Through 2024, the US will invest around 43 million dollars in projects to reduce manufacturing costs and improve safety of electric vehicle batteries.

Chinese company Geely has developed lithium iron phosphate (LFP) batteries for its Zeekr electric vehicles that can be charged from ten to 80 percent within 10.5 minutes.

SES AI Corporation claims to be the first company in the battery development industry to have reached the Chinese electric mobility safety regulations with lithium-metal batteries.

UL Solutions has commissioned one of the United Statesʼ largest battery testing labs for electric and hybrid vehicles as well as industrial applications in Auburn Hills, Michigan.

German battery developer Nacelle has launched a pilot production line for sodium-ion batteries, claiming to be the first company in Germany to produce the technology in its own facilities.

US-based battery technology developer Group1 has announced the launch of what it claims to be the worldʼs first 18650 form factor potassium-ion battery.

LG Energy Solution has formed a task force to develop prismatic batteries. Meanwhile, SK On is preparing for the mass production of prismatic cells due to their enhanced safety features...

Battery technology developer Addionics has closed a $39 million Series B funding round. The round was co-led by GM Ventures and Deep Insight, with participation from Scania and other investors....