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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion billion alternative investment firm with offices in Paris, New York, and the Bahamas.

Global 199
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Ford building new $1.6B plant in Mexico for small cars

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billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. This investment comes during Ford’s 91 st year in Mexico, including manufacturing vehicles since 1925. Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany.

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Rough road for EV industry

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Tesla isn’t the only EV manufacturer facing these hurdles. They are forming joint ventures with battery material manufacturers to build factories that will ensure future battery deliveries will be reliable and affordable. Building a domestic supply chain isn’t just a priority for manufacturers.

Industry 343
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GM leads $50M funding round in EnergyX; advanced lithium extraction and refining technology

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The EnergyX team of scientists and engineers have worked relentlessly for five years developing cutting-edge DLE technology to solve the immense bottlenecks that have limited global lithium production and supply chain. his single bottleneck (a massive lithium shortage) is the biggest challenge to scaling EV production.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

The Next ‘Better Place’ Is Australia New Subsidies for Electric Cars in Britain Tesla Motors to Build Battery Packs for Other Car Makers Previous post Group Says European Cap-and-Trade System Reduced Emissions Next post Cutting Costs With Solar Walls From 1 to 25 of 29 Comments 1 2 Next » 1. Bolivia is no friend of the USA.

Grid 47
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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments. —Ellie Gomes-Callus, metals and mining analyst at BNEF.

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