical, thermal, electrical and electronics. Electrovaya Inc.

Li-ion 218
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Ener1 Receives Commitment for $65M Equity Investment; Negotiating with DOE on Low Interest ATVMP Loan

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announced last month that it had achieved an important automotive-grade certification, Production Part Approval Process (PPAP), for THINK and had begun shipping battery packs to be installed in THINK vehicles for commercial sale in European and North American markets. Ener1’s principal operating subsidiary, EnerDel, Inc., Earlier post.).

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million and commercial revenue was $4.5

2012 273
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IDTechEX sees battery swapping as winner in 2- and 3-wheeler markets of Asia-Pacific

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Although IDTechEx believes battery-swapping remains unlikely to thrive in the US, many Chinese OEMs are now entering the European market. Commercial fleets. The high utilization of commercial fleets in this segment means that swapping can directly boost revenue. Two- and three-wheelers.

Asia 326