Technology
Verkor raises funding, subsidies
French battery start up Verkor has raised EUR2bn for its battery gigafactory project in Dunkirk, France. The funding includes EUR850m…
Lyten raises US$200m
US battery startup Lyten has raised US$200m as part of its Series B funding round. The company said the new…
Schaeffler increases investment in H2 Green Steel
During a recent equity funding round, Schaeffler agreed to invest a further EUR65m in Swedish startup H2 Green Steel (H2GS).…
Gotion High-tech plans Illinois battery factory
Chinese battery maker Gotion High-tech has chosen Manteno, Illinois for its new US$2bn electric vehicle (EV) lithium battery factory. The…
Rivian sees battery cost falling
Electric vehicle maker Rivian Automotive would benefit late this year and in 2024 from a significant deflation for battery material…
Signal: Clarios to acquire Paragon’s battery unit
GlobalData’s deals database reveals that Clarios, the parent company of VARTA Automotive will purchase Paragon GmbH & Co’s power business that…
Signal: University of Texas invests $0.25m in Group1
GlobalData’s deals database reveals that ‘Discovery to Impact’ at The University of Texas at Austin, has invested USD250,000 in Group1,…
Signals: China leads on battery patent filings
Analysis of global patents data held by GlobalData shows that China is emerging as the largest source for patents –…
GM and Google Cloud develop AI collaboration
General Motors (GM) and Google Cloud have announced details and developments on the companies’ collaboration in the deployment of conversational…
JLR creates battery energy storage system from second-life car batteries
Jaguar Land Rover (JLR) and Wykes Engineering have partnered to develop an energy storage system (ESS) using repurposed Jaguar I-PACE…