Industry China Invests a Fresh $830M in National SSB Initiative
China is set to invest over 6 billion yuan ($830 million) in a government-led initiative to advance solid-state battery technology, with six companies poised to receive state funding, according to a source with direct knowledge of the matter. This "unprecedented" project will be overseen by relevant government ministries and commissions
Industry China''s Hailiang to Build USD849 Million EV Battery Copper Foil
The first phase of Hailiang''s CNY8.9 billion (USD1.2 billion) copper foil materials project in northwestern Gansu province should be ready by the end of the first quarter, it said. The Gansu factory, which when finished will have an output of 150,000 tons a year, will start supplying battery giants Contemporary Amperex Technology and BYD in the
Industry U.S. Invests $3 Billion to Boost Domestic EV Battery
The U.S. Department of Energy is allocating $3 billion to 25 projects across 14 states to enhance domestic electric vehicle battery production. This move aims to shift production away from China
Industry Commission earmarks €4.6 billion to boost net-zero
For the first time, a €1 billion call for electric vehicle battery cell manufacturing (IF24 Battery) will support projects that can produce innovative electric vehicles battery cells or deploy innovative manufacturing techniques, processes and technologies.
Industry European Commission and EIB announce new
Today, the European Commission and the European Investment Bank (EIB) are announcing a new partnership to support investments in the EU''s battery manufacturing sector. This partnership will see a €200 million top-up
Industry Rio Tinto to invest $2.5 billion to expand Rincon lithium project
LONDON--(BUSINESS WIRE)-- Rio Tinto has approved $2.5 billion 1 to expand the Rincon project in Argentina, the company''s first commercial scale lithium operation,
Industry CATL Invests Over $1 Billion in New Lithium-Ion Battery Project
IThome reported on Monday that leading Chinese battery manufacturer Contemporary Amperex Technology Co., Ltd. (CATL) held the commencement ceremony for its Times New Lithium-Ion Battery Project in the city of Xiamen on the morning of December 19.. On November 15, CATL and Xiamen C&D Logistics Group Co., Ltd. (Xiamen C & D) signed a
Industry Rio Tinto Invests $2.5 Billion to Expand Argentina''s Rincon
Rio Tinto, the British-Australian mining giant, has announced a $2.5 billion investment to expand its Rincon lithium project in Argentina. The expansion is set to increase
Industry South Africa Advances in Energy Storage with New Battery Projects
Explore the details of South Africa''s new battery energy storage projects under BESIPPPP, set to enhance grid stability and support economic growth with significant job creation and community development initiatives. these projects represent a significant economic investment valued at approximately R4.7 billion. They have achieved notable
Industry FACT SHEET: Biden-Harris Administration Transforms Nation''s
Over $695 billion in funding and over 74,000 projects announced thanks to President Biden''s Investing in America agenda. For far too long, this country''s infrastructure was under resourced and neglected, leading to crumbling roads and bridges, aging water systems, an unreliable electric grid, and inadequate high-speed internet access.
Industry CATL invests in $6 billion battery project to manufacture
CATL is helping build a new battery industry in Indonesia. The battery manufacturer shared details of the multi-faceted $5.968 billion project on its WeChat, explaining each company''s role. The
Industry Rio Tinto invests billions in Rincon lithium project
Rio Tinto has approved a $2.5 billion expansion of the Rincon project in Argentina, the company''s first commercial scale lithium operation. Rincon''s capacity of 60,000 tonnes (t) of battery
Industry Stellantis, China''s CATL to invest $4.33 billion in EV battery
MADRID (Reuters) -Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe''s largest electric vehicle battery factories in Spain, encouraged
Industry Oman VC fund invests in Energy Dome''s C02 Battery project
Energy Dome says the new funding will help finance a project pipeline of more than 9 gigawatt-hours (GWh) for utilities, independent power producers and corporations across five continents. Part of the capital will also be used to complete the development of the company''s 20MW/ 200MWh CO2 Battery project with plans to bring it into operation
Industry ACWA Power Secures $1.78 Billion in Renewable Energy Projects
Saudi Arabia''s ACWA Power has made a significant leap in the renewable energy sector by securing deals worth over $1.78 billion, aimed at bolstering its portfolio in renewable energy and battery storage projects. These agreements come as part of the company''s strategy to enhance its presence in the sustainable energy market and contribute to the
Industry Overview of New Power Battery Projects in Q4 2024: Domestic
In the last three months of 2024, domestic power battery enterprises continued to demonstrate a strong trend of capacity expansion. According to incomplete statistics from Gasgoo Auto, in Q4 2024, power battery enterprises launched a total of 33 new projects domestically and internationally, with a total investment exceeding 180 billion yuan and planned power battery
Industry Rio Tinto to invest $2.5bn in Rincon lithium project capacity
Diversified mining company Rio Tinto has approved a $2.5-billion investment to expand the Rincon project, in Argentina – the company''s first commercial scale lithium operation – demonstrating
Industry TotalEnergies decides to invest in 100-MW German battery project
The project will entail a total investment of over EUR 75 million (USD 81.3m), the French group said on Wednesday. The proposed battery will be located in Dahlem, in the western state of North Rhine-Westphalia, and will be equipped with lithium-iron-phosphate technology of TotalEnergies'' battery affiliate Saft.
Industry US to Award $3 Billion to 25 Projects for Battery Manufacturing
The awards fund battery-grade processed critical minerals, components, battery manufacturing, and recycling, and will generate $16 billion in total investment for the projects
Industry Rio Tinto to invest $2.5 billion to expand Rincon lithium project
LONDON--(BUSINESS WIRE)--Dec. 12, 2024-- Rio Tinto has approved $2.5 billion 1 to expand the Rincon project in Argentina, the company''s first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio.. Rincon''s capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of
Industry Auburn Hills'' Stellantis Invests $100M in California EV Battery
Stellantis in Auburn Hills is investing $100 million in the Hell''s Kitchen Lithium and Power Project in Imperial Valley, Calif. The project is the largest geothermal lithium project in the world and will support the automaker''s battery-electric vehicle (BEV) eligibility for consumer incentives under the U.S. Inflation Reduction Act (IRA).
Industry green flexibility secures €1 billion for battery storage projects with
The Kempten-based green flexibility, a developer of large-scale battery storage systems, has successfully secured a total project volume exceeding €1 billion to support the energy transition in Europe.. This significant milestone includes an initial equity commitment of up to €400 million from Partners Group, one of the world''s largest private markets investment
Industry London Stock Exchange | London Stock Exchange
Notice to ASX/LSE . Rio Tinto to invest $2.5 billion to expand Rincon lithium project capacity to 60,000 tonnes per year. 12 December 2024 . Rio Tinto has approved $2.5 billion 1 to expand the Rincon project in Argentina, the company''s first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio.
Industry ACEN invests in P6.875 billion battery project in Rizal
Ayala-led ACEN Corp. and partner Axia Power Holdings Philippines Corp. have proposed to construct a 270 megawatt battery energy storage system (BESS) in Pililla, Rizal.
Industry Bravo Motor Company is investing R$1,2 billion in the
Bravo Motor Company, in partnership with industry giants such as Rockwell Automation, SMC and ABB, announced an investment of R$1,2 billion in the construction of a
Industry Biden-Harris administration invests $62 million in battery recycling
As part of Biden''s Investing in America agenda, the U.S. Department of Energy (DOE) will fund 17 projects for $62 million through the Bipartisan Infrastructure Law to increase consumer participation in consumer electronics battery recycling and improve the economics of battery recycling.
Industry Bravo Motor gives up on Minas Gerais and will now invest 25
The grandiose R$25 billion project to build a lithium battery factory in Nova Lima was officially transferred to São Sebastião do Passé, in Bahia. This change marks a dramatic
Industry DOE Allocates $25 Million for US Battery Research Projects
Sineng Electric Powers World''s Largest Sodium-Ion Battery Project; Natron Energy Invests $1.4 Billion in North Carolina Battery Plant; Natron Energy''s Ambitious Sodium-Ion Battery Gigafactory in the US; Sodium-Ion Growth: US and China Boost Production; North Carolina''s Bold Investment in Sodium-Ion Batteries
Industry Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture
Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain Stellantis and CATL signed a non-binding MOU for the local supply of LFP battery
Industry SEC invests in one of the world''s biggest battery projects
The SEC is accelerating the renewable energy transition by investing in one of the world''s biggest battery projects – the Melbourne Renewable Energy Hub (MREH). The Hub will be comprised of three battery components totalling 600 megawatts in size and is being developed in partnership with renewable energy investor Equis Australia.
Industry With A Total Investment of RMB Five Billion, The 16GWh Power Battery
The planned total investment of Phylion Battery''s 16GWh power battery project is around 5 billion yuan, with the acquired land of around 66 acres. The entire production line will adopt the most
Industry European Commission and EIB announce new partnership to
Today, the European Commission and the European Investment Bank (EIB) are announcing a new partnership to support investments in the EU''s battery manufacturing sector. This partnership will see a €200 million top-up (loan guarantee) to the InvestEU programme from the EU Innovation Fund. It comes in addition to €1 billion in grants to support electric vehicle
Industry Rio Tinto to invest $2.5bn in latest commitment to lithium
Rio''s investment in Rincon, which extracts lithium from brines pumped up out of the earth, will fund a commercial-scale plant producing 60,000 tonnes of battery-grade lithium a
Industry BMW Invests$1.42 billion in New Power Battery Project of
BMW Invests$1.42 billion in New Power Battery Project of Shenyang City. (TMTPOST) — The agreement of BMW''s new power battery project was recently signed in Shenyang, which will be invested
Industry EU Commission Commits €4.6 Billion to Support Cleantech Projects
We are investing €4.6 billion to back cutting-edge European projects in net-zero technologies, electric vehicles batteries and renewable hydrogen. Under the Innovation Fund,
Industry AC Energy invests Php2.2B for BESS project
Ayala-led AC Energy (ACEN) is investing Php2.2 billion for its 40-megawatt (MW) battery energy storage system (BESS) project in Alaminos, Laguna. In a disclosure to the
Industry EU Invests €4.6B in Decarbonization and Hydrogen Projects
The new investment includes two key calls for proposals totaling €3.2 billion. This includes €1 billion allocated specifically for electric vehicle battery cell manufacturing. The remaining €1.2 billion will go toward accelerating renewable hydrogen production through the European Hydrogen Bank. Financing by the EU''s Innovation Fund
Industry EU-Breakthrough Energy partnership invests €60 million in long
Artist rendering of a large-scale CO2 Battery project with solar PV. Image: Energy Dome. Energy Dome, the startup commercialising a proprietary carbon dioxide-based long-duration energy storage (LDES) tech called the CO2 Battery, has secured investment into a grid-scale project.
Industry Government of Canada Invests Over $9 Million to Enable Made
Government of Canada Invests Over $9 Million to Enable Made-in-Canada Lithium Battery Supply Chain in British Columbia CNW Group Thu, Jul 11, 2024, 4:13 PM 4 min read
Industry BMW to invest $1.42 billion in China for battery production project
BMW Group''s joint venture in China, BMW Brilliance Automotive Ltd. (BBA) has announced that it is going to invest 10 billion yuan (about 1.4 billion U.S. dollars) into a new battery production project in Liaoning Province which is situated in China''s northeast region. BMW''s Shenyang production facility is also the company''s largest production facility in the
Industry ACWA Power Secures $1.78 Billion in Renewable
Saudi Arabia''s ACWA Power has made a significant leap in the renewable energy sector by securing deals worth over $1.78 billion, aimed at bolstering its portfolio in renewable energy and battery storage projects. These
Industry Stellantis Invests in CTR to Strengthen Low Emissions U.S.
Stellantis Invests in CTR to Strengthen Low Emissions U.S. Lithium Production Stellantis invests over $100 million to advance the development of geothermal lithium project in California and
3 Frequently Asked Questions about “Lima invests 40 billion in battery project”
Why is the global lithium market suffering from severe oversupply?
At present, the global lithium market is suffering from severe oversupply because electric vehicle sales have grown more slowly than expected. Chinese battery maker CATL has cut lithium production at its key mine in Jiangxi province.
Will Arcadium become world's largest lithium producer?
Rio's all-cash $6.7bn acquisition of New York-listed Arcadium — which will be voted on by Arcadium shareholders on December 23 — would make the company one of the world's largest lithium producers once completed. Copyright The Financial Times Limited 2025.
Does China have access to lithium carbonate?
At present, China accounts for two-thirds of global lithium carbonate production, causing concern in the US and Europe about s ecuring adequate access to supplies outside China.