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China’s Camel to join Nissan battery buyout deal

Mon, 09/11/2017 - 11:38 -- Xuan Zhong
China’s Camel to join Nissan battery buyout deal

Camel Group has become the latest Chinese battery maker set to invest in the takeover of Nissan’s battery business led by private equity firm GSR Capital Advisors.

The announcement came after Zhejiang Unifull Industrial Fibre said it too would invest as a partner in the buyout deal.

 

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Chinese firm joins Nissan battery buyout deal

Wed, 08/30/2017 - 10:20 -- News Editor
Chinese firm joins Nissan battery buyout deal

A Chinese lithium battery manufacturer is chipping in up to $100 million to join the takeover of Nissan’s battery business by Chinese private equity firm GSR Capital Advisors.

Zhejiang Unifull Industrial Fibre said in a stock exchange filing it had signed a framework agreement with GSR Capital to become a partner in funding the Nissan deal, which Nissan confirmed earlier this month.

 

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Strong stop-start battery shipments boost JCI sales

Tue, 08/08/2017 - 10:43 -- News Editor
Strong stop-start battery shipments boost JCI sales

Strong shipments of stop-start batteries boosted Johnson Controls International’s performance in its fiscal third quarter.

Adjusted earnings before interest and taxes for the US tech giant’s Power Solutions division, which includes the lead-acid battery recycling business, rose 8.6% to $304 million for the three months to June 30 from $280 million in Q3 2016.

 

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Honda recall over battery sensors

Thu, 07/27/2017 - 09:36 -- News Editor
Honda recall over battery sensors

Honda is recalling some 2.1 million of its Accord cars worldwide, including 1.15m in the US, over problems that could lead to battery sensors short circuiting and catching fire.

Honda said the recall covers vehicles from the years 2013-16 with 12-volt battery sensors, which will be replaced free.

 

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Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Tue, 07/18/2017 - 10:50 -- News Editor
Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Switzerland-based mining company Glencore has reportedly signed a deal to supply cobalt materials to a Chinese lithium battery manufacturer – who would in turn sell batteries for Volkswagen’s (VW) electric vehicles.

According to Reuters, the deal would see Glencore sell up to 20,000 tonnes of cobalt products to CATL (Contemporary Amperex Technology Co Ltd), a China-based battery giant who also supplies EV batteries to carmaker BMW.

 

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In-depth report exposes lithium-ion fake news

Mon, 07/17/2017 - 11:09 -- News Editor
In-depth report exposes lithium-ion fake news

A damning critique of some of the half-truths the lithium-ion battery industry has disseminated in technical media and online is presented in the summer’s issue of Batteries and Energy Storage Technology Magazine.

Written by Dr Mike McDonagh, the publication’s technical editor, the article, entitled True Li-es, pours cold water on some of the general claims made by the industry that have made it the chemistry of choice for large-scale energy storage projects— vital for the widespread introduction of renewables.

 

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Battery investment boost for Moixa

Thu, 07/06/2017 - 12:47 -- News Editor
Battery investment boost for Moixa

UK-based residential energy storage firm Moixa has secured a total of £2.5 million ($3.2 million) in new investment towards its goal of creating “a virtual power plant and aggregating the capacity of 100,000 home batteries”.

The lion’s share of the investment, £1.5 million ($1.9 million), has come in equity investment including £500,000 ($649,000) from Japan’s Tokyo Electric Power Company (Tepco) and a further £500,000 ($649,000) from venture capital investment firm First Imagine Ventures.

 

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BAIC ‘in batteries purchase deal’

Wed, 07/05/2017 - 12:47 -- News Editor
BAIC ‘in batteries purchase deal’

China’s automaker BAIC BJEV is set to purchase 80,000 automotive batteries, worth a total of CNY3.7 billion ($541.6 million), from renewable battery system supplier Pride by the end of this year, according to Chinese media.

Sohu reported that Pride, a wholly-owned subsidiary of Guangdong Dongfang Precision Science & Technology, a China-based printing machine maker, has signed a strategic procurement contract for 2017 with the leading new energy vehicle manufacturer.

 

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A $178 million for Chinese lithium recycling

Wed, 04/05/2017 - 09:31 -- Xuan Zhong
A $178 million for Chinese lithium recycling

As concern increases over the growing problem of scrap lithium-ion batteries, Chinese recycler Guangdong Brunp Recycling Technology is investing ¥1.2 billion ($178 million) to build a 100,000 tons waste battery plant in Changsha, Hunan Province.

The factory that is under construction is the fifth phase of the company’s recycling project and is expected to be finished in 18 months.

 

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