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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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Navigant expects global market for automotive Li-ion batteries to hit $30.6 billion in 2024; almost 4x 2015 market

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In a new report, Navigant Research forecasts the global market for Li-ion batteries in light duty and medium/heavy duty vehicles will almost quadruple from $7.8 Overall, Navigant expects the Li-ion battery capacity serving the automotive market (including light and heavy duty vehicles) to grow from about 15.9

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FREYR and 24M sign licensing and services agreement for mass production of Li-ion battery cells; Glencore for raw materials

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FREYR AS and 24M Technologies signed a definitive License and Services Agreement to use 24M’s SemiSolid lithium-ion battery platform technology ( earlier post ) in FREYR’s planned facilities in Mo i Rana, Norway. This reduces the capital expenditures and enables substantial operational cost saving while increasing production throughput.

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Leclanché and Narada Power sign strategic global alliance for Li-ion technology

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Swiss battery manufacturer Leclanché SA ( earlier post ) and China-based Zhejiang Narada Power Source Co Ltd, a global battery manufacturer, announced a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets.

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BASF and Volkswagen present Science Award Electrochemistry to Dr. Vanessa Wood for work on Li-ion batteries

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The jury of representatives from BASF, Volkswagen and from academia selected Dr. Wood for her outstanding research results in the area of lithium-ion batteries. She and her colleagues have implemented techniques to quantify lithiation dynamics and tortuosity in lithium-ion batteries and their effects on cell performance and safety.

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Li-ion maker Electrovaya acquires Evonik Litarion and licenses SEPARION IP

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Canada-based Li-ion developer and manufacturer Electrovaya Inc. The transaction includes an advanced and automated production plant for lithium-ion electrodes and ceramic composite separators, with a rated capacity of 0.5 Separion is a proprietary ceramic composite separator for ultra-safe lithium ion battery applications.

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Anderman report sees strongest growth for full-hybrid systems; Li-ion batteries for hybrids may be in short supply

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Low-cost 14V micro hybrid systems and full (strong) hybrid (i.e., The 170-page report also finds that while the combined global EV and plug-in Hybrid (PHEV) market share is expected to grow to about 1.5% According to the report’s baseline estimate, the global Li-ion xEV business will reach $3.8

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