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French battery maker Verkor scores $2.1B to build gigafactory

Verkor produces pouch and cylindrical battery modules for electric vehicles and energy-storage sites. The huge sum includes an €850 million Series C funding round as well as €600 million in loans from the EU's European Investment Bank, Verkor explained in a statement.
European Commission Eu European Investment Bank Investment Bank President Emmanuel Macron Ascend Element
Source: yahoo.com

Ascend Elements develops cathode material for Freudenberg

The US battery-materials company Ascend Elements has entered into a development partnership with Freudenberg e-Power Systems. This means that recycled battery materials could be used in heavy commercial vehicles and ships in the future. This is because, as part of the agreement, Ascend Elements will develop an NMC cathode material…
United States Max Kley Mike Okronley Xalt Energy In Midland Ascend Elements Xalt Energy

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