10 Sep '18, 1pm

LIB-maker #Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure. Presently, Farasis has two production bases in China: Ganzhou and Zhenjiang. Since 2017 Farasis has regularly ranked first in terms of shipments of NCM-based Li-ion pouch cells to the Chinese automotive market. In July, Farasis established a new manufacturing base in Zhenjiang with a planned annual capacity of 20 GWh. At the same time, the company officially launched its European Manufacturing Center Project, and opened an office in Stuttgart, Germany staffed with business development, engineering and corporate personnel. The feasibility study and site selection evaluati...

Full article: http://www.greencarcongress.com/2018/09/20180910-farasis....

Tweets

Power to double share of global energy demand b...

rechargenews.com 10 Sep '18, 8am

Electricity’s share of total global energy demand will more than double to 45% by 2050, with a rapidly expanding fleet of ...

'We can afford it': EV uptake and renewables su...

businessgreen.com 09 Sep '18, 11pm

The conclusions of today's report are based primarily on DNV GL's analysis of how cost drivers will shift the energy syste...

"DNV GL Predicts ‘Massive’ Grid Expansion and A...

greentechmedia.com 10 Sep '18, 9am

DNV GL expects global grid capacity to triple by 2050 as electricity network operators fight to cope with a surge in elect...

How Your Battery Will Sell Energy to Your Neigh...

greentechmedia.com 21 Sep '18, 1pm

Wisconsin-based storage developer EnSync Energy Systems is working on a system that could allow your residential battery t...

Can China become a powerhouse in green manufacturing?

Can China become a powerhouse in green manufact...

greenbiz.com 14 Sep '18, 10am

China has been ramping up its green manufacturing initiatives, with both Shanghai and Beijing announcing new efforts. In e...

Sonnen’s New Battery Strategy: Raise Price, Sell to High-End Home Automation Market https://t.co/5BrDFGnQJU

Sonnen’s New Battery Strategy: Raise Price, Sel...

greentechmedia.com 13 Sep '18, 2pm

When they go low, sonnen goes high. Instead of striving to cut prices and make its product more accessible to the mass mar...