Battery Tag

Indian refining giant Reliance Industries [RELIANCE:US] has acquired Dutch battery producer Lithium Werks for USD61m through its green business arm Reliance New Energy, as reported by Reuters on March 15. Lithium Werks produces high-performance lithium iron phosphate (LFP) batteries that are cobalt-free. The transaction will...

Australia-based mineral project developer Neometals [NMT:AU] is seeking a secondary listing on the London Stock Exchange (LSE), as reported by Bloomberg on February 14. Neometals, which possesses technology for recycling lithium-ion batteries and vanadium, believes the IPO will benefit from UK and European investors' interests...

Ten companies, including India’s Reliance Industries [RIL:IN], Softbank-backed [9984:JP] Ola Electric, and Hyundai Global Motors [5380:KS], have submitted bids under India’s USD2.4bn battery scheme for clean transport, as reported by Economic Times on January 17. India’s Ministry of Heavy Industries announced that these ten enterprises...

Reliance Industries [RIL:IN], the largest publicly traded company in India, has signed definitive agreements to acquire a 100% equity in UK sodium-ion battery technology firm Faradion for GBP100m (USD135m), as reported by Bloomberg on December 31. Moreover, Reliance will inject an additional GBP25m (USD33.75m) into...

South Korean Petrochemical Company Hanwha Solutions [9830:KS] announced a USD282.3m investment plan to expand the production of caustic soda, as reported by the Korea Herald on December 21. Caustic soda is a chemical material widely used as a purifying agent in manufacturing rechargeable batteries, such...

Japanese paper manufacturer Nippon Paper [3893:JP] has successfully lit an electric bulb with its self-developed battery made of cellulose nanofibers refined from wood pulp, as reported by Nikkei Asia on December 12. The wood-pulp battery serves as a supercapacitor in which nanofibers store and release...

South Korean electric vehicle (EV) battery maker LG Energy Solution (LGES) set its IPO price at KRW257,000 (USD218.2) to KRW300,000 (USD254.7) per share, aiming to raise KRW10.9tr (USD9.2bn) to KRW12.8tr (USD10.8bn) in January, as reported by the Korea Economic Daily on December 7. On the...

Thailand’s renewable energy developer Energy Absolute PLC (EA) [EA:TB] will officially launch its battery and energy storage system (ESS) production factory on December 12, as reported by Bangkok Post on November 23. The lithium-ion battery factory, totaling THB6bn, will produce one gigawatt-hour (GWh) of batteries...

Foxconn [2354:TT] held preliminary talks with Indonesia regarding building an electric vehicle (EV) manufacturing factory in the country, as reported by Sina on October 25. Indonesia’s Investment Coordinating Board (BKPM) claimed that Foxconn planned to develop its EV and battery businesses in the country, while...

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