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Juniper Research: EV battery pack shipments to reach 30M units in 2027, up from 10M in 2022; led by commercial vehicles

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Global number of electrified vehicle battery packs shipped in 2027: 30 Million. The study predicts that this growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to more than 7 million by 2027. —Research co-author Damla Sat.

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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. In addition, the center will feature advanced testing equipment to provide best-in-class technical application capabilities to serve the battery industry globally.

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Group14 Technologies launches commercial manufacturing factory in US for lithium-silicon anode materials

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US-based Group14 Technologies , a global provider of silicon-carbon composite materials for lithium-ion markets, announced the launch of its first commercial-scale 27,000-square foot US manufacturing factory to meet demand for higher-performing lithium-silicon anode materials. —Rick Costantino, CTO of Group14 Technologies.

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Daimler Truck and Toyota to partner on advanced technologies, merge Mitsubishi Fuso and Hino Motors

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Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Nexeon raises more than $200M to fund Si-based anode materials manufacturing

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Further to the announcement of its strategic partnership with and investment from SKC on 26 January 2022, Nexeon, a leading battery materials developer and manufacturer has completed the second close of its fundraise resulting in a total investment of US$170 million.

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Electrolyzer company Hystar raises US$26M to scale up to full commercial operations

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Hystar AS, a Norway-based electrolyzer company, announced a Series B funding round of US$26 million to support the scale-up to full commercial operations with an automated GW-capacity production line by 2025. The round was co-led by AP Ventures and Mitsubishi Corporation.