Redwood Materials, the battery recycling venture founded by former Tesla CTO JB Straubel, came out of stealth mode last year, and announced that it is recycling scrap from Panasonic’s battery cell production at Tesla’s Gigafactory Nevada. In July, it raised $700 million in new investment. Now Redwood has dropped a bit of a bombshell: it… Read more »
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Li-Cycle to build battery recycling facility in Alabama
Li-Cycle has announced plans to build a fourth commercial battery recycling facility in Tuscaloosa, Alabama. This facility will add to the capacity of the Kingston, Ontario and Rochester, New York plants. The company’s Gilbert, Arizona facility is still under construction. Univar Solutions will be an anchor battery feed supply customer for the new facility. Li-Cycle… Read more »
Autonomous electric cargo ship with 7 MWh battery capacity sets sail in Norway
Norwegian chemical firm Yara International has developed an autonomous electric cargo ship, which is scheduled to make its maiden voyage with no crew members aboard later this year. Yara, a major shipper of bulk cargoes, created a subsidiary, Yara Marine Technologies, to address toxic emissions from marine diesel engines. In 2017, it began working on… Read more »
Proterra and LG Energy Solution sign long-term battery cell supply agreement
Commercial EV innovator Proterra (NASDAQ: PTRA) has formed a new agreement with LG Energy Solution to provide a long-term supply of cylindrical battery cells, to be manufactured at a new LG Energy Solution plant in the US. LG will deliver cells to Proterra’s factories for the manufacture of the company’s commercial EV battery systems. Proterra… Read more »
LG Chem to invest $5.3 billion in battery materials by 2025, aims to rule anode market
LG Chem plans to invest 6 trillion South Korean won ($5.3 billion) in battery materials by 2025, including efforts in anode materials, separation membranes, cathode binders, radiant adhesives and carbon nanotubes. LG Chem’s goal is to grow into the world’s largest comprehensive battery materials company, and to become the world’s number-one supplier of anodes. A… Read more »
GM reveals more technical details of its Ultium battery packs
GM has big plans to release as many as 30 new EV models by 2025—the company claims that, by 2035, its only ICE vehicles will be heavy-duty trucks. The new Ultium battery system is at the heart of GM’s electrification strategy. GM says the Ultium system delivers a pack-level cost close to the magic number… Read more »
Tesla signs new long-term battery cell supply agreement with CATL
As EVs move into mass production, the industry is going to need an insane—make that ludicrous—amount of batteries. Trendsetter Tesla long relied solely on Japan’s Panasonic for cells, but around the time production began at Gigafactory Shanghai, it started working with other suppliers, including Korea’s LG and China’s CATL. Tesla and CATL signed a supply… Read more »
SK becomes third-largest shareholder of battery company SES
SK has invested an additional $35.9 million in SES (formerly SolidEnergy Systems), a developer of lithium-metal batteries. Coupled with its original $26.7 million investment in 2018, SK now becomes the third-largest shareholder of the battery company. SES, which launched in 2012 as an MIT research lab startup, is headquartered in Singapore, and operates labs and… Read more »
GM boosts EV investment, plans to build more US battery factories
GM has raised the stakes in what’s starting to look like a lively EV rivalry with Ford. The nation’s largest automaker now says it plans to invest $35 billion in electrification over the five years ending in 2025—the second increase in its announced figure in the last eight months. By 2025, GM plans to offer… Read more »
Ford raises its EV game: 40% pure EVs by 2030, new platforms, new battery initiatives and more
In a virtual meeting with investors, Ford outlined a plethora of plans to expand its electrification efforts. There was a big bundle of news, which will take the media some days to fully unpack, but the gist of it is that, under a plan dubbed Ford+, the automaker will be allocating capital to three priority… Read more »