Group14 Technologies enters into battery material supply deal with Europe’s InoBat

In a statement Group14 Technologies said, it has entered into a battery materials supply agreement with Europe’s InoBat under a partnership to manufacture high-energy density cells for electric vehicles. Demand for high-capacity, lithium-silicon batteries has increased as manufacturers shift to electric vehicles to tap a rapid transition to cleaner sources of energy. InoBat, established in…

Tesla aims to ramp up battery production to 3,000 gigawatt-hours

Following Tesla’s unveiling of its plans to produce its own batteries in order to trim costs, shares of its two battery suppliers fell on Wednesday. Shares of South Korea’s LG Chem and Japan’s Panasonic have fallen with the news reaching the market. After initially opening higher, LG Chem’s shares was trading down by 3.1% while…