UK lithium-sulfur cells maker OXIS Energy has secured a GBP3.7 million ($5.17m) capital boost to expand its battery business in Brazil.
Oxis said it plans to use funding from Brazilian private equity fund, Aerotec, to open a subsidiary and an R&D centre in southeast Brazil as it eyes increasing demand for batteries in the electric heavy vehicles market.
Canadian junior mining firm Golden Share Resources Corporation has signed an agreement worth an estimated $906 million with a US government laboratory for R&D into novel vanadium based solid-state battery technologies.
Golden Share said it had signed the deal with Battelle Memorial Institute, which runs the Pacific Northwest National Laboratory (PNNL) for the US Department of Energy.
A Chinese lithium battery manufacturer is chipping in up to $100 million to join the takeover of Nissan’s battery business by Chinese private equity firm GSR Capital Advisors.
Zhejiang Unifull Industrial Fibre said in a stock exchange filing it had signed a framework agreement with GSR Capital to become a partner in funding the Nissan deal, which Nissan confirmed earlier this month.
Large-scale recycling of lithium-ion cathode materials moved a step closer to market readiness when two North American firms agreed on a testing program.
US metals firm American Manganese aims to commercialise its proprietary hydrometallurgical process for the recycling of cathode materials of multiple chemistries.
China’s battery maker Guangdong Dynavolt has become the latest Chinese lead-acid firm to add a lithium-ion arm to its business on the back of plans to build an R&D centre for the chemistry.
The battery manufacturer has paid $2 million for a 33.33% share of Nevada-based 12V deep cycle lithium battery maker Dragonfly Energy.