As presaged earlier in this space (see the May 7, 2008 LRPJ), the long-awaited A123Systems IPO is finally official: The company recently filed documents with the Securities and Exchange Commission for a $175 million IPO to be listed on the NASDAQ under the ticker AONE. Since A123Systems has been a p...
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News Commentary | April 12, 2021
Romeo Power announced a long‑term supply agreement with PACCAR to provide battery packs, modules, and battery management systems (BMS) for PACCAR's battery electric vehicles (BEVs). Under the agreement, Romeo Power will be a battery supplier for Peterbilt 579 and 520 BEVs in the U.S. and Canada ... Not part of subscription
News Commentary | November 29, 2021
Previously, Johnson Matthey (JM) had pursued commercialization of lithium‑nickel oxide cathodes, investing roughly $200 million in research and development to date. In an abrupt move, JM announced it would exit the battery business, citing two key reasons. First and foremost, being competitive with ... Not part of subscription
News Commentary | December 16, 2021
VW announced an offtake deal with Vulcan Energy Resources for CO2‑neutral lithium, a joint venture with Umicore to produce cathode materials, and an investment in semisolid battery developer 24M. VW's investment in 24M is a long‑term one, with the potential to adopt 24M's technology toward the end ... Not part of subscription