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Stellantis Ventures invests in Tiamat’s sodium-ion battery technology

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Stellantis Ventures has made a strategic investment in France-based sodium-ion battery developer Tiamat. Tiamat says its sodium-ion technology is lithium- and cobalt-free and cheaper per kilowatt hour (kWh) when compared with lithium-ion batteries.

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TDK Ventures invests in Novalith clean lithium-extraction technology

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Embargo til April 17 TDK Ventures has invested in lithium-extraction startup Novalith, which has developed a novel system for extracting battery-grade lithium from resource deposits. Novalith points out multiple drawbacks of current lithium production methods.

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GM and Lithium Americas to develop lithium production through $650-million investment

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General Motors and Lithium Americas plan to jointly invest in the development of the Thacker Pass mine in Nevada, which the companies call “the largest known source of lithium in the US.” GM plans to use lithium carbonate from Thacker Pass in its proprietary Ultium battery cells.

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RecycLiCo secures investment for battery recycling joint venture

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RecycLiCo Battery Materials, a battery recycling company, has received investment approval from the Taiwan Department of Investment Review for its 50/50 joint venture with Zenith Chemical. This modular plant is intended to be transported to Taiwan for the final commissioning. Source: RecycLiCo

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Saint-Gobain invests in solid-state battery firm ION Storage Systems 

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NOVA, the partnership and venture capital branch of building materials company Saint-Gobain , has invested in solid-state lithium metal battery company ION Storage Systems to expand their battery technology collaboration. Source: Saint-Gobain

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LG Chem invests $75 million in Piedmont Lithium

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Battery manufacturer LG Chem will make a $75-million equity investment in Piedmont Lithium. LG will also commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont’s jointly-owned North American Lithium over a four-year term. Source: Piedmont Lithium of Piedmont common shares.

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Sion Power raises $75 million to commercialize its Licerion tech for lithium metal EV batteries

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Sion Power , a developer of next-generation batteries for EVs, has secured $75 million in a Series A funding round led by battery manufacturer LG Energy Solution. The company plans to build a fully automated line to make large-format lithium metal cells for automobile OEMs and cell makers to test and improve.

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