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Start-ups secure funding to drive lithium-ion battery market in India

Wed, 01/20/2021 - 15:06 -- Paul Crompton

Lithium-ion electric vehicle battery manufacturing and recycling start-up Lohum Cleantech has raised $7 million to expand its manufacturing and recycling capabilities and expand its presence to the US in the coming months.

The New Delhi, India, firm secured the cash during a round of funding from institutional investors led by Baring Private Equity Partners (BPEP). 

Lohum aims to increase its combined manufacturing and recycling capacity to 700MWh, from 150MWh for the former and 150MWh for the latter. 

Its manufacturing plant in Greater Noida has the capacity to produce battery packs for 75,000 electric two-wheelers, according to Lohum CEO Rajat Verma.

Verma told the Indian English language newspaper The Economic Times the company was looking to raise an additional $20 million in funding (INR 150 Crore) over the next year. 

Lohum assembles lithium-ion batteries from cells imported from other countries, including China and Taiwan.

It follows Mumbai-based electric vehicle and energy storage company Gegadyne raising $5 million in strategic investment from electrical appliances giant V-Guard. 

This investment will enable Gegadyne Energy to scale up its operations and further enhance research and development.

Founded in 2015, Gegadyne says its battery consists of proprietary nano-material composites and ‘advanced battery architectures’ that enable quick charging batteries with high energy density similar to lithium-ion batteries.

However, it is not clear what chemistry its battery uses but it claims to be able to charge in 15 minutes.

JAC Motors partners with CBAK to design lithium-ion batteries for China’s EV market

Mon, 01/18/2021 - 10:55 -- Paul Crompton

China-based lithium-ion battery manufacturer CBAK Energy Technology has signed a three-year strategic agreement with state-owned vehicle OEM Anhui Jianghuai Automobile Group (JAC Motors).

The strategic agreement will combine the former's battery knowledge in the research, development, and manufacturing of battery cells with the latter's technology capabilities in the electric vehicle industry. 

 

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BYD builds on its closed loop dream with second-life lithium-ion battery partnership

Tue, 01/05/2021 - 14:34 -- Paul Crompton

Chinese battery OEM and electric vehicle maker BYD will transform old batteries into energy storage systems through a partnership with Chinese lithium-ion recycling start-up Pandpower and Japanese trading house Itochu.

Old battery packs from buses, taxis and other vehicles manufactured by BYD will be collected from dealerships across China and turned into ship-container-sized power units for renewable energy and factories.

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Tests of graphite enhanced lithium-ion cells show EV pack boosting promise

Wed, 12/09/2020 - 12:04 -- Paul Crompton

Cycling test results of complete prototype-type lithium-ion batteries using graphite producer Mason Graphite’s coated spherical graphite show promising results for electric vehicle applications.

Pouch cells made with graphite in the anode have maintained 86% of their original capacity after 470 cycles of charge and discharge say the Canadian company.

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VW breaks ground on Lab to develop and test US focused lithium-ion EV batteries

Mon, 11/16/2020 - 15:10 -- Paul Crompton

Vehicle OEM Volkswagen of America, a subsidiary of Volkswagen Group, has begun building its first lithium-ion battery testing facility outside of Europe or Asia to ensure “better tuned” cells for the US electric vehicle market.

The $22 million Battery Engineering Lab at its Chattanooga Engineering and Planning Center in the US state of Tennessee will test and validate electric vehicle cells and battery packs for the North American market.

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Inobat launches lithium-ion pouch cell designed within 12 months using AI and HTP

Tue, 10/27/2020 - 13:03 -- Paul Crompton

European EV battery producer InoBat Auto launched the world’s first electric vehicle lithium-ion battery designed using artificial intelligence and high-throughput technology on 9 October.

The Slovakian firm developed the ‘intelligent’ batteries within a year of using processes that identify the optimum cell chemistry to meet the exact needs of an individual vehicle or automaker. 

InoBat will begin manufacturing the 265Wh/kg lithium-ion pouch cells from next year.

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Hyundai and SK Innovation partner to develop EV lithium-ion battery industry ecosystem

Fri, 09/11/2020 - 10:31 -- Paul Crompton

Vehicle OEM Hyundai Motor Group and lithium-ion battery maker SK Innovation will partner to create a battery value chain and strengthen eco-friendliness of electric vehicle batteries.

The South Korean firms have agreed to cooperate in the development of a sustainable ecosystem for electric vehicle (EV) batteries and create acycle of battery usage known as the Battery as a Service (BaaS), which includes lease or rental service. 

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Connected Energy to deploy second-life battery ESS for real-time energy use and research project

Thu, 07/23/2020 - 11:59 -- Paul Crompton

Second-life battery developer Connected Energy is set to install an energy storage system in the UK using 24 used Renault Kangoo electric vehicle battery packs.

The £20 million ($25 million) 300kW/360kWh E-STOR system will help optimise energy use and peak loads across a system including PV, EV chargers and heating, ventilation, and air conditioning (HVAC).

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BMW Group inks deal to secure ‘ethically’ sourced cobalt supply from Morocco

Fri, 07/17/2020 - 09:54 -- Paul Crompton

Vehicle OEM BMW Group has signed a €100 million supply deal to secure a ethically sourced cobalt supply from Morocco as the company extends its electric vehicle fleet.

The supply contract will see BMW firm source around a fifth of its cobalt needs for its electric drive trains from Moroccan mining company Managem Group. 

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SAIC-GM-Wuling builds ESS using retired EV batteries

Fri, 07/10/2020 - 10:36 -- Paul Crompton

SAIC-GM-Wulin— the joint venture between US firm GM Motors and China’s SAIC Motor Corporation— has created a 1MWh storage facility using second-life lithium-ion electric vehicle battery packs.

The 250kW power station is using batteries from the development of SAIC-GM-Wuling’s Baojun E100 and E200 electric vehicles. 

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