- US battery startup Our Next Energy (ONE), backed by BMW Group, among others, has closed a $300 million funding round. The Series B funding round resulted in a company value of over $1 billion.
- GOTION HIGH-TECH the innovative manufacturer of batteries and energy storage solutions in China, has signed a Memorandum of Understanding (MoU) with InoBat.
- Tata Motors considers Spain, Britain for European EV battery plant – source.
India’s Tata Group is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain, a source with knowledge of the matter told Reuters, as its carmaking unit seeks to boost supply chains in Europe.
Source: Batteries News
- Recharge Industries is close to acquiring the assets of the insolvent battery start-up Britishvolt. The auditing firm EY, which is in charge of the insolvency administration, expects to complete the deal is expected to be completed within the next seven days.