Competition chiefs in Chile have launched a probe into a deal that would see China’s Tianqi Lithium become a key shareholder of the world’s second largest producer of lithium.
Tianqi confirmed last month it had agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien— in a move to strengthen Chinese influence on the battery raw materials market.
South Africa-based automotive and energy storage group Metair Investments has launched a EUR300 million ($353m) bid to acquire European lead battery firm Tovarna Akumulatorskih Baterij (TAB).
Metair said the bid is still “in the early stages”— but confirmed it is in exclusive talks that could see it take control of and expand TAB’s international automotive batteries and energy storage business.
German auto giant Daimler is investing in a second battery and car production plant in Beijing with its Chinese state-owned automobile partner BAIC.
Daimler told BBB the companies would jointly invest more than CNY11.9 billion ($1.9bn) in the new facility at their Beijing Benz Automotive (BBAC) joint venture making lithium-ion batteries and “high-quality premium vehicles” for Daimler’s Mercedes-Benz brand.
A Florida-based investment firm has acquired a majority stake in Irish battery storage and off-grid power supplier HYbrid Energy Solutions (HES) for an undisclosed sum.
CJJ Hybrid Investments, led by the chairman of US mobile power company APR Energy, John Campion (pictured), said it had made “a sizeable financial commitment to HES”— which has a portfolio of more than 16GWh of lithium-ion battery storage capacity in place.
South Korea’s battery manufacturer iQ Power Asia Inc. has been acquired by Vancouver-based lead-acid battery maker Discover Energy and will operates as a subsidiary under a new name.
The new business is called Discover MIXTECH Manufacturing Co Ltd and will be led by Steve Nam, the South Korean manufacturing site helps secure Discover’s global supply of automotive and commercial batteries.
Bulgarian lead-acid battery manufacturer Monbat is to acquire Italian battery recycling company Piombifera Italiana for an undisclosed sum.
The acquisition, to be made through Monbat’s recycling subsidiary, was triggered by “the increased demand for raw materials for the production of lead batteries”, Monbat said in a statement to Bulgaria’s Financial Supervision Commission.
London-listed investment company TRIG has acquired 100% of an energy storage project in Scotland for GBP20 million ($26m) from renewable energy developer RES (Renewable Energy Systems).
The 20MW energy storage site in Broxburn, equipped with Samsung SDI’s lithium-ion technology, was developed and will be operated by RES.
Sodium-ion batteries manufacturer Aquion Energy is back in operation – under new ownership and with a new name – after emerging from Chapter 11 bankruptcy in the US.
Aquion, now known as AEI Winddown, has been acquired in a bankruptcy auction by “a majority-American joint venture” for what Bloomberg said was $9.16 million.