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ESS Inc and ACON S2 Acquisition Corp Announce Closing of Business Combination

ESS Inc and ACON S2 Acquisition Corp Announce Closing of Business Combination
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EV battery maker DeepGreen to launch on NYSE in US$330-million SPAC deal

EV metal producer DeepGreen to go public in US$330-million SPAC deal Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer DeepGreen Metals Inc., a Vancouver-based producer of minerals used to make electric vehicle batteries, will become a publicly listed company after being acquired by Sustainable Opportunities Acquisition Corp. (SOAC) in a US$330-million deal. Founded in 2009, DeepGreen sources minerals known as polymetallic nodules from the ocean floor, which are used to power electric vehicle batteries. The company has exploration contracts in the Pacific Ocean’s Clarion-Clipperton Zone between Hawaii and Mexico. DeepGreen estimates its exploration zone has the potential to power 280 million electric vehicles.

U S Mounts a Charge to Take On China, the King of Electric-Vehicle Batteries

U.S. Mounts a Charge to Take On China, the King of Electric-Vehicle Batteries Source: By Ben Foldy and Rebecca Elliott, Wall Street Journal • Posted: Tuesday, January 26, 2021 Sila Nanotechnologies, a Silicon Valley startup, is among the latest to attract Wall Street backing as supply-chain investors see enthusiasm for electric vehicles The auto industry’s quickening shift to electric cars is spurring investment in another emerging industry in the U.S.: manufacturing lithium-ion batteries for those vehicles. China currently dominates the market for producing electric-vehicle batteries. But as auto makers spend billions to build more plug-in models in the U.S., investors are increasing their bets on companies looking to expand the supply chain for batteries and related materials in North America a region that has long relied on imports for such components.

Shift to electric vehicles spurs bid to make more batteries in US

FoxNews.com Automotive Editor Gary Gastelu on General Motors launching electric vehicles and their competition. The auto industry’s quickening shift to electric cars is spurring investment in another emerging industry in the U.S.: manufacturing lithium-ion batteries for those vehicles. China currently dominates the market for producing electric-vehicle batteries. But as auto makers spend billions to build more plug-in models in the U.S., investors are increasing their bets on firms looking to expand the supply chain for batteries and related materials in North America a region that has long relied on imports for such components. Sila Nanotechnologies Inc., a Silicon Valley startup that makes silicon anode materials used in batteries, is among the latest to attract Wall Street backing. The company plans to announce Tuesday that it has raised $590 million in new funding, Chief Executive Gene Berdichevsky told The Wall Street Journal.

Romeo Power and RMG Acquisition Corp Announce Closing of Business Combination; Romeo Power to Trade on NYSE Under Ticker RMO as of December 30, 2020 | National

Romeo Power and RMG Acquisition Corp Announce Closing of Business Combination; Romeo Power to Trade on NYSE Under Ticker RMO as of December 30, 2020 | National
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