Michigan-based EV battery startup ONE, Our Next Energy – considered one of the most valuable privately held companies in the US and Biden’s darling for homegrown batteries – is once again cutting its workforce after months of problems.
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Michigan-based EV battery startup ONE, Our Next Energy, has been touted as “a poster child” of President Biden’s agenda to wean the US off its dependence on China by building batteries in the US, and bringing a flood of new clean tech jobs with it. But after a wave of layoffs and a loss of funding, the company has announced a new CEO. It is replacing its CEO and founder Mujeeb Ijaz, known for his dazzling genius in the field of battery engineering, with a seasoned executive and board member.
BMW is going to be testing an iX electric SUV with 600 miles (965 km) of range enabled by a new battery chemistry from Our Next Energy (ONE).
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Our Next Energy, also known as ONE, installed one of its battery packs in a Tesla Model S and managed to have it travel 752 miles on a single charge.