Japanese automaker Isuzu is planning to invest nearly two billion dollars in electric trucks and batteries, according to EV news outlet Electrive. According to a regulatory filing, Korean battery giant LG Energy Solution will supply Isuzu with cylindrical cells through 2026 in a deal worth one trillion Korean won ($748 million). LG has been supplying… Read more »
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Sion Power raises 75 million to commercialize its Licerion EV battery tech
Sion Power, a developer of next-generation batteries for EVs, has secured $75 million in Series A funding. The round was led by battery manufacturer LG Energy Solution, and included participation from Euclidean Capital and Hillspire. Sion Power’s Licerion technology uses compression in a lithium metal battery to enhance safety, lifetime and recharging rates. Sion has… Read more »
GM agrees to unionize EV battery plants. Will other US automakers follow suit?
The United Autoworkers’ strike doubtless has multiple causes, but the transition to EVs is certainly one bone of contention. EVs are simpler machines than legacy vehicles, and many expect this to translate into less demand for human labor. A wave of new battery plants will surely create new jobs, but some fear that automakers will… Read more »
Westwater Resources is building a facility in Alabama to process one of the largest graphite deposits in the US
Q&A with Jon Jacobs of Westwater Resources Everyone in the EV industry is talking about the IRA and the BIL, two sets of federal regulations that include strong incentives for automakers to establish domestic supply chains for EV raw materials and components. Not everyone is happy about the requirements, and there are a number of… Read more »
Letter from London: Red buses, black cabs and private cars are going electric
Traveling in Europe (and nearby countries) these days is in some ways like traveling to the future. London has been an electrification leader for some years, and the streetscape this summer looks even more electric than it did on my last visit 4 years ago. I saw no evidence of the “hollowing out” of downtown… Read more »
Updated Chevrolet Bolt EV coming, using newer Ultium cells
The other shoe has dropped on GM’s decision to take its only volume EV model out of production: a revised Bolt using the new Ultium battery is coming. General Motors CEO Mary Barra said this morning an updated Chevrolet Bolt EV will come to market “on an accelerated timeline,” with new Ultium battery cells replacing… Read more »
Nikola liquidates Romeo’s battery assembly assets: auction ends July 13
Electric truck maker Nikola is liquidating the assets of battery maker Romeo Power, which it acquired last August for about $144 million. Nikola, which also sources batteries from LG Energy Solution and Proterra, hoped that bringing battery manufacturing in-house would enable operational improvement and cost reductions. For whatever reasons, it doesn’t seem to have worked… Read more »
World leading battery companies gather in Munich this June at InterBattery Europe Showcase
Sponsored by InterBattery Europe. InterBattery, South Korea’s largest and most influential exhibition for batteries,is launching for the first time in Europe as “InterBattery Europe Showcase” at ees Europe from June 14 to 16 in Munich. InterBattery Europe Showcase will be presenting global battery industry leaders like LG Energy Solution, Samsung SDI, and LS Electric along… Read more »
Sayona Mining and Piedmont Lithium restart North American Lithium (NAL) project
Australia-based lithium producers Sayona Mining and Piedmont Lithium say they have successfully restarted production of commercial spodumene concentrate at their jointly owned NAL project in Quebec, Canada, at a cost of $80 million. The companies expect the project to be the only major source of new spodumene production in North America in the next two… Read more »
Ultium Cells to expand battery production by 40 percent in Tennessee plant
Ultium Cells, the battery cell manufacturing joint venture of LG Energy Solution and GM, plans to invest an additional $275 million in its Spring Hill, Tennessee plant to expand the facility’s battery cell output by more than 40 percent, from 35 GWh to 50 GWh. The company put $2.3 billion into the facility in April… Read more »