6K, a producer of engineered materials for lithium-ion batteries, has raised $102 million in the first of two Series D funding tranches. The round was led by Koch Strategic Platforms, an investment arm of fossil fuel giant Koch Industries, with participation by investors Energy Impact Partners, Albemarle, HG Ventures and others. 6K will use the… Read more »
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Today’s EV engineering webinar schedule: Thursday, April 7th
Charged is hosting a virtual conference on EV engineering that’s free to attend and it starts today. The conference includes live webinar sessions with interactive Q&As and on-demand webinars. View the daily session schedule online here. All of the live sessions will be recorded and available to view after the broadcasts. You can access the… Read more »
BASF inks land purchase agreement for battery site in Canada
Cathode active materials (CAM) producer BASF has signed an agreement to purchase land for a future CAM materials production, battery metals recycling and refining site in Quebec. The site is positioned beside the Saint Lawrence River in Bécancour. According to BASF, the site will “rely on competitive hydropower to further reduce the carbon footprint of… Read more »
Defense Production Act could boost domestic production of critical battery minerals
Shortages of battery materials represent a serious bottleneck that’s sabotaging environmental goals and costing consumers a bundle, and the supply crunch seems likely to be with us for some time. President Joe Biden has invoked the Defense Production Act in order to encourage domestic production of critical raw materials. Doing so added critical battery minerals… Read more »
Mercedes battery pack plant in Alabama will shorten supply chain, reduce emissions
Mercedes-Benz has opened a battery pack factory in Bibb County, Alabama, near a plant in Tuscaloosa where the company will soon be building its new EQE and EQS electric SUVs for the US market. The new plant will not be manufacturing cells, but rather assembling purchased cells into packs for the EQE and EQS. The… Read more »
Ascend Elements to recycle battery manufacturing scrap for SK Battery America
Battery recycling specialist Ascend Elements (formerly Battery Resourcers) has been selected by SK Battery America (SKBA) to recycle both cell and module battery manufacturing scrap from SKBA’s manufacturing facility in Commerce, Georgia. The scrap material will be recycled at Ascend Elements’ new 154,000-square-foot battery recycling facility in Covington, Georgia, which is designed to recover 98%… Read more »
Mercedes outlines battery recycling strategy, will open recycling plant in Germany in 2023
Mercedes-Benz has unveiled plans to expand its global battery recycling strategy. The automaker will build its own battery recycling plant in Kuppenheim, Germany, and plans to enlist partners for battery recycling in China and the US. “Mercedes-Benz is pursuing a maximum circular economy for all raw materials used,” said Board Member Jörg Burzer. “Sustainable battery… Read more »
Battery recycler Lithion raises $99 million, inks Korean licensing deal
Battery recycling technology company Lithion has raised 125 million Canadian dollars ($99 million US) in a Series A funding round, and has granted construction and manufacturing firm IS Dongseo the exclusive right to use its lithium-ion battery recycling technology in the South Korean market. Canada-based Lithion will use the funding on a separation plant, a… Read more »
Primobius and Stelco partner on EV battery recycling in North America
Primobius has reached an option and licensing agreement with Stelco Holdings to commercialize Primobius’s proprietary EV battery recycling and processing technologies in North America. Operations are expected to begin in 2023. Germany-based Primobius is a joint venture of Neometals and the German engineering company SMS group to commercialize the recycling of lithium-ion batteries. Canada-based Stelco… Read more »
Li-Cycle unveils plans for Hub facility, announces recycling agreement with LG
Li-Cycle has announced plans to build its first Hub facility near Rochester, New York. The company expects to process equivalent battery material to power approximately 225,000 EVs per year. Li-Cycle (profiled in our July/August 2020 issue) uses a hub-and-spoke model for its recycling process. The New York Hub will be integrated with Li-Cycle’s existing network… Read more »