The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.
Chinese lithium battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a CNY13.12 billion ($1.98bn) initial public offering to expand its automotive battery business.
The head of US lead-acid battery recycling start-up Aqua Metals has admitted the firm is “significantly behind schedule” in its production plans.
UK-based residential energy storage firm Moixa has been awarded GBP267,750 ($350,771) in government ‘entrepreneurial funding’ to expand its ‘GridShare’ cloud-based virtual power plant.
LG Chem has reportedly invested KRW1 billion ($897,000) to acquire a 10% stake in South Korean nickel sulfate supplier company Kemco, with the aim of boosting its lithium-ion battery business for the electric vehicles market.
Australia-headquartered lithium and flow battery developer UltraCharge has told BBB it is finalising a raise of AUD2.5 million ($1.9m) to boost battery tech investments.
A Chinese renewables firm has unveiled plans to build two crystalline silicon battery-manufacturing plants in the country with a total investment of CNY12 billion ($1.8bn).
Japan-based lead-acid battery manufacturer GS Yuasa has told investors it is on track to expand production in at least three other countries as it marks 100 years of operations.
Indian firm EPAL and Swiss battery maker Leclanché are jointly investing $12 million in a lithium battery storage facility nearing completion in in Canada’s Ontario province.
The board of Chinese battery maker Narada Power has given the green light for plans to launch a commercial lithium-ion batteries and “new energy materials” recycling subsidiary.