Novonix, a battery materials and technology company, has received a conditional commitment from the US Department of Energy for a direct loan of up to $754.8 million for a proposed graphite facility in Chattanooga, Tennessee. If finalized, the financing from the DOE’s Loan Programs Office would be applied towards partially financing the construction of the… Read more »
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Sila raises $375 million to deliver Titan Silicon for EV series production
Battery materials company Sila has raised $375 million in a Series G funding round led by existing investors Sutter Hill Ventures, with participation by new outside investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital and others. The funding will secure the completion of the company’s Moses Lake plant in Q1… Read more »
Hexagon Purus teams with Hino to launch Tern electric truck
Norway-based EV systems supplier Hexagon Purus and Japanese vehicle manufacturer Hino Trucks, a Toyota subsidiary, have launched their electric truck brand, Tern, and its first model, the RC8 Class 8 tractor tailored for the US market. A product of a long-term agreement between the two companies valued at up to $2 billion, the Tern will… Read more »
EcoG helps EVSE manufacturers streamline the process of bringing new products to market
Enabling the next phase of EV charging station manufacturing. We tech writers often refer to “ecosystems,” and biologists may shake their heads at our appropriation of the term, but the analogy is an apt one in many ways. A biological ecosystem has its charismatic megafauna (elephants, lions, whales), but it couldn’t function without its less-glamorous… Read more »
Automakers and electronics firms form consortium to develop SoC semiconductors
Twelve automotive, electrical component and semiconductor companies have established a consortium to conduct research and develop high-performance system on chip (SoC) semiconductors for use in automobiles. The Advanced SoC Research for Automotive (ASRA) group will research and develop SoCs for automobiles using chiplet technology, and aim to install them in mass-production vehicles from 2030 onward. … Read more »
GM hires EV superstar Kurt Kelty as Vice President of Batteries
It’s plain to anyone who follows the auto industry that there are pro-EV and anti-EV factions at every legacy automaker. For the last three decades, the OEMs’ interest in EVs has flapped this way and that in the winds of quarterly earnings and political shifts. Last fall, the “let’s wait awhile” contingent appeared to have… Read more »
Redwood Materials breaks ground on South Carolina EV battery recycling plant
Redwood Materials, the battery recycling firm run by Tesla alum JB Straubel, recently broke ground on a new facility near Charleston, South Carolina. The plant will complement the company’s Nevada materials location, and will be used to recycle, refine and remanufacture anode and cathode components. Also like Redwood’s Nevada site, the new Battery Materials Campus… Read more »
Nexeon secures site and raw material supply for silicon anode material plant
Battery material manufacturer Nexeon has obtained property near to chemical company OCI’s facilities in Gunsan, South Korea for its first commercial-scale silicon anode material plant. Nexeon has also struck an agreement with OCI for a long-term supply of monosilane, a by-product gas from the Gunsan plant’s semiconductor polysilicon production and a crucial raw chemical for… Read more »
Redwood Materials to receive $2-billion DOE loan, begins production of anode foil
Redwood Materials, the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery… Read more »
Tesla to build Semis and expand battery production at Nevada Gigafactory
Tesla’s Nevada Gigafactory is quite a place—since its 2014 opening, the company has invested $6.2 billion in the region, and the 5.4-million-square-foot, 11,000-employee facility has produced some 7.3 billion battery cells, 1.5 million battery packs and 3.6 million drive units. Now Tesla has announced plans to invest an additional $3.6 billion, hire 3,000 more team… Read more »
