Investors pour over £160m into UK lithium battery maker in EV boom

Published by
City AM

By Millie Turner Investors have poured $220m (£164m) into UK-based lithium battery maker Nexeon, as the electric vehicle boom boosts the value of the in-demand power source. The funding will be used to accelerate the company’s manufacturing capabilities, as it seeks to mass produces “tens of thousands of metric tonnes” of its products, which are critical in rechargeable lithium-ion batteries, each year. Nexeon’s backers include New York-listed tech firm Ingevity Corporation, alongside a raft of Asia-based investors. Hong Kong’s GLY Mobility Fund and Korean private equity investors Daishin Priv…

dailycontributor

Leave a Reply Cancel reply

Blockchain Business Crypto

BlackRock launches Bitcoin Private Trust, Ethereum’s Merge upgrade tentatively scheduled

Published by City AM By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin started last week at around $24,000 and moved sideways throughout it, at one point reaching a $25,000 high and a $22,500 low. Ethereum’s Ether, the second-largest cryptocurrency by market cap, moved slightly upward throughout the week, starting it at […]

Blockchain Business Crypto

Terra Luna crash: ‘I alone am responsible,’ says CEO Do Kwon in first interview since collapse

Published by Euronews (English) Do Kwon, the founder of Terra, has given his first interview since the spectacular crash of his crypto project in May left many to lose their life savings and lose their faith in so-called stablecoins. “I’ve never thought about what could happen to me if this fails,” the Terraform Labs (TFL) […]

Blockchain Business Crypto

Crypto Mixing Services Caught Up in Storm of Controversy

Published by The Street By Rob Lenihan Tornado Cash, a mixing services for cryptocurrencies, is being hit with government sanctions related to money laundering. Earlier this year, Roman Semenov, co-founder Tornado Cash, a mixing services for cryptocurrencies, said that it would be “technically impossible” for sanctions to be enforced against decentralized protocols. “All we do […]