Last week, acquisition-happy Robert Bosch (see the tidbit in the June 5, 2008 LRSJ) and electronics giant Samsung announced a $520 million joint venture to develop and produce Li-ion batteries in South Korea. The joint venture will be called “SB LiMotive Co. Ltd." and will start operations in Septem...
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News Commentary | September 29, 2021
The company will begin utilizing the materials it recovers by producing both copper current collectors and cathode active materials (CAMs). This announcement comes hot on the heels of a $700 million funding round. Redwood plans to scale to producing 100 GWh of CAM by 2025, then 500 GWh by 2030. For ... Not part of subscription
News Commentary | September 16, 2021
After going public in December 2020, Romeo Power has entered into a long‑term cell supply agreement with LG Energy Solution. The deal will help Romeo Power to develop the battery packs through 2028; however, it will be paying $64.7 million to help build a new assembly line for the manufacturer in ... Not part of subscription
News Commentary | January 07, 2022
Earlier in 2021, Reliance announced a battery production facility in Jamnagar, India, that coincided with a USD 144 million investment in Ambri, despite the firm's low commercial readiness. In contrast, new purchase Faradion has experience using contract manufacturers for its technology and will be ... Not part of subscription