German lithium-ion battery developer and producer BMZ has signed a long-term battery cells supply deal with South Korea’s LG Chem.
BMZ said the contract covered supplies of “over a few hundred million cells” by the end of 2022 for products in the electro mobility and energy storage markets.
Japanese holding company SoftBank has signed an agreement to acquire a stake of up to 9.9% in Canada’s Nemaska Lithium.
SoftBank said the undisclosed investment amount in the lithium development firm will help to meet growing demand for batteries uses in electric devices and electric vehicles.
The growing impact of lithium-ion power in the traditional lead acid traction market could be seen last week at Modex in Atlanta— a major US supply chain trade fair.
Exide, one of the USA’s big four and predominantly lead-acid makes, launched a lithium-ion battery aimed the forklift and autonomous guided vehicle market while Navitas announced a lithium-ion deal with Hyster— one of the largest global players in materials handling equipment.
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.
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.
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.
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.
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.