CNN — President Joe Biden and Energy Secretary Jennifer Granholm announced two actions Wednesday aimed at lowering costs amid inflation by targeting domestic battery supply chains – new efforts the administration is rolling out 20 days before the midterm elections The Department of Energy is awarding $2.8 billion in grants from the bipartisan infrastructure law … Read more
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The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Visual Capitalist’s Bruno Venditti and Sabrina Lam have updated their previous infographic to … Read more
When Britishvolt was formed three years ago with the ambitions of spearheading the UK’s battery industry, it had nothing: no factory site, no in-house technology, no customers and precious little funding. Since then, it has worked to piece together the building blocks that will, it hopes, one day transform it into a credible business. The … Read more
Article content (Bloomberg) — Volkswagen AG is deepening its European battery supply chain with a 3 billion-euro ($2.9 billion) joint venture to make battery materials that feed growing electric-car demand amid tightening legislation on local production. Article content The equal venture with Belgium’s Umicore SA, which will supply VW’s upcoming battery cell factories in Germany … Read more
Some leading South Korean battery recycling companies have made strong stock market debuts as they target overseas expansion during a global scramble for EV metals. Shares of SungEel HiTEch and rival Sebit Chem have more than tripled since their listings in late July and early August, respectively. WCP, the country’s second-largest battery separator maker, is … Read more
Longtime magazine columnist E. Jean Carroll, who accused former President Donald Trump of raping her in a department store dressing room in the 1990s, plans to file a new lawsuit under a new New York law. New York legislators in May passed a law that gives adult sexual assault victims, those 18 or older at … Read more
Text size Freyr can be a serious battery player in years to come, says Morgan Stanley’s Adam Jonas. FREYR Stock in Norwegian battery start-up Freyr Battery is getting a boost from a new bullish call from a Wall Street automotive analyst. Wednesday, Morgan Stanley analyst Adam Jonas raised his stock-price target for Freyr (ticker: FREY) … Read more
da-kuk FREYR Battery (NYSE:FREY) is one of the companies that stood out to Morgan Stanley at the firm’s 10th Annual Laguna Conference. Analyst Adam Jonas and team conceded that FREY is a company with no revenue and is still working on completing its Customer Qualification Plant. The Giga Arctic plant is also noted to be … Read more
Article content Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric vehicle industry, battery cells, according to Markus Heyn, head of mobility services for Robert Bosch GmbH. Article content “We’re currently seeing the consequences of the gas shortage for Germany and … Read more