France’s government is throwing its weight behind a French-led consortium spearheading development of “third and fourth generation” lithium-ion battery technology.
The country’s powerful National Industrial Council (CNI)— headed by Prime Minister Edouard Philippe— said it is backing batteries research by Saft and others to the tune of “at least” EUR10 million ($11.5m).
The UK is seeking at the highest level a foreign investor to establish a lithium-ion giga factory in Britain, Tony Harper, head of the British Faraday Challenge has told BEST Battery Briefing.
The Faraday Challenge programme, set up nearly a year ago to kick start a UK advanced battery capability to deliver energy storage for the next generation of UK-made low- and zero-emission vehicles, is spending GBP243 million ($319m) on research and development over the next four years.
German battery manufacturer Akasol is preparing for an initial public offering (IPO)— and has its sights set on acquisitions buoyed by “strong growth” in the electric vehicle (EV) market.
The Darmstadt-based company, incorporated just 10 years ago, said its lithium-ion battery systems business has already amassed orders worth EUR1.45 billion ($1.7bn) through to 2024, with clients including Daimler, Alstom, Bombardier and Rolls-Royce Power Systems.
Tesla has given the green light to launch its first Gigafactory for batteries production outside the US in China, company chief Elon Musk has confirmed.
The new Shanghai plant confirms a pledge by Musk to one day set up business at the heart of Asia’s booming batteries sector.