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American Battery Solutions to supply battery packs to electric bus manufacturer NFI Group

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American Battery Solutions (ABS) has signed a multi-year contract with bus manufacturer NFI Group to supply custom battery packs for NFI subsidiary New Flyer ’s newest 35-, 40- and 60-foot battery-electric transit buses. And plenty of cells will be needed—the market for electric buses in North America is heating up.

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LG invests $1.4 billion into first US cylindrical battery plant

Smart Energy International

billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical-type battery manufacturing plant in North America. The Korean battery manufacturer will be the cylindrical battery plant’s sole investor. Construction is to begin in the second quarter of 2022.

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Volkswagen and PowerCo SE to search for a battery cell factory site in Canada

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The Volkswagen Group and its recently founded battery company PowerCo SE intend to rapidly expand their global battery business to North America. To that end, Volkswagen and the Canadian government have signed a Memorandum of Understanding to identify suitable sites for a battery cell factory in Canada.

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BASF consolidates business, will invest $5 billion in battery materials and recycling

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BASF , a producer of cathode active materials (CAM), plans to consolidate some of its business into a new legal entity called BASF Automotive Catalysts and Recycling beginning in January of 2022. The company will also invest up to €4.5 billion ($5 billion) in battery materials and recycling.

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Stellantis and LG Energy Solution name CEO for battery joint venture

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Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022.

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Ascend Elements to open battery recycling facility in Georgia

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Battery recycling and manufacturing company Ascend Elements (formerly known as Battery Resourcers ) is planning to open a battery recycling plant in Georgia by August of 2022, where it will recycle lithium, cobalt and nickel. Source: Ascend Elements.

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Stellantis and Samsung SDI form JV to build battery plant in Indiana

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Stellantis and Samsung SDI have agreed to establish an EV battery manufacturing facility in Kokomo, Indiana. Stellantis says the new joint venture company will invest more than $2.5 Stellantis says the new joint venture company will invest more than $2.5 The investment could gradually increase to $3.1