KORE Power kills $1 billion Arizona EV battery factory plans
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KORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
Expand Expanding CloseKORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
Expand Expanding CloseStardust Power (Nasdaq: SDST), a US battery-grade lithium product developer, has officially broken ground on its $1.2 billion lithium refinery in Oklahoma, which will be one of the largest in the US.
The facility will eventually be able to produce up to 50,000 metric tons per year of battery-grade lithium.
Expand Expanding CloseAmprius Technologies just unveiled a new SiCore cell built on its Silicon Anode Platform that boosts battery performance for EVs, electric aviation, and drones.
Expand Expanding CloseThe global shift to electric vehicles (EVs) is accelerating, but McKinsey’s latest report warns of significant strain on the supply chain for critical battery materials by 2030.
Expand Expanding CloseToyota just got a $4.5 million boost from the US Department of Energy (DOE) to make EV batteries more sustainable.
Expand Expanding CloseIn a significant boost for the US EV industry, Ford’s joint venture, BlueOval SK, has closed a $9.63 billion loan from the Department of Energy’s (DOE) Loans Programs Office.
Expand Expanding CloseBMW is expanding an innovative process for reclaiming and reusing EV raw materials in building a brand-new €10 million ($10.4 million) cell recycling center. The new German plant will work to radically slash costs in building EVs and push the company closer to a closed-loop battery cell production.
Expand Expanding CloseResearchers from the Oak Ridge National Laboratory have figured out a way to change the dirtiest fuel out there, coal, into materials to help build batteries for new clean vehicles.
Expand Expanding CloseThe world’s largest EV battery maker wants even more. China’s CATL told its suppliers it would provide funding as it looks to gain market share and overcome an intensifying price war in the EV battery space.
Expand Expanding CloseReal-world driving and charging habits may make EV batteries last longer than researchers previously thought, finds a new Stanford-SLAC study.
Expand Expanding CloseEurope’s vision of building homegrown EV batteries to cut its reliance on China is dying. But China is more than ready to step in where other companies have failed.
Expand Expanding CloseEV battery prices are plummeting, falling faster than most expected. This year will mark the steepest decline since 2017. With new tech and cheaper alternatives hitting the market, electric vehicles will soon be even more affordable than their gas-powered counterparts.
Expand Expanding CloseThe European Commission is throwing a lifeline to its emerging EV battery sector with a hefty boost of €1 billion ($1,05b). But companies relying on Chinese materials are likely to be cut out. Question is, is it too late to save Northvolt?
Expand Expanding CloseThe US Department of Energy (DOE) says it will loan up to $7.54 billion to a Stellantis and Samsung SDI joint venture to help build two EV lithium-ion battery plants in Indiana.
Expand Expanding CloseExxonMobil and LG Chem just announced a big move that could strengthen the US critical mineral supply chain and be a game-changer for EV manufacturers.
Expand Expanding CloseCATL, the world’s largest battery manufacturer, is considering building a localized plant on US soil, but there’s a big “if.” The company’s chairman said he is open to erecting a US battery facility if President-elect Donald Trump paves the way, despite escalating a trade war with China during his first term.
Expand Expanding CloseBattery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs.
Expand Expanding CloseAmprius Technologies has shipped its power-packed A-Sample EV cells to the United States Advanced Battery Consortium (USABC), a research collaboration between major automakers to advance EV battery technology.
Expand Expanding CloseUnder a new agreement inked between Ford and LG, the companies will move production of EV batteries for the Ford Mustang Mach-E from Poland to its Michigan facility in 2025. This (of course) has everything to do with the IRA and tax credits.
Expand Expanding CloseAnthro Energy just secured a $24.9 million grant from the US Department of Energy to help bolster the domestic battery supply chain – a move that will have a big impact on US EV production.
Expand Expanding CloseGM Ventures has invested $10 million in materials science company Forge Nano, which makes Atomic Armor, an innovative EV battery technology.
Expand Expanding CloseSupermaterials trailblazer Lyten will invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Reno, Nevada.
Expand Expanding CloseVolkswagen-backed battery developer 24M Technologies has shared test data showcasing its Impervio separator technology, which helps reduce the risk of EV battery fires. The video footage below shows a side-by-side comparison of conventional EV cells overcharged with and without an Impervio separator in real-time, demonstrating the technology’s potential in the future.
Expand Expanding CloseTwo current titans in the electric mobility industry have utilized an existing joint venture to deliver a fresh battery technology to help EV drivers eventually go farther faster. Today, SAIC-GM and CATL launched a new lithium-iron-phosphate (LFP) battery cell with a 6C multiplier, enabling recharge rates of up to 200km in just five minutes, making it the fastest charging battery cell in China.
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