Get latest articles and stories on Business at LatestLY. Electric vehicle manufacturer Ola Electric on Thursday signed an agreement with the Ministry of Heavy Industries for local manufacturing of advanced cells in India under the production-linked incentive (PLI) scheme. Business News | Ola Signs PLI Agreement with Ministry of Heavy Industries for Local Battery Cell Manufacturing.
Morrow Batteries (Morrow) and IBU-tec advanced materials AG have signed a Memorandum of Understanding (MoU) for the development and qualification of large-scale supply of European LFP (Lithium iron phosphate, LiFePO4) cathode material to Morrow Batteries’ planned lithium-ion battery cell facility in Eyde Energy Park, Arendal, Norway. IBU-tec would supply up.
Lars Carlstrom, the founder-CEO of Italvolt, announced the launch of a new company, Statevolt, which will construct a 54GWh Gigafactory in Imperial Valley, southern California with an expected CapEx of $4 billion. To launch the new facility, Statevolt has also signed a Letter of Intent (LOI) with Controlled Thermal Resources.
Plastic Omnium is the world leader in automotive energy storage solutions. It is pursuing its growth strategy in the fast-growing field of electrification by building a comprehensive range of energy management solutions to meet the growing needs of mobility players. Through the proposed acquisition of ACTIA Power, Plastic Omnium will…