For years, the US electric vehicle industry has grappled with two supply-chain issues: how to source critical materials for battery production, and what to do with old batteries once they’re spent. A deal announced today by Ascend Elements aims to address both challenges. The Massachusetts-based maker of battery materials said it has reached a billion-dollar […]
Battery Metals
Tsingshan to invest in 50,000 t/y lithium project in Zhejiang province
China’s Tsingshan Group said on Tuesday its unit Zhejiang Dinson Holding will invest in a 50,000 tonnes per year lithium carbonate project in eastern China’s Zhejiang province. Dinson Holding has signed a cooperation agreement with Dongtou district under Wenzhou city, where the world’s top nickel and stainless steel producer is headquartered, according to a post […]
Two Is Better Than One? Michigan Firm’s Breakthrough Dual Battery For EVs
EVs with a single battery pack might seem like the norm, but Michigan-based Our Next Energy (ONE), a battery technology company, champions the idea that the key to longer range is having not one, but two battery packs. As we reported previously, the start-up is working with BMW to incorporate its dual-chemistry battery into the […]
Tata to build $1.6-billion Indian EV battery plant, Gujarat says
India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion). Tata Agaratas Energy Storage Solutions Pvt., a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an […]
Tsingshan says Argentina lithium plan with Eramet to total $1.7 billion
Chinese steel giant Tsingshan and French mining group Eramet plan to invest more than $1.7 billion in two stages of a lithium production project in Argentina, Tsingshan said in a statement on Thursday. The partners are due to start producing lithium in Argentina next year under a first phase that Eramet has estimated will represent around $550 […]
Toyota pledges another $2.1 billion to expand battery plant
The scope of Toyota’s under-construction battery plant in Randolph County is growing. Driving the news: The Japanese automaker said this week it will put another $2.1 billion toward expanding its future facility in Liberty, located south of Greensboro and about an hour and 15 minutes west of Raleigh. The batteries made in North Carolina will be used in its new […]
Global production of critical metals unlikely to meet EU demand
A recent study by Sweden’s Chalmers University of Technology found that the current global production levels of raw materials will not match the demand of the European Union’s EV industry, not even when accounting for recycling. The paper points out that the metals that are highly sought after, such as dysprosium, neodymium, manganese and niobium, […]
Toyota adds $2.1B to its US battery factory expansion plans
Toyota will spend an additional $2.1 billion to build a new battery plant in North Carolina, the latest sign that the automaker is attempting to catch up with an industry that has embraced the move to electric vehicles. The Japanese automaker also announced Wednesday it will build its first U.S.-made electric SUV at its Kentucky […]
Mapped: Renewable energy and battery installations in the US in 2023
Renewable and battery installations in the US in 2023 Renewable energy, in particular solar power, is set to shine in 2023. This year, the US plans to get over 80% of its new energy installations from sources like battery, solar, and wind. The above map uses data from EIA to highlight planned US renewable energy and […]
GM gets financial support for EV battery plant in Quebec
General Motors Co. and Posco Future M Co., Ltd. have secured half of the financing for a C$600 million ($442 million) electric-vehicle battery component plant in Quebec from the provincial and federal governments. In March 2022, the US and South Korean companies announced plans to form a joint venture dubbed Ultium Cam and build a […]