Inobat plans new battery facility with Serbian government

Inobat plans new battery facility with Serbian government

Slovakian battery company Inobat and the Serbian government have signed multiple letters of intent to build an EV battery cell production facility in the country. Inobat is exploring multiple locations in Europe, having signed similar agreements with the Spanish government in October this year. The company also secured incentives for a joint venture with US-based EV adoption company Ideanomics in the same month…

 

 

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Volvo Group and Pilot Company establish North American charging network partnership

Volvo Group and Pilot Company establish North American charging network partnership

Swedish vehicle manufacturer Volvo Group and US-based petroleum corporation Pilot Company have signed a letter of intent to develop a network of public charging infrastructure for medium and heavy-duty vehicles in North America. The partnership will combine Volvo’s experience in Class 8 battery electric trucks and charging solutions with Pilot Company’s network of refuelling stations to enable widespread electrification of medium and heavy-duty transport in the region.

The high-performance charging stations will be deployed at selected Pilot and Flying J travel centres…

 

 

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Image Credit: Volvo Group

SK On bolsters lithium supply via deal with SQM

SK On bolsters lithium supply via deal with SQM

On Monday 7th November 2022, the Korean EV battery manufacturer SK On signed a five-year lithium supply deal with Chilean lithium and chemicals company SQM. The supply is set to begin in 2023 and will see SK On purchase up to 57,000 tonnes of battery-grade lithium hydroxide from SQM – enough to supply roughly 1.2 million EV batteries. The Korean company noted SQM’s ESG credentials as a motivator for cooperation.

The two companies also agreed to discuss further cooperation in the mid and long term on areas such as additional lithium supply, potential investment in production plants and waste battery recycling. Having recently agreed lithium supply deals with…

 

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VinES and Li-Cycle enter strategic recycling alliance

VinES and Li-Cycle enter strategic recycling alliance

On the 3rd October 2022, advanced battery research, development and manufacturing company VinES Energy Solutions and leading lithium ion battery recycling firm Li-Cycle Holdings Corp. launched a global recycling partnership to make progress towards a closed-loop battery recycling supply chain. VinES and VinFast, a global EV manufacturer and fellow member of the Vietnam’s largest private corporation Vingroup, will look to capitalise on Li-Cycle’s advanced Spoke and Hub network strategy which has led to the US-based company growing to the current North American battery recycling market leader.

Both parties of the newly announced strategic alliance have been expanding their respective North American operations. Vinfast began the construction of a new EV production facility in North Carolina which is expected to…

 

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Image credit: Li-Cycle

Energy Transition Finance Tracker – October 2022

Below is Rho Motion’s Energy Transition Finance Tracker, for October 2022. We track energy transition related companies going public through IPO or a merger with a SPAC, in order to provide a monthly update on market status.

 

A comprehensive version of our Energy Transition Capital Tracker is published every month on our Membership Platform. Click here to enquire about Membership.

 

 

 

GM and OneD Battery Sciences enter silicone anode R&D agreement

GM and OneD Battery Sciences enter silicone anode R&D agreement

General Motors (GM) and OneD Battery Sciences, a California-based battery development company, have entered a joint research and development agreement to increase energy density and reduce production costs in future GM EV batteries. The joint R&D will focus on the potential use of OneD’s “SINANODE” silicon nanotechnology in GM’s Ultium battery cells. The advanced technology adds more silicon onto the anode battery cells by fusing silicon nanowires directly to the graphite anode, resulting in significant increases in energy density. The battery development company already has over 240 granted patents on its technology, and plans to licence SINANODE products to industrial partners to scale manufacturing faster and at lower cost.

GM plans to increase production capacity of its Ultium EV platform in North America to one million units per year by 2025, and has begun production at its first Ultium cell plant earlier this year with two further facilities under construction and a fourth site in the planning stages. GM Ventures also participated in OneD’s Series C funding round, which closed at USD25 million…

 

 

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Image credit: Adobe Stock