Wanxiang Group Wins A123 Amid US Tech Transfer Concerns
CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.
CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.
TIAX LLC, a leading developer of materials and advanced technologies for batteries, announced its creation of a sensor system for lithium-ion battery safety that could detect and preempt lithium-ion cell short circuits to prevent explosions and fires.
Bloomberg reported that Nissan Motor Co. (PINK:NSANY), which late last year opened the biggest lithium-ion battery plant in Tennessee, has announced that it will add a cheaper version of the rechargeable Leaf, as the car’s production begins.
Reuters reported a Chinese automaker bid $465 million bid for bankrupt A123 Systems Inc. (NASDAQ:AONE).
Bike Biz reported that new lithium ion technology is being developed that will strengthen the energy capacity of batteries.
Nissan has recently released a new six year environmental agenda and is expanding the Smyrna facility with a $1 billion lithium battery plant on site with a capacity of up to 200,000 lithium battery packs per year with the potential both for domestic production and export.
The McGill Daily reported that Hydro-Québec and Technifin will share their lithium licensing to advance battery technology.
Lithium producers, lithium battery manufacturers and the broader lithium investment community received some interesting news on Tuesday, as the Department of Energy (DOE) disclosed the results of a major review of research spending.
Overall outlook for the lithium industry is dependent upon demand from a number of contributing areas including future adoption and accelerated market penetration within the electric vehicle industry as well as continued global demand for consumer electronics and mobile devices according to some analysts.
Canada is demonstrating a commitment to the lithium industry by creating the framework for programs that support electric vehicle initiatives with further support for the potential of recycling of lithium ion batteries.
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