Australian Hydrogen Battery Technology Will be Tested in the United Kingdom

The government of the United Kingdom has shown keen interest in the innovative energy storage system of an Australian technology company called Lavo. The UK government is providing financial backing to the company to demonstrate this technology by installing it in England. The technology stores g...

The Richest Man in Australia to Purchase the Battery and Tech Arm of Formula One for 164 million Pounds

The richest man in Australia is set to buy the racing team of Williams Formula One’s battery and technology arm for 164 million pounds.

Fortescue Metals, a mining giant, will be acquiring the Williams Advanced Engineering from Williams Grand Prix Engineering and EMK Capital.

EV Metals Group Announces Australian Lithium Alliance

The EV Metals Group has launched the Australian Lithium Alliance which is a strategic initiative to collaborate with Australian companies to boost the exploration, mining, production, and development of lithium minerals.

The initiative will be put into action by the Australian Lithium A...

PTT Announces Joint Venture for New Battery in Thailand

Thailand’s PTT and the Global Power Synergy Corporation have announced a joint venture to support the electric vehicles production plan of the PTT.

The Chief Executive Officer and the President of PTT, Auttapol Rerkpiboon, said that the Singaporean oil and gas company has created ...

Global Electric Vehicle Battery Swapping Market to Grow at 25.6% during the Forecast Period

Commercial Vehicles to Hold Largest Market Share in 2020

Commercial electric vehicles accounted for the higher market share in 2020 and is projected to maintain its dominance over the forecast period (2021-2029) in the electric vehicle battery swapping market. The grow...

Northvolt Battery Plant Comes to Life

On Wednesday, Northvolt announced that its new gigafactory in Sweden had assembled the cell for its first battery. This would make the company the first in Europe to design and manufacture a battery.

The cell is made of a prismatic format with several thinner and lighter cells combining...

Altech Chemicals Signs MoU with 2 EU Companies

AItech Chemicals Limited along with its subsidiary in Germany has signed Memorandums of Understanding with 2 European companies supplying lithium-ion battery-grade anode materials.

The MoUs have been signed for the potential collaboration between both parties for the supply of materials...

Japan holds electronics fair, low-carbon technology products become major attraction

Japan's annual electronics showcased more than 300 companies. The main attraction of the show was on cutting-edge technologies, which were designed to achieve carbon neutrality.

Highlights

• Japan’s annual electronics fair showcases low carbon ...

LG Energy Solution and Stellantis sign MoU for EV battery production

South Korean battery maker, LG Energy Solution Ltd and Stellantis N.V have signed a memorandum of understanding to set up a plant jointly to produce batteries of electric vehicles.
 

Highlights

• LG Energy Solution Ltd and Stellantis N.V have...

Ford to build three electric-vehicle battery factories, creating 10,800 jobs

Highlights

• 40% to 50% of US. Sales of Ford will be electric by 2030
• Ford is estimated to create 10,800 jobs

Ford is building three major electric-vehicle battery factories and an auto assembly plant by 2025. They are doing this along...

Ola Electric scooters sale crosses Rs 600 crores on first day: Bhavish Aggarwal

Highlights

• Ola S1 and Ola S1 Pro crosses sale of Rs 600 crore
• These scooters were launched in India on August

Ola S1 and Ola S1 Pro electric scooters cross the mark of Rs. 600 crore sales in one day. The CEO of the company, Bhavish A...

Scientists at Stanford University build batteries with six times more capacity

Highlights

• Earlier chloride studies showed poorer battery performance
• If chloride once breaks, it is then difficult to bring it back in the original form

Researchers have found a new alkali metal-chlorine battery, which has the six t...

REPORT: NISSAN IN TALKS OEVR EV BATTERY FACTORY IN UNITED KINGDOM

Highlights:

• Nissan is in talks over the production of an electric car battery factory in United Kingdom
• The discussions have been part of a plan for making Sunderland, the largest high-volume EV site outside Japan

According to a repo...

SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO

Highlights –

• SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
• SKIET has set the IPO price at US$94.60 per share.
• SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
• It ...

LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1

Highlights –

• LG Chem’s net profit increased to $1.2 billion in Q1.
• In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
• LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...

LG ENERGY & GM TO BUILD EV BATTERY FACTORY IN THE U.S

Highlights –

• LG Energy & GM to build EV battery factory in the U.S.
• LG Energy Solution will spend 1.06 trillion won for building the factory.
• The total investment for the new EV factory is expected to be worth 2.7 trillion won.

LG ENERGY & SK INNOVATION’S STOCKS GAINED AFTER EV BATTERY SETTLEMENT

Highlights –

• LG Energy & SK Innovation’s stocks gained after EV battery settlement.
• SK Innovation agreed to pay $1.78 billion to LG Energy under the settlement.
• LG Chem stocks gained 0.62 percent to 817,000 won on Monday tra...

ZENOBE ENERGY TO DEVELOP 100-MW GRID BATTERY IN UNITED KINGDOM

Highlights:

• The company ‘Zenobe Energy’ is going to develop a 100-megawatt grid battery in United Kingdom
• The energy storage plant is going to be the first plant in the world for absorbing the reactive power directly

The ...

INDIAN OIL AND PHINERGY TO MANUFACTURE SPECIAL BATTERIES

HIGHLIGHTS

• Indian Oil and Phinergy have joined hands to manufacture special batteries in India.
• Ashok Leyland and Maruti Suzuki have signed letter of intent with new joint venture for using aluminium-air systems.

Indian Oil and Phine...

S. KOREA’S 3 EV BATTERY MAKERS SAW GLOBAL MARKET SHARES FALL

Highlights –

• S. Korea’s 3 EV battery makers saw global market shares fall.
• LG Energy Solution Ltd. global market share slipped to 19.2 percent.
• SK Innovation Co. global market share fell to 5 percent.
• Samsung SDI Co.&...