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Eramet inaugurates its direct lithium extraction plant in Argentina, becoming the first European company to produce battery-grade lithium carbonate at industrial scale

Christel Bories, Chair and CEO of Eramet, has inaugurated the Centenario Phase 1 lithium carbonate production plant in the presence of Gustavo Saenz, Governor of Salta Region, Diana Mondino, Minister of Foreign Affairs of the Republic of Argentina, Luis Lucero, Mining Federal Secretary of the Republic of Argentina and Benjamin …

China’s battery giant taps Europe’s elite to expand supply chain

China’s Contemporary Amperex Technology (CATL), the world’s biggest electric vehicle battery maker, has held talks with overseas sovereign wealth funds and the private offices of the super-rich about raising a $1.5bn fund to build out its global supply chain. The offshore fund would help Fujian-based CATL, a supplier to Tesla, …

Vietnamese EV Maker VinFast sets course for the Middle East

VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. A subsidiary of Vingroup, Vietnam’s largest conglomerate, VinFast has …

Electrovaya’s High Voltage Battery System passes fire propagation testing

Electrovaya Inc., a leading lithium–ion battery technology and manufacturing company, has announced that it completed and passed fire propagation testing on two of its high voltage battery systems, each with over 50kWh in capacity. The testing was done in accordance with the UL2580 standard and one test was completed at …

DOE announces $14M to increase consumer battery recycling

The US Department of Energy (DOE) announced $14 million to increase consumer battery recycling and create a more sustainable domestic battery supply chain. Supported by the Bipartisan Infrastructure Law and managed by DOE’s Manufacturing and Energy Supply Chains Office (MESC), the selected projects will provide more than 1,000 collection points across the …

Varta engages with Porsche over investment in lithium-ion battery unit

German battery maker Varta  said it is in talks with Porsche over a potential investment in its large-format lithium–ion battery business, V4Drive. The companies have signed a non-binding term sheet and are working on finalizing the details, Varta said, without disclosing any financial factors. Talks regarding an investment comes just …

Korean EV Battery waste remanufacturer Poen secures $28 Million in Series B Investment

According to koreatechdesk.com, Korean startup Poen, which specializes in the remanufacturing of electric vehicle waste batteries, has successfully secured 39 billion won (USD 28 million) in Series B investment. Founded in 2019, Poen has shown remarkable growth, attracting seed investment in 2020, Series A in 2021, and now Series B funding, …

Sakuu and SK On to collaborate on advancing EV Battery Manufacturing

“We are pleased to announce this strategic partnership with Sakuu,” said Dr. Rhee Jang-weon, Chief Technology Officer of SK On. “We look forward to working closely with Sakuu to accelerate innovations in the manufacturing processes for EV battery electrodes.”
Sakuu’s breakthroughs in dry-process manufacturing and the printing of electrodes eliminates the use of solvents and enables the use of new processes in battery manufacturing that will enable cost-effective, higher performance batteries that are also environmentally-friendly.
“Together, SK On and Sakuu are ushering in a new era in battery manufacturing technology, advancing safety, sustainability, and innovation in battery technology,” said Robert Bagheri, founder and CEO of Sakuu. “With Sakuu’s pioneering technology and SK On’s best-in-class EV battery manufacturing expertise, we’re addressing the core issues facing battery makers today.”
SK On and Sakuu’s collaboration will bring a new transformative technology that aims to be the new gold standard for battery manufacturing.

Electrified vehicles were 48% of Volvo Cars’ global sales in June

Volvo Cars reported global sales of 71,514 cars in June, up 8% compared to the same period last year. The sales increase was primarily driven by a strong performance in Europe and Latin America and the company’s fully electric small SUV, the EX30. The company’s sales of electrified models, fully electric and …

U Power expands global footprint with strategic move into Thai Market

U Power Limited, a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it had signed a Memorandum of Understanding (“MoU”) with Pattaya AI Terminal Co., Ltd. (“Pattaya AI”) to jointly drive the strategic development of green logistics …