Nano One Materials, a Canadian a process technology company specializing in lithium-ion battery cathode active materials (CAM), has been awarded C$5 million ($3.5 million) in non-repayable financing from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of its One-Pot lithium iron phosphate (LFP) CAM and accelerate commercialization. The funding supports Nano… Read more »
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Forge Nano raises $40 million to scale US battery manufacturing and semiconductor equipment businesses
Forge Nano, which is developing US battery and semiconductor production, has closed a $40-million funding round to expand its manufacturing capacity. The funding was co-led by investment firm RockCreek and Ascent Funds, a US-based energy technology fund. Additional participants included Top Material, Orion Infrastructure Capital and Forge Nano’s existing investors. The company has now raised… Read more »
Japanese construction equipment company orders Electrovaya high-voltage battery systems
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 »
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 »