The Smoke Clears: GM announces fix to Bolt battery fire issue
Detroit, Michigan — In a piece of good news for the automotive supply chain and drivers alike, engineers at General Motors have figured out how to fix a battery problem with the Chevrolet Bolt electric hatchback that has already caused five of them to catch fire. The company says they developed diagnostic software to look […]
Tuesday Ticker: April 6, 2021
Toronto, Ontario — Li-Cycle announces its participation in a run of investor events, Tesla reports strong sales numbers in spite of microchip shortage and FCA also releases it’s Q1 financial report, in this week’s Tuesday Ticker. Investor Circuit Li-Cycle announced that it plans to participate in several upcoming investor events, beginning this week. The company […]
Closed Circuit: Hyundai partners with Quebec-based Lithion for battery recycling
Markham, Ontario — Like the person who puts the tongs back on the plate at the buffet, Hyundai Canada is striving to make the EV industry better than when they arrived by partnering with Quebec-based Lithion Recycling to handle the automaker’s battery recycling program. This move by Hyundai attempts to complete a more sustainable production […]
Battery Boost: Lion Electric to open new battery factory with federal and provincial investment
Montreal, Quebec – Lion Electric announced the construction of a battery manufacturing plant and innovation center in Quebec. Prime Minister Justin Trudeau announced the construction of the facility with Marc Bédard, the CEO and founder of Lion Electric. “With today’s announcement, we are continuing to take steps to support our Canadian businesses, invest in innovation, […]
Beware of Batteries: EV batteries may pose a threat to emergency responders
Toronto, Ontario — With electric vehicles gaining popularity, emergency responders may be in serious danger–especially since the automaker’s emergency response guides are suppositively not up to par. According to a new report conducted by National Transportation Safety Board (NTSB) emergency responders may not be able to rely on emergency response guides provided by automakers when […]
Li-Cycle Listed: Ontario battery recyclers files to go public on NYSE
Mississauga, Ontario – Li-Cycle is raising funds for global expansion by going public on the New York Stock Exchange (NYSE) in a deal that values the battery recycler at US$1.7 billion, the company announced Tuesday. The five-year-old private company has unveiled plans to merge with Peridot Acquisition Corp., an NYSE-listed special acquisition corporation (SPAC). If […]
NAATBatt Notes: Lithium-ion batteries are being reused, not scrapped
Toronto, Ontario – While lithium-ion batteries have touted a bad rap for allegedly being tossed in landfills or poorly recycled, they actually boast some of the longest lifetimes and highest reuse rates, Hans Eric Melin, managing director of Circular Energy Storage said during a panel at NAATBatt International 2021. In most consumers’ minds, a vehicle […]
