Chinese battery maker the Camel Group is investing EUR30 million ($35.3m) in Croatian electric vehicle technology firm Rimac Automobil.
Zagreb-based Rimac, whose products include battery packs and battery management systems for the automotive, nautical and bicycle markets, said the deal represented the “single largest foreign direct investment in a Croatian technology company”.
Two former Tesla workers are set to beat their former employee in making lithium-ion cells for electric vehicle and energy storage applications in Europe.
Northvolt AB’s ambitious plans to build Europe's first Gigafactory in Sweden were given a boost when investment firm InnoEnergy, announced a €3.5million (around 35MSEK or $3.7million) investment.
With thousands of cells in a typical electric vehicle battery pack, reducing the use of individual parts would be a game changer for the industry.
Researchers at a German University may have done just that with a sensor system that could reduce cost and increase the energy density of lithium-ion batteries.
The system currently exists as a laboratory prototype.
The need to sate global lithium-ion requirements saw China’s battery prices rise alongside increasing demands from the electric vehicle market.
Vehicle OEM Jaguar Land Rover have revealed plans to build an electric vehicle and lithium-ion battery manufacturing plant in the heart of England, according to reports.
JLR has already outlined a £500million, 30-acre, expansion plan in Coventry, but now the vehicle maker wants to go one step further.
A Chinese firefighting firm is aiming to secure its share of the electric vehicle market after buying a LiFePO4 battery company and buying stock in a lithium concentrates firm.
Shaanxi J&R Optimum Energy, a fire protection system solutions company bought a 19.9% share of Australian mining firm Altura Mining for AUS$41.6 million ($30.69 million), reported the China Daily newspaper.
Electric vehicle and energy storage firm Tesla is moving into the grid-scale energy storage market with two deals to supply lithium-ion systems.
The first is to develop a 20MW/80MWh utility-scale system for electricity company Southern California Edison Co.