Electrovaya, a developer and manufacturer of industry-specific lithium-ion battery systems, has announced that a major construction equipment company has placed an order for its high-voltage battery systems. The order is the second it has received from the Japanese construction industry as well as the second obtained through its partnership with Sumitomo Corporation Power & Mobility,… Read more »
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Archer Aviation to sell up to 100 electric aircraft to Soracle
Electric airplane manufacturer Archer Aviation has signed an agreement with Soracle, a joint venture of Japan Airlines and global general trading company Sumitomo, to sell up to 100 Midnight aircraft, totaling approximately $500 million. Soracle plans to offer electric air taxi flights in cities with traffic constraints or geographic barriers. Locations could include Tokyo, Osaka,… Read more »
Forge Nano receives $10 million from GM Ventures to enhance GM battery materials
Materials science company Forge Nano has received a $10-million investment from GM Ventures, the venture arm of General Motors, to develop its battery coating technology. The investment adds to its previous $50 million Series C funding round, which included participation from Hanwha, Orion Infrastructure Capital, Catalus Capital and Ascent Funds. The company has raised more… Read more »
MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation
Q&A with MP Materials’ Matt Sloustcher. There’s much hand-wringing in the press these days about battery raw materials such as lithium, cobalt and nickel. However, save some of your anxiety for rare earth materials. These elements (which are not particularly rare, but seemed so to the scientists who named them back in the 18th century)… Read more »
Nissan announces $18 billion in new e-mobility investment, including solid-state batteries and 15 new EVs
Nissan, an early EV pioneer that later seemed to lose interest, has become the latest automaker to announce a new electrification plan. The company’s Nissan Ambition 2030 strategy calls for investments of 2 trillion yen (around $17.6 billion) over the next five years. “With Nissan Ambition 2030, we will drive the new age of electrification,… Read more »
New process cheaply extracts copper, nickel, cobalt and lithium from used EV batteries
Sumitomo Metal Mining has developed a new proprietary process to extract high-grade metals from used EV batteries. Tapping its expertise in copper refining, Sumitomo says it can cheaply extract copper, nickel, cobalt and lithium from used EV batteries by crushing them, heating the resulting powder to specific temperatures, and adjusting oxygen levels. Sumitomo says competitors,… Read more »
Composite Solutions for Improved Efficiency in E-powertrains
Presented by: Jason Du, Marketing Manager, Sumitomo Bakelite All Sessions: October 2021 Conference
Learn about modular e-motor platform optimization
Looking for a pioneering solution for complex design optimization challenges, ZF—a global technology company supplying systems for passenger cars, commercial vehicles, and industrial technology—partnered with Altair to implement a data-driven development and optimization strategy for e-motors. The collaborative work of ZF and Altair has resulted in a user-friendly optimization environment capable of handling the complex… Read more »
4R Energy earns first UL 1974 battery reuse certification
4R Energy, a joint venture between Nissan and Sumitomo that focuses on EV battery reuse, will be the first group certified to the UL 1974 Standard for Evaluation for Repurposing Batteries. UL 1974 outlines how to sort and grade EV battery packs, modules, and cells, identifying state-of-health and determining viability for second-life use as storage…. Read more »
Nissan starts LEAF battery exchange program in Japan
Starting in May, Japanese LEAF owners will be able to exchange their old batteries for refurbished ones. Nissan will initially offer 24 kWh refabricated batteries for ¥300,000 ($2,853) each. Prices for brand-new replacement batteries range from $6,182 for a 24 kWh battery to $7,800 for the 40 kWh version. Nissan is using the battery-rebuilding capabilities… Read more »
