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Beijing is planning to revise its rules controlling global access to battery manufacturing technologies in a tit-for-tat move after major Western economies including the European Union and the United States decided to impose punitive tariffs on China-made electric vehicles. The proposed measures are open to public review until Feb.
Spartan, which was started by Apollo Global Management, is a “blank check company” or “special purpose acquisition company” — essentially an entity with no real business that gets listed on a stock exchange and then seeks out a company to merge with, thereby offering something of a shortcut around the traditional IPO process. Fisker Inc.
The Tennessee plant will be a “mega campus” that houses a vehicle-production facility for Ford’s F-series pickup trucks and a battery assembly division, while the twin factories in Kentucky will manufacture lithium-ion batteries. This is show, not tell time”. Photo by Amelia Holowaty Krales / The Verge. Photo by Sean O’Kane / The Verge.
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A global survey of automobile owners found three hurdles to overcome before consumers will widely embrace electric vehicles: 30-minute charging time. “Theoretically, solid state batteries (SSB) could deliver all three,” but for now, lithium-ion batteries are the go-to for most EVs (along with laptops and phones).
Additionally, the Volkswagen-invested battery maker announced its participation in the global race to make all-solid-state batteries, as China looks to catch up with rivals in producing an alternative battery success story. The Biden Administration has said it would increase the tariff rate for Chinese non-EV lithium-ion batteries from 7.5%
South 8 Technologies , a startup focused on electrolyte formulations for next-generation lithium batteries, raised $12 million in Series A round led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation. and Canada, has just raised a $43.5 Supply chain.
Trump said that he wanted such a deal earlier this month, and it was initially proposed last fall by Ukrainian President Volodymyr Zelenskyy as part of his plan to strengthen Kyivs hand in future negotiations with Moscow. It can be lithium. It can be titanium, uranium, many others, Yermak said. Both the U.S
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Musk is also hardly unusual among major global tech CEOs in defending China. It is now Teslas largest factory, producing half of the companys cars globally last year. percent in 2024, a year in which the companys global sales fell for the first time. From a business perspective, this makes sense.
DOT spokesman Jamie Kritzer said that based on the federal governments directive, the agency is continuing with awarded projects but pausing the next round of requests for proposals, as well as future phases of the buildout. The global company Kempower opened its first North American factory in Durham, where it builds charging infrastructure.
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