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Hyundai backs solid-state with Ionic investment

Wed, 07/18/2018 - 09:28 -- Xuan Zhong
Hyundai backs solid-state with Ionic investment

South Korean car giant Hyundai has made an undisclosed investment in US-based Ionic Materials’ development of solid-state battery tech for electric vehicles (EV).

The investment by Hyundai’s business innovations arm— Hyundai Cradle— will keep the car firm “at the forefront of battery development, allowing us to build better eco-friendly vehicles”, said vice-president John Suh.

 

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Camel to expand lead recycling

Thu, 06/21/2018 - 09:40 -- Xuan Zhong
Camel to expand lead recycling

Chinese battery maker the Camel Group has announced plans to boost investment in lead-acid recycling over the next three years.

The company said in a Shanghai Stock Exchange announcement it is set to spend CNY1.5 billion ($234 million) on building three recycling and production sites— one in the eastern Anhui Province and the others in the northeast and southwest of the country.

 

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Redflow to scale up battery making with cash raise

Tue, 05/01/2018 - 11:11 -- Xuan Zhong
Redflow to scale up battery making with cash raise

Australian flow battery maker Redflow is raising AUD18.1 million ($13.6m) to “scale up battery production and grow Australian and international sales”.

The Brisbane-based company said on 26 April it was raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders.

 

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Investors banking billions in batteries, says report

Tue, 05/01/2018 - 11:09 -- Xuan Zhong
Investors banking billions in batteries, says report

Battery companies sucked in a multi-billion-dollar boost from investors eager to grab a slice of the storage market in 2017, according to a new report.

The Mercom Capital Group said $1.03 billion was raised by battery storage, smart grid, and efficiency firms in the first half of 2017— compared to $807 million in the first half of 2016.

 

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Century Yuasa ‘plans lead line expansion’

Tue, 04/24/2018 - 10:02 -- Xuan Zhong
Century Yuasa ‘plans lead line expansion’

Australia-based battery manufacturer Century Yuasa reportedly plans a multi-million dollar investment to expand its production of lead-acid battery plates.

Century Yuasa’s general manager of operations, Matthieu Anquetil, told Australia’s Courier Mailthe company will invest AUD6m ($4.6m) in a new line at the company’s Carole Park factory in Brisbane.

 

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Leoch-DBS Energy venture targets UK battery business

Mon, 02/05/2018 - 11:18 -- John Shepherd
Leoch-DBS Energy venture targets UK battery business

Hong Kong-listed battery giant Leoch International Technology has invested in UK-based battery distributor DBS Energy to target sales to the country’s industrial market.

Leoch said the companies had formed a joint venture— DBS Leoch— to “significantly grow its business and become one of the leading suppliers of batteries” to UK industry.

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New fund ‘to target EV battery investments’

Mon, 01/22/2018 - 12:06 -- John Shepherd
New fund ‘to target EV battery investments’

A new equities fund targeting investments in batteries and raw materials to support the development of electric vehicles is reportedly set for launch next month.

The ‘Westbeck Electric Metals Fund’, backed by oil-focused hedge fund company Westbeck Capital Management, aims to raise $100 million in 2018, according to Reuters.

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Investment boost for UK second-life EV BESS firm

Mon, 01/22/2018 - 12:01 -- Xuan Zhong
Investment boost for UK second-life EV BESS firm

UK firm Connected Energy (CE) has secured a GBP3 million ($4.1m) investment boost for the development of its E-STOR energy storage system that uses 'second-life' lithium-ion electric vehicle batteries.

CE said the cash injection from Australian investment banking company Macquarie Group and French electric utility ENGIE will provide “working capital” to help its “ambitious growth plans in the UK and Europe.”

 

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China firm plans investment in US Li-S battery developer

Mon, 01/22/2018 - 11:21 -- Xuan Zhong
China firm plans investment in US Li-S battery developer

Hong Kong-listed investment holding company China Innovation has announced plans to buy a stake in Illinois-based battery developer Power Energy Solutions (PES).

Both companies have signed an investment framework agreement, under which China Innovation said it will purchase an undisclosed amount of shares in PES.

 

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Car alliance sees solid-state batteries’ potential

Thu, 01/18/2018 - 09:40 -- Xuan Zhong
Car alliance sees solid-state batteries’ potential

International automotive alliance Renault-Nissan-Mitsubishi has announced is to invest in a US battery materials firm as part of its a venture capital funding programme.

The alliance aims to invest up to $1 billion to support “open innovation” over the next five years. However, the companies declined to give details of its investment in Massachusetts-based Ionic Materials— which is developing a solid polymer electrolyte it says enables improved performance and cost effectiveness of high-energy density batteries for automotive and other applications.

 

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