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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.

LG Chem to mass produce cable batteries in the near future

SEOUL, Oct. 8 (Yonhap) -- LG Chem Ltd., the world's largest lithium-ion battery maker, said Tuesday that it will churn out cable batteries for IT devices in the coming years. LG Chem said it has completed the development of cable batteries optimized for wearable IT devices, which can bend and tie and still provide power. The company said it will mass produce them in a couple of years. The cable batteries use low power and produce less heat despite extended use, and have waterproof functionality, the company said.

Driving profits: Panasonic to expand in lithium-ion batteries

By Mari Saito and Reiji Murai OSAKA, Japan (Reuters) - Panasonic Corp <6752.T> will expand its lithium-ion battery business, which last year added to a near-record net loss but is now contributing to a turnaround strategy targeting the auto sector, people familiar with the plans said on Wednesday.

LG Chem to provide batteries to Japan's Softbank Mobile

By Nam Kwang-sik SEOUL, Aug. 21 (Yonhap) -- LG Chem Ltd., the world's largest lithium-ion battery maker, said Wednesday that it has signed a deal with Japan's second-largest mobile carrier to provide batteries starting this month. LG Chem said the batteries will be used as uninterrupted power supply (UPS) in 130,000 base stations of Softbank Mobile Corp. The UPS is an electrical apparatus that provides emergency power to base stations when the input power fails.

LG Chem to provide batteries to Japan's Softbank Mobile

By Nam Kwang-sik SEOUL, Aug. 21 (Yonhap) -- LG Chem Ltd., the world's largest lithium-ion battery maker, said Wednesday that it has signed a deal with Japan's second-largest mobile carrier to provide batteries starting this month. LG Chem said the batteries will be used as uninterrupted power supply (UPS) in 130,000 base stations of Softbank Mobile Corp. The UPS is an electrical apparatus that provides emergency power to base stations when the input power fails.

Insight: California aims to 'bottle sunlight' in energy storage push

By Braden Reddall and Nichola Groom SAN FRANCISCO/LOS ANGELES (Reuters) - California, whose green ambitions helped the solar and wind industries take root, is taking an essential next step by proposing a sharp rise in energy storage to better integrate renewable power with the rest of the grid. Power from sun and wind fluctuates dramatically, so capturing it for later use makes the supply more predictable.

Three manufacturers to plead guilty to price fixing: U.S.

WASHINGTON (Reuters) - Panasonic Corp <6752.T>, its affiliate Sanyo Electric Co Ltd <MATEIH.UL> and LG Chem Ltd <051910.KS> agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department said on Thursday. Panasonic agreed to pay about a $45.8 million criminal fine, Sanyo agreed to pay $10.7 million and LG Chem $1.1 million, the department said in a statement. (Reporting by David Ingram; Editing by Gerald E. McCormick)

Panasonic, Sanyo fined $56 mn for price-fixing

Japan's Panasonic and its subsidiary Sanyo have each pleaded guilty to price-fixing involving auto parts and battery cells, agreeing to pay $56.5 million in fines, the US Justice Department said Thursday. A third company, South Korea's LG Chem LTD, also pleaded guilty and will pay a more than $1 million criminal fine for price-fixing for its batteries, the department said in a statement.

Panasonic, Sanyo fined over auto part, battery price fixing

Panasonic Corp. and Sanyo Co. have agreed to pay a total of $56.5 million in fines for their separate involvement in price fixing of automobile parts and battery cells, the U.S. Justice Department said Thursday. LG Chem Ltd. has also agreed to pay a fine of about $1.06 million for its role in the battery cell cartel involving Sanyo, a Panasonic subsidiary, the department said.

Honeywell, maker of 787's emergency transmitter, joining UK fire probe

Honeywell said Monday that it has joined the investigation into last week's fire on a 787 at London's Heathrow Airport amid reports that investigators are eyeing whether its emergency transmitter played a role in the incident. The emergency location transmitter sends a signal with the plane's location if it's involved in a crash. It's meant to help rescuers find the plane.
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