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Lithium-ion

CATL ‘gets IPO green light’ for battery investments

Mon, 04/09/2018 - 11:22 -- John Shepherd
CATL ‘gets IPO green light’ for battery investments

China’s securities regulator has reportedly approved a planned CNY13.12 billion ($1.98bn) initial public offering by lithium battery giant, Contemporary Amperex Technology (CATL), to expand its automotive battery business.

The China Securities Regulatory Commission (CSRC) gave CATL’s application the green light on 4 April, the state Xinhua News Agency said.

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Li-powered hoverboards top fire risk concerns in US

Mon, 04/09/2018 - 10:51 -- John Shepherd
Li-powered hoverboards top fire risk concerns in US

Consumer safety chiefs in the US have issued a fresh warning about fire risks from a range of lithium-ion powered devices and toys— with hoverboards at the top of the list of concerns.

Hoverboard importers, retailers and distributors in the US have been urged to review product safety standards after US Consumer Product Safety Commission (CPSC) data showed the toys— also known as self-balancing electric scooters— were responsible for more than 280 fires in the country since 2015 and three deaths.

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North Carolina installs GridStar BESS with solar

Tue, 04/03/2018 - 12:12 -- John Shepherd
North Carolina installs GridStar BESS with solar

Lockheed Martin and Cypress Creek Renewables have commissioned 12MWh of GridStar lithium-ion energy storage systems for 12 solar-plus-storage projects in North Carolina.

Lockheed said the system will serve communities supplied by the Brunswick Electric Membership Corporation utility.

 

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BYD plans China battery recycling plant

Tue, 04/03/2018 - 11:38 -- John Shepherd
BYD plans China battery recycling plant

Chinese electric vehicle maker BYD has confirmed plans to open a battery recycling plant in Shanghai.

A BYD spokesperson told BBB the plant would go ahead but said a date for the project’s start had yet to be fixed.

 

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Uber plans for electric flying taxis strictly for the birds?

Tue, 04/03/2018 - 11:33 -- John Shepherd
Uber plans for electric flying taxis strictly for the birds?

Flushed with its success in the global taxi business, Uber believes the sky is the limit for its next big venture— battery-powered flying cabs.

The company’s plans for its new service to start “full-scale operations” in some cities within the next 12-15 years were unveiled to some of the world’s leading battery experts at last week’s Florida International Battery Seminar & Exhibit.

 

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China’s Camel invests in Li-battery recycling pilot

Mon, 03/19/2018 - 11:55 -- Xuan Zhong
China’s Camel invests in Li-battery recycling pilot

Chinese lead-acid battery giant Camel is to build a pilot lithium-ion battery recycling and anode material production plant in Central China.

Camel said plans for the CNY5 billion ($791 million) facility is part of a “framework agreement”, signed with Hubei Province’s Gucheng County government, to create an industrial park for recycling and “cascade utilisation” of used lithium-ion batteries from electric vehicles, as well as the regeneration of battery materials.

 

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Amazon recalls Li-ion power bank chargers

Mon, 03/19/2018 - 11:53 -- John Shepherd
Amazon recalls Li-ion power bank chargers

Amazon has recalled around 260,000 of its own-brand lithium-ion power bank chargers amid warnings that the battery can “overheat and ignite, posing fire and burn hazards”.

The recall came after the US Consumer Product Safety Commission (CPSC) said there had been 53 reports of the China-made power banks (pictured) overheating in the US— including one report of chemical burns due to contact with battery acid and four reports of property damage, including fire and smoke damage.

 

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Investment firm plans multi-million energy storage cash raise

Mon, 03/19/2018 - 11:38 -- John Shepherd
Investment firm plans multi-million energy storage cash raise

UK-based investment firm Gore Street Energy Storage Fund has unveiled plans to raise GBP100 million ($139m) in an initial public offering to invest in utility-scale energy storage projects.

Gore Street said it would raise funds on the main market of the London Stock Exchange to invest “mainly in the UK”— but would also consider projects in North America and Western Europe.

 

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Mercedes-Benz invests in Thai EV battery plant

Mon, 03/19/2018 - 11:32 -- John Shepherd
Mercedes-Benz invests in Thai EV battery plant

German auto giant Mercedes-Benz is to invest in a lithium-ion battery assembly plant in Thailand for its plug-in hybrid electric vehicles (PHEVs).

Andreas Lettner, CEO of Mercedes-Benz Manufacturing Thailand, told the Bangkok Post the EUR100 million ($122m) Samut Prakan facility is scheduled to start operations in early 2019.

 

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German battery chiefs warn EU over Giga cash dash for lithium

Mon, 02/19/2018 - 11:21 -- John Shepherd
German battery chiefs warn EU over Giga cash dash for lithium

Battery industry leaders in Germany say there is currently “no business case” for “politically-inspired” plans by the European Union to build at least 10 Gigafactories across the bloc for lithium-based batteries.

EU energy chief Maroš Šefčovič said last week the Gigafactories would be needed to produce “green European batteries” for new electric vehicles produced in Europe— and to combat Asia’s increasing dominance in the EV batteries sector.

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