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Enevate secures $81M Series E; silicon-dominant Li-ion battery technology

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Enevate, a developer of advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets ( earlier post ), has secured an $81-million Series E funding led by Fidelity Management & Research Company.

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Syrah Resources successfully produces Li-ion battery grade spherical graphite; market numbers

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The battery market currently represents approximately 23% of global flake graphite output and is expected to be a rapidly growing sector due to lithium ion (Li-ion) battery demand (Source: Benchmark Minerals). A Preliminary Economic Study based on a 25,000 tpa scenario will commence shortly.

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CCM: China Li-ion industry booming; domestic outputs triples in 2015 to 15.7 GWh

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In China, the development of alternative energy vehicles and the Li-ion battery sector are booming with the support of promotional policies from the Chinese government, according to new report from CCM , a leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. —CCM.

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Honda and GS Yuasa reach basic agreement toward collaboration for a high-capacity, high-output Li-ion battery

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Honda Motor and GS Yuasa have reached a basic agreement toward collaboration for a high-capacity, high-output lithium-ion battery. Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050.

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Panasonic establishing JV to manufacture Li-ion batteries in China

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Panasonic Corporation and Dalian Levear Electric Co. have established a joint venture company to manufacture Li-ion automotive batteries in China. The joint venture company will utilize Panasonic’s technology and knowhow for the production and quality control of automotive batteries to manufacture them for eco-friendly vehicles.

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POSCO to set up two JVs with Huayou Cobalt for Li-ion battery precursors and cathodes

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South Korea-based steelmaker POSCO will establish two Li-ion battery material joint ventures in China with leading cobalt supplier Zhejiang Huayou Cobalt. China’s Huayou Cobalt is the largest cobalt producer in China and is capable of supplying 50% of demand from lithium-ion battery producers.

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FREYR to supply 38 GWh of Li-ion cells to Nidec; forming JV for modules & packs

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FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Today’s landmark sales agreement inclusive of optional volumes represents roughly 50% of our targeted production from Giga Arctic by 2030. —Tom Einar Jensen, FREYR CEO.

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