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Daimler acquires lithium-ion battery maker in intensified focus on electric cars

BERLIN - Automaker Daimler AG is acquiring the remaining shares in a lithium-ion battery cell maker from specialty chemical company Evonik Industries AG as it intensifies its focus on electric cars. The German companies said in a statement Tuesday that in addition to acquiring Evonik's 50.1-per cent stake in Li-Tec Battery GmbH, Daimler will also buy Evonik's 10-per cent share in their Deutsche ACCUmotive GmbH The companies say they agreed not to divulge financial details.

LG Chem CEO says mulls electric car battery plant in China

SEOUL (Reuters) - Chief executive of LG Chem said that the South Korean company was considering building an electric vehicle battery plant in China, expecting Beijing's efforts to tackle air pollution to drive demand. Park Jin-soo also said LG Chem, which currently supplies electric-car batteries for General Motors Co's Volt and Renault cars, will double the number of its customers to 20 in the near future.

S. Korean EV battery makers set sights on China

By Nam Kwang-sik SEOUL, March 2 (Yonhap) -- South Korean makers of electric-powered vehicle (EV) batteries are tapping China for promising opportunities in the country combating serious air pollution problems. The EV market in China, the world's biggest auto market, is expected to grow to be the largest in the world by 2020, as its government has been pouring efforts into cleaning up its notoriously bad air. The Chinese government has found part of the answer to the pollution problem in EVs.

S. Korean EV battery makers set sights on China

By Nam Kwang-sik SEOUL, March 2 (Yonhap) -- South Korean makers of electric-powered vehicle (EV) batteries are tapping China for promising opportunities in the country combating serious air pollution problems. The EV market in China, the world's biggest auto market, is expected to grow to be the largest in the world by 2020, as its government has been pouring efforts into cleaning up its notoriously bad air. The Chinese government has found part of the answer to the pollution problem in EVs.

Overheating Dreamliner battery hit 660 Celsius: Japan govt

Japan said on Friday the battery in a Dreamliner jet that spewed white smoke last month could have reached temperatures as high as 660 Celsius (1,220 Fahrenheit). The figure came in an report released by the transport ministry after Japan Airlines grounded one of its Dreamliner planes when the smoke was seen outside the cockpit window during maintenance at Tokyo's Narita airport. It was the latest in a series of problems that have beset the aircraft, including a months-long global grounding over battery problems last year.

LG Chem grabs patent on key battery part in Europe, Japan

SEOUL, Jan. 22 (Yonhap) -- LG Chem Ltd., the world's largest lithium-ion battery maker, said Wednesday that it has obtained a patent for its safety-reinforced separator (SRS), a key component of lithium-ion polymer batteries, in Europe and Japan. SRS serves a crucial process by using a thin coating of ceramic materials to increase the safety of batteries in electric vehicles by separating the negative and positive poles.

LG Chem grabs patent on key battery part in Europe, Japan

SEOUL, Jan. 22 (Yonhap) -- LG Chem Ltd., the world's largest lithium-ion battery maker, said Wednesday that it has obtained a patent for its safety-reinforced separator (SRS), a key component of lithium-ion polymer batteries, in Europe and Japan. SRS serves a crucial process by using a thin coating of ceramic materials to increase the safety of batteries in electric vehicles by separating the negative and positive poles.

In Boeing 787 battery probe, x-rays may offer clues to past incidents

By Alwyn Scott and Tim Kelly TOKYO/SEATTLE (Reuters) - Investigators in Japan are studying x-ray images of a lithium-ion battery from when it left the factory, hoping these may shed some light on why it appeared to overheat on a Boeing 787 Dreamliner jet earlier this week. They will be looking for possible anomalies in the battery, which is made by Japanese firm GS Yuasa, and hope this could also help them resolve two similar battery incidents on separate 787 planes a year ago.

Blue Solutions shares jump in stock market debut

PARIS (Reuters) - Blue Solutions <BLUE.PA> shares rose nearly 30 percent above the issue price in their debut in an initial public offering that was more than 15 times oversubscribed, indicating strong investor interest in the French electric car battery maker. Blue Solutions set a 14.50 euro price tag for the stock, at the top end of a 12-14.50 euro range. It traded at 18.39 euros by 1215 GMT on Wednesday, for a market value of 530 million euros ($730 million). The stock touched a high of 18.64 euros.

Ford, University of Michigan open new lab to speed development of electric car batteries

ANN ARBOR, Mich. - Ford Motor Co. and the University of Michigan are opening a new battery research and manufacturing lab that they hope will speed the development of batteries for electric and hybrid cars. The centre, on the university's campus in Ann Arbor, will bring together battery makers, car companies and researchers who will test new batteries for prototype vehicles.
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