EV Battery

In late 2023, EV battery prices dropped drastically, oversupply and weakened demand driving prices down 50%. From December to December, LFP battery cells suffered the biggest price reduction, 10.1%, and the electric vehicle market is projected to continue growing. Will things stabilize in 2024?

Ascend Elements will supply recycled battery products to EcoPro, which will transform the product right into battery-ready, high-performance CAM for its battery producing customers. Ascend Elements claims that it can recoup approximately 98% of critical battery elements with lower carbon exhausts contrasted to typical cathode production approaches.

Panasonic Corporation is joining the high-growth electrical vehicles (EV) market, with plans to invest almost $4.9 billion in automotive batteries, supply chain software and also cyber physical systems, to name a few.

The new cooperation sets the stage to assist increase the secure release of essential eco-friendly, zero-emission energy resources. Both will do safety testing as well as analysis procedure growth.

Gridtential Energy-- an innovator and also developer of Silicon Joule battery technology, has revealed it is launching a collection of groundbreaking AGM reference batteries generated on East Penn Manufacturing's prototype line.

Betteries, a startup based in Berlin which upcycles electric automobile (EV) batteries right into economical power systems, revealed that it has actually efficiently closed its Euro 2.1 m seed funding round led by impact funds Factor [e] Ventures and also Beyond Black.

LG Chem will split its battery business to produce a brand-new business that will certainly focus only on battery technology and also associated operations.

A group of researchers has designed a new lithium-based electrolyte, that they show can pave the way for the future generation of battery-powered EVs

Mercedes-Benz has developed a calculated collaboration with the Chinese battery cell supplier Farasis and also is also taking an equity risk in the company.