lithium-ion batteries News Updates

BusinessTechnologyFuel

Battery Startup ONE Demotes CEO Amid Cash Crunch

Our Next Energy Inc., a battery startup hoping to rival China with vital energy storage technology, has replaced founder and CEO Mujeeb Ijaz as it faces a failed funding round and cash crunch.

December 11, 2023
GovernmentBusinessTechnology

Silicon-Focused Battery Startup NanoGraf to Open Chicago Plant

NanoGraf, a startup specializing in high-performance batteries made using silicon, is close to starting operations at a facility near Chicago’s central business district.

December 1, 2023
GovernmentTechnologyEquipment

Lithium Price Slump Means Batteries Are Cheaper Than Ever

Lithium's benchmark price in China is now down about 80% from its November 2022 record high. At that time, lithium miners were enjoying soaring profits and carmakers were seeing costs surge.

November 29, 2023
GovernmentBusinessTechnologyFuel

EV Battery-Recycling Pioneer Li-Cycle Pauses Construction

Li-Cycle Holdings Corp., which is in line for $375 million in federal funding, announced it would pause construction on a first-of-its-kind lithium-ion-battery recycling plant.

October 23, 2023
GovernmentBusinessTechnologyEquipment

EV Makers Racing for Supplies of Lithium for Batteries

Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the mineral in a politically and environmentally fraught competition.

June 28, 2023
GovernmentBusinessFuel

Stellantis Weighs Offer From Canada to Save Battery Plant

Stellantis NV and LG Energy Solution Ltd. are reviewing an offer from the Canadian and Ontario governments to salvage an electric vehicle battery plant in Windsor, across from Detroit.

June 6, 2023
GovernmentBusinessFuel

Kentucky Pauses Incentives for Microvast Over China Concerns

NASHVILLE, Tenn. — Kentucky officials say they are pausing $21 million in economic incentives to Microvast for a proposed electric vehicle battery facility.

June 5, 2023
BusinessTechnologyFuel

Ford Strikes Lithium Deals to Support EV Output

Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.

May 22, 2023
BusinessFuelTCA

Michigan Town Rests Economic Hopes on Ford Battery Plant

Advocates for Ford’s $3.5 billion electric vehicle lithium-ion battery plant in Marshall, Mich., say the 2,500 jobs it promises are much needed for the city of less than 7,000.

May 17, 2023
BusinessTechnologyEquipmentFuelTCA

How a Georgia Plant Helps Solve a Huge EV Supply Chain Kink

COVINGTON, Ga. — Ascend Elements takes spent lithium-ion batteries and scrap from EV battery makers and grinds them to dust, salvaging minerals for reuse in new EV power sources.

March 30, 2023