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The most innovative companies in automotive for 2025

Fast Company Tech

The result is EV technology that makes the erstwhile novelty car more powerful, more affordable, and more ubiquitous. Waymo also unveiled its Generation 6 automated driving system, an enhanced-technology suite designed handle tougher weather conditions. In October, the Waymo One taxi fleet reached 1 million autonomous miles driven.

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DuPont and VCs see lithium mining as a critical investment for the electric future

TechCrunch

One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. That’s one reason why DuPont is making a push to prove out its extraction technologies.

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A vehicle burned at Canoo’s headquarters after a battery test

The Verge

A vehicle at EV startup Canoo burned on August 24th after lithium-ion batteries left inside the car started a fire. A small fire occurred several hours after the intentionally destructive testing of a battery module,” Gomes said in an e-mailed statement, noting the module passed the test and did not ignite. Image: Canoo.

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Vanadium ion battery startup Standard Energy raises $8.9M Series C from SoftBank Ventures Asia

TechCrunch

The South Korea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. The latter is an important selling point, as electric vehicle makers face a potential shortage of lithium ion batteries. VIB cannot be as compact as lithium ion.

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GM aims to make its electric vehicles go farther and cost less with new battery partnership

The Verge

General Motors announced a new joint venture with SolidEnergy Systems, a spinoff of the Massachusetts Institute of Technology that is focused on improving the energy density in lithium-ion batteries. The two companies plan on building a test facility in Woburn, Massachusetts, for a high-capacity preproduction battery by 2023.

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Fast-charge EV battery maker StoreDot pulls in $80M led led by Vietnam’s VinFast

TechCrunch

StoreDot , the Israeli next-generation battery technology startup touting an “extreme fast charging” (XFC) battery for electric vehicles, has secured the first close of its latest funding round led by Vietnamese electric vehicle manufacturer VinFast. The Series D round is due to close at up to $80 million.

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Watch Joby Aviation’s electric air taxi complete a 150-mile flight

The Verge

We’ve achieved something that many thought impossible with today’s battery technology,” JoeBen Bevirt, founder and CEO of Joby, said in a statement. “By billion in cash, which it will use to continue to tinker and perfect its technology. To weigh it out: jet fuel gives us about 43 times more energy than a battery that’s just as heavy.

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