Sweden to probe for local cobalt and lithium mining
Sweden is exploring the option to dig for cobalt and lithium on its own territory in an attempt to revive its traditional mining areas. The government in Stockholm has reserved 10 million kronor (1m euros) for the project, with results expected by the first half of 2020.
U.S. 2050 Motors invests in Graphene Future
The U.S. firm 2050 Motors has made a large investment in Graphene Future, buying up 20% of their stock. The specialty firm has invented an industrial process to produce graphene that is said to be both cheap and environmentally friendly.
Geely interested in Daimler stock
The rumors have turned out to be true: Chinese vehicle producer Geely has revealed their strategy through an insider, who spoke to Reuters. Apparently the Chinese producer aims to purchase some of Daimlers’ battery technology through the acquisition of company stock.
Siemens may start producing batteries in Goerlitz
As the turbine factory in Goerlitz, Germany, is winding down, Siemens has had to face much criticism. The prospective loss of jobs and unavoidable layoffs have been difficult for both political relations as well as the concerned employees. A new battery factory in Oberlausitz may offer relief.
42m pounds for EV battery research in the UK
Four UK-based research projects aimed at improving EV battery technology are to receive 42 million pounds in funding through the Faraday Institution, a government-backed body. Projects include work to examine damage to EV batteries over time, as well as the development of solid state batteries.