We've heard from multiple sources that lithium-ion battery manufacturer A123Systems will be pulling its S-1, postponing its IPO indefinitely, and is currently looking for additional private financing in what will almost certainly be a significant down-round compared to the $102 million the company r...
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News Commentary | March 05, 2021
Indian electric rickshaw ride‑hailing company Oye Rickshaw is launching a battery swapping platform that aims to deploy 10,000 Li‑Ion batteries by December of this year. The announcement trails a reportedly successful battery swapping pilot that the company launched in December 2020, enabling more ... 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 | 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