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Swedish EV battery maker raises $1.2B to expand to North America

TechCrunch: Climate

Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters. If Northvolt builds in the U.S., […]

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Mercedes to launch branded EV fast charging network, starting in North America

Charged

Mercedes-Benz plans to launch a DC fast charging network across North America, Europe, China and “other key markets.” It will begin this year in the US and Canada, and hopes to have the full network in place before the end of the decade, when the automaker means to go all-electric “wherever market conditions allow.”.

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Honda hopes to go electric in North America by 2040, will develop solid-state batteries

Charged

Have the last two holdouts among major automakers just hopped on the electric bandwagon, or are they just indulging in some fast-follower greenwashing? Following Toyota’s announcement of a new line of battery-electric vehicles , Honda now says it plans to make battery-electric and fuel cell vehicles 100% of its North American sales by 2040.

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Kiwi Power Looks to Bring European Virtual Power Plant Expertise to North America

GreenTechMedia

More recently, it’s added 80 megawatts of behind-the-meter batteries to its virtual power plant portfolio. ” Europe's lead in integrating distributed energy resources. Kiwi is far from the only European company targeting distributed energy market opportunities in North America. Europe is ahead of the U.S.

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US Electric Vehicle Plant’s Hydrogen Deal with Plug Power

Hydrogen Fuel News

This undisclosed manufacturing facility, recognized as one of the largest electric vehicle and battery production campuses in the country, plans to leverage Plug’s hydrogen fuel cells for effective and sustainable handling of its material fleet. auto-manufacturing sector.

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EV Metals Group clears the way to build a battery material processing plant in Saudi Arabia

Charged

The EV Metals Group acquired the battery materials and technology business of Johnson Matthey in 2022. Now subsidiary EV Metals Arabia has advanced its plans to build a battery material processing plant in Saudi Arabia. Construction is scheduled to commence in Q3 of this year.

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New report highlights trends in EV battery supply chains

Charged

It’s safe to say that, five years ago, few corporate leaders gave a thought to the supply of batteries. Nowadays the problems and opportunities of the battery supply chain are hot topics in executive suites far beyond the automotive industry, and a growing number of market research companies are churning out detailed reports on the sector.

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