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Rio Tinto invests in InoBat

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The investment follows a Memorandum of Understanding signed in May, outlining an intention to work together to progress the establishment of a “cradle-to-cradle” electric vehicle battery value chain in Serbia. InoBat is actively pursuing plans to build a number of gigafactories, including one in Serbia. Rio Tinto’s $2.4-billion

Serbia 319
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Rio Tinto and InoBat partner to explore full life-cycle lithium battery initiative

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Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia.

Serbia 321
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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The report also places question marks over projects in Serbia and Spain by InoBat, which recently secured incentives for a joint venture with an American company in Indiana. T&E called for production targets, tax breaks and grants to scale up battery manufacturing while fully upholding Europe’s environmental standards.

Companies 430
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Rio Tinto declares maiden ore reserve at Jadar; major potential source of battery-grade lithium carbonate

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Rio Tinto disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at its 100% owned Jadar lithium-borates project in western Serbia. It represents a significant investment for Serbia with both direct and indirect economic benefits, and would become the country’s second largest exporter.

Carbon 170
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Audi partner TTTech acquires 35% of RT-RK; automotive electronics

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Vienna-based technology company TTTech delivers robust networked control systems based on Deterministic Ethernet, including the emerging IEEE Time-Sensitive Networking (TSN) standards. RT-RK, headquartered in Novi Sad, Serbia, is a global powerhouse serving customers in Silicon Valley and EMEA.

Audi 150
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Rio Tinto commits $2.4B for Jadar lithium project; planning 58,000 tons/year lithium carbonate by 2029

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billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. Rio Tinto has committed $2.4 Earlier post.)

Serbia 397
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UNECE Adopts Type Approval for Electric and Hybrid Vehicles’ Electric Safety Requirements; Applies in 41 Countries

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The new version of the regulation offers car manufacturers the legal instrument to put into the market passenger and commercial vehicles with greener standards, reducing the costs and delays associated with multiple approvals in various countries. Tags: Electric (Battery) Europe Fuel Cells Hybrids Plug-ins Policy Standards.

Hybrid 199