Tag: supply chains
JB Straubel’s Redwood Materials is expanding into the battery materials business
Redwood Materials, the company started by former Tesla co-founder JB Straubel that aims to create a circular supply chain for batteries, is expanding its business. While it has been known primarily as a recycling firm, Redwood plans to simplify the supply chain by producing critical battery materials right here in…
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LG Energy Solution inks deal with Australian mining company for nickel and cobalt
South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry…
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LG Chem will invest $5.2B in battery materials through 2025
South Korea’s LG Chem has earmarked ₩6 trillion ($5.2 billion) over the next four years to build out its battery materials business. The investment comes as automakers and state regulators set targets to transition away from internal combustion engine vehicles, in a shift that will likely be the most transformative…
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Target Global has a €1M “super seed” fund incoming to switch on laid off tech talent in Spain during COVID-19
Target Global is backing a €1 million support fund for tech talent in Spain laid off or furloughed as a result of the coronavirus crisis. The aim is to provide pre-seed financing to help crisis-hit tech workers switch gears and build out a startup concept over the next four to…
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Tesla email reveals two employees have tested positive for COVID-19
Two Tesla employees, who had been working at home for nearly two weeks, have tested positive for COVID-19, according to an internal email sent Thursday morning by the company’s head of environmental, health, and safety department and viewed by TechCrunch . The employees were not symptomatic in the office, and…
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Tesla to temporarily shut down Fremont factory
Tesla will suspend production at its Fremont, Calif., factory beginning March 23, days after a shelter in-place order went into effect in Alameda County due to the COVID-19 pandemic and sparked a public tussle between the automaker and local officials over what was consider an “essential” business. Some basic operations…
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