More expansion news from Toyota about its growing lithium battery complex gave Gov. Roy Cooper a chance to talk about North Carolina’s growing clean energy economy. He talked with WRAL News Capitol Bureau Chief Laura Leslie about Toyota, what’s going on with VinFast, the electric vehicle sector, and lithium mining for EV batteries.
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Celgard, a manufacturer of industrial coatings, is adding more capacity to meet what it says is growing demand for lithium battery separators in the electric vehicle market.
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North Carolina’s booming electric vehicle sector is getting even bigger. An India-based company, Epsilon Advanced Materials, is going to build a $650 million manufacturing plant for EV battery materials near Wilmington, having struck an economic incentives deal with the state of North Carolina.
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Albemarle on Sunday dropped its $4 billion takeover bid for Australia-based mining giant Liontown Resources Limited. And according to the Wall Street Journal Australia’s richest person is a reason why.
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According to a Reuters report, VinFast has reported to U.S. Securities Regulators that VinFast would acquire VinES for “no consideration” aside from assuming company debt of approximately $462 million.
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The collaboration supports Charlotte-based Albemarle’s efforts to establish Kings Mountain as the first-ever zero-emissions lithium mine site in North America. Caterpillar, based in Irving, Texas, will use Albemarle-produced lithium in its battery production.
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The Department of Defense has committed $90 million to revive the Kings Mountain mine that closed in 1988, but could contain five million tons of lithium.
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North Carolina-based Albemarle is one major step closer to expanding its sourcing for lithium battery materials, moving closer to a “binding agreement” to acquire Australia-based Liontown Resources. It’s already been declared by the Wall Street Journal as the “king of lithium.”
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John Goodenough, who shared the 2019 Nobel Prize in chemistry for his work developing the lithium-ion battery that transformed technology with rechargeable power for devices ranging from cellphones, computers, and pacemakers to electric cars, has died at 100, the University of Texas announced Monday.
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