Battery Tag

17 Mar Reliance Industries Acquires Cobalt-free Battery Producer Lithium Werks

Posted at 11:06 by Jordy Leo

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...

16 Feb Australian Minerals Recycler Neometals Seeks Dual Listing in London

Posted at 09:24 by Lexy Li

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...

26 Jan LG Energy Solution, GM to Launch Third Joint Battery Plant in the US

Posted at 11:33 by Lexy Li

South Korea's LG Energy Solution (LGES) and US automotive manufacturer General Motors [GM:US] will invest USD2.1bn to build their third joint battery plant in the US, as reported by Reuters on January 25. The two firms intend to invest equally in the new battery plant....

18 Jan Chilean Court Freezes BYD’s Lithium Mining Bid Over Environmental Concerns

Posted at 16:47 by Jordy Leo

A local court of Chile suspended a USD61m lithium mining contract between Chile and Chinese electric vehicle (EV) and battery company BYD [1211:HK] over environmental and economic development concerns, as reported by Caixin on January 16. The suspension came on January 14, just two days...

18 Jan Ten Enterprises Bid for Indian Battery Incentive Scheme

Posted at 14:56 by Jordy Leo

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...

05 Jan Reliance Acquires UK Battery Producer Faradion for Green Transition

Posted at 15:41 by Jordy Leo

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...

22 Dec Hanwha Solutions to Expand Caustic Soda Production for EV Batteries

Posted at 15:29 by Lexy Li

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...

15 Dec Nippon Paper Develops Wood-Pulp Batteries for Small Electronics

Posted at 10:14 by Jordy Leo

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...

13 Dec South Korea’s EcoPro BM to Build Cathode Material Factory in Hungary

Posted at 14:08 by Jordy Leo

EcoPro BM [247540:KS], the largest cathode materials manufacturer in South Korea, announced a plan on December 9 to establish a cathode material plant in Debrecen, Hungary, with an investment of KRW970bn (USD824.1m), as reported by Korea Economic Daily on the next day. The factory is...

10 Dec South Korea’s LG Energy Solution Mulls USD2bn EV Battery Plant in Canada

Posted at 11:07 by Lexy Li

South Korean electric vehicle (EV) battery maker LG Energy Solution (LGES) is in discussion with the government of Ontario in Canada on launching a USD2bn battery plant for EVs, as reported by the Korea Herald on December 9. The plant is part of LGES’s USD4.76bn...

08 Dec Australia’s Infinity Lithium to Collaborate with Germany’s Thyssenkrupp in Green Hydrogen

Posted at 14:16 by Lexy Li

Australia's mineral exploration company Infinity Lithium [INF:AU] announced a deal with a subsidiary of Germany's thyssenkrupp AG [TKA:GR] on producing lithium with green hydrogen, as reported by Reuters on December 6. The two companies will start testing the technology at a factory of thyssenkrupp in...

08 Dec EV Battery Maker LG Energy Solution to Raise USD10.8bn from IPO

Posted at 11:46 by Lexy Li

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...

24 Nov Thailand’s Renewables Firm EA to Open Battery Facility for EV Business

Posted at 11:42 by Lexy Li

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...

22 Nov China to Limit Excessive Production Expansion in Lithium Battery Industry

Posted at 16:37 by Jordy Leo

China’s Ministry of Industry and Information Technology (MIIT) released two draft guidelines on the lithium battery sector for public consultations, aiming to propel technical progress, improve product quality, and reduce manufacturing costs in the industry, as reported by Caixin on November 19. One of the...

27 Oct Foxconn Considers EV Investments in Indonesia with Preliminary Talks

Posted at 14:34 by Una Qu

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...