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Month: June 2021

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Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The Ford+ strategy reveals the new path car manufacturers will have to take if they want to keep up with an EV future. This financial investment “highlights our belief that production-feasible strong state batteries are within reach in this years,” said Hau Thai-Tang, Ford’s primary product platform and operations officer, during the investor day.

The Ford+ plan exposes the brand-new course car manufacturers will have to take if they want to keep up with an EV future. This investment “underscores our belief that production-feasible strong state batteries are within reach in this years,” stated Hau Thai-Tang, Ford’s primary item platform and operations officer, throughout the investor day.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The Ford+ strategy exposes the brand-new path car manufacturers will have to take if they want to keep up with an EV future. This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this years,” stated Hau Thai-Tang, Ford’s primary item platform and operations officer, during the financier day.

The Ford+ plan exposes the new course automakers will have to take if they want to keep up with an EV future. This financial investment “underscores our belief that production-feasible strong state batteries are within reach in this years,” stated Hau Thai-Tang, Ford’s primary product platform and operations officer, throughout the investor day.

Orbion, manufacturer of in-space plasma propulsion systems, raises $20M Series B

By June 24, 2021

Thrusters are utilized throughout the lifespan of a satellite (or any object in area that requires to keep its orbit, like the area station) to change orbital elevation, prevent collisions, and de-orbit the craft once it has actually reached the end of its helpful life. Orbion CEO Brad King said in a statement that the business thought about contract makers however ultimately picked a vertically integrated production design.”The area game is altering,” Inventus Capital Partners investor Kanwal Rekhi said in a declaration.

had actually formerly raised a $9.2 million Series A in August 2019. Since that time, the business secured a research collaboration with the U.S. Department of Defense that’s testing the resiliency of American area systems. Orbion likewise landed an agreement with satellite maker Blue Canyon Technologies last September.

The company is facing “extraordinary market demand” for its Aurora system, King stated. With the boom of the so-called new space economy, driven in part by the reduced costs of processors, components and even launch, it’s no surprise that there’s been a concurrent uptick in demand for efficient in-space propulsion systems.

The Michigan-based start-up manufactures Hall impact plasma thrusters for usage in small and cube satellites. Thrusters are used throughout the lifespan of a satellite (or any things in space that needs to maintain its orbit, like the spaceport station) to change orbital elevation, prevent accidents, and de-orbit the craft once it has actually reached completion of its beneficial life. Hall thrusters use a magnetic field to ionize a propellant and produce plasma.

Image Credits: Orbion Space Technology (opens in a new window) The company

Electric propulsion developer Orbion Space Technology has raised $20 million in a Series B financing round, which it states it will use to scale production capacity of its Aurora propulsion system.

This latest financing round was led by the US-India VC firm Inventus Capital Partners, with additional involvement from Material Impact, Beringea and Wakestream Ventures.

While they have long been used in space, this type of thruster has mainly been too costly for small satellite operators. Orbion states it has actually created an affordable production capability to meet the growing need of startups and developers releasing to low Earth orbit. Orbion CEO Brad King stated in a statement that the business considered agreement producers but ultimately selected a vertically integrated production model. Now, the business says it has outgrown its existing production area.

“The space video game is changing,” Inventus Capital Partners financier Kanwal Rekhi stated in a statement. “Large satellites are being changed by a wide range of nano-satellites; simply like the PCs changed mainframes. Orbion is offering these nano-satellites maneuverability to enter more accurate orbits and stay there longer.”

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The Ford+ plan exposes the new path automakers will have to take if they desire to keep up with an EV future. This investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” stated Hau Thai-Tang, Ford’s chief item platform and operations officer, throughout the financier day.

The Ford+ strategy reveals the brand-new course automakers will have to take if they desire to keep up with an EV future. This investment “highlights our belief that production-feasible strong state batteries are within reach in this decade,” said Hau Thai-Tang, Ford’s chief item platform and operations officer, during the financier day.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The Ford+ plan reveals the brand-new course car manufacturers will have to take if they want to keep up with an EV future. This financial investment “underscores our belief that production-feasible solid state batteries are within reach in this decade,” said Hau Thai-Tang, Ford’s primary product platform and operations officer, during the investor day.

The Ford+ strategy reveals the new path car manufacturers will have to take if they want to keep up with an EV future. This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” stated Hau Thai-Tang, Ford’s chief item platform and operations officer, throughout the financier day.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

For business cars, Ford is dealing with a battery cell made with lithium ion phosphate chemistry, which it’s calling the Ion Boost Pro, which it states is cheaper and better for task cycles that need less range.

Ford is increasing its investment in its electric lorry future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company revealed the fresh cashflow into its EV and battery advancement method, dubbed Ford+, during a financier day on Tuesday.

The Ford+ strategy exposes the new course car manufacturers will have to take if they want to keep up with an EV future. This investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” said Hau Thai-Tang, Ford’s primary item platform and operations officer, during the financier day.

The business said it expects 40% of its worldwide automobile volume to be totally electric by 2030. Ford sold 6,614 Mustang Mach-Es in the U.S. in Q1, and since it revealed its F-150 Lightning recently, the company states it has actually already generated 70,000 client bookings.

“The cell chemistry, paired with Ford’s proprietary battery control algorithm featuring high accuracy sensing innovation, provides higher efficiency and variety for clients,” said Thai-Tang.

This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this years,” said Hau Thai-Tang, Ford’s chief item platform and operations officer, throughout the financier day. “Solid Power’s sulphide-based solid electrolyte and silicon-based anode chemistry delivers remarkable battery improvements in performance, consisting of increased variety, lower expense, more vehicle interior area and much better worth and higher safety for our clients.”

At Ford’s Ion Park center, a battery R&D center Ford is constructing in Michigan, the car manufacturer has actually united a team of 150 experts to research study and develop a game plan for the next generation of lithium ion chemistries and Ford’s new energy-dense battery innovation, the Ion Boost +.

The strong state battery production process doesn’t differ excessive from the existing lithium ion battery process, so Ford will be able to recycle about 70% of its production lines and capital expense, according to Thai-Tang.

The Ford+ plan reveals the brand-new course car manufacturers will have to take if they wish to stay up to date with an EV future. Historically, China, Japan and Korea have owned much of the world’s battery production, but as major OEMs begin constructing electrical automobiles, the need is far outstripping supply, forcing car producers to invest their own resources into advancement. General Motors is constructing a battery factory with LG in Ohio, and BMW joined Ford to buy solid state battery startup Solid Power.

The Ion Boost +’s distinct cell pouch format is not just perfect for powering Ford’s bigger cars, but it could also help the business lower battery costs 40% by mid-decade, the business says.

“Our supreme objective is to deliver a holistic community consisting of services that ought to permit us to attain greater success over time with BEVs than we do today with ICE automobiles,” said Thai-Tang.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

At Ford’s Ion Park center, a battery R&D center Ford is integrating in Michigan, the automaker has actually combined a team of 150 professionals to research and produce a strategy for the next generation of lithium ion chemistries and Ford’s brand-new energy-dense battery technology, the Ion Boost +.

“Our supreme objective is to provide a holistic ecosystem consisting of services that must allow us to accomplish greater profitability gradually with BEVs than we do today with ICE vehicles,” stated Thai-Tang.

This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” said Hau Thai-Tang, Ford’s primary product platform and operations officer, throughout the financier day. “Solid Power’s sulphide-based solid electrolyte and silicon-based anode chemistry delivers outstanding battery enhancements in efficiency, consisting of increased range, lower cost, more vehicle interior area and better value and greater safety for our consumers.”

The solid state battery manufacturing procedure doesn’t differ excessive from the existing lithium ion battery procedure, so Ford will be able to recycle about 70% of its manufacturing lines and capital expense, according to Thai-Tang.

Ford is increasing its investment in its electrical lorry future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development technique, called Ford+, throughout a financier day on Tuesday.

The business said it anticipates 40% of its international car volume to be totally electrical by 2030. Ford sold 6,614 Mustang Mach-Es in the U.S. in Q1, and given that it unveiled its F-150 Lightning last week, the company says it has already accumulated 70,000 consumer appointments.

The Ford+ strategy reveals the brand-new course car manufacturers will have to take if they want to keep up with an EV future. This financial investment “highlights our belief that production-feasible strong state batteries are within reach in this years,” said Hau Thai-Tang, Ford’s chief product platform and operations officer, throughout the financier day.

“The cell chemistry, combined with Ford’s exclusive battery control algorithm including high precision noticing technology, delivers greater effectiveness and range for consumers,” said Thai-Tang.

If they want to keep up with an EV future, the Ford+ plan exposes the brand-new path car manufacturers will have to take. Historically, China, Japan and Korea have owned much of the world’s battery production, however as significant OEMs start developing electrical cars, the demand is far outstripping supply, requiring automobile producers to invest their own resources into development. General Motors is constructing a battery factory with LG in Ohio, and BMW signed up with Ford to buy strong state battery startup Solid Power.

For business lorries, Ford is dealing with a battery cell made with lithium ion phosphate chemistry, which it’s calling the Ion Boost Pro, which it says is cheaper and much better for duty cycles that need less range.

The Ion Boost +’s distinct cell pouch format is not just perfect for powering Ford’s larger automobiles, however it might also help the company decrease battery expenses 40% by mid-decade, the company says.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The solid state battery production procedure doesn’t vary too much from the existing lithium ion battery procedure, so Ford will be able to reuse about 70% of its production lines and capital financial investment, according to Thai-Tang.

“Our supreme goal is to provide a holistic community consisting of services that need to permit us to attain greater success gradually with BEVs than we do today with ICE automobiles,” stated Thai-Tang.

The Ford+ plan reveals the new course car manufacturers will need to take if they want to stay up to date with an EV future. Historically, China, Japan and Korea have owned much of the world’s battery production, however as major OEMs start building electrical vehicles, the need is far overtaking supply, forcing car makers to invest their own resources into advancement. General Motors is constructing a battery factory with LG in Ohio, and BMW signed up with Ford to invest in strong state battery start-up Solid Power.

For business automobiles, Ford is dealing with a battery cell made with lithium ion phosphate chemistry, which it’s calling the Ion Boost Pro, which it says is less expensive and better for responsibility cycles that require less variety.

The Ion Boost +’s distinct cell pouch format is not only perfect for powering Ford’s bigger lorries, but it could likewise help the business decrease battery costs 40% by mid-decade, the company says.

The Ford+ plan exposes the new course automakers will have to take if they desire to keep up with an EV future. This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” said Hau Thai-Tang, Ford’s primary item platform and operations officer, throughout the financier day.

Ford is increasing its investment in its electrical automobile future to $30 billion by 2025, up from a previous invest of $22 billion by 2023. The business revealed the fresh cashflow into its EV and battery development technique, called Ford+, during an investor day on Tuesday.

“The cell chemistry, paired with Ford’s proprietary battery control algorithm including high accuracy picking up innovation, delivers higher effectiveness and variety for customers,” stated Thai-Tang.

This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this decade,” stated Hau Thai-Tang, Ford’s primary item platform and operations officer, during the financier day. “Solid Power’s sulphide-based solid electrolyte and silicon-based anode chemistry provides impressive battery improvements in efficiency, including increased range, lower cost, more automobile interior area and better worth and greater safety for our clients.”

The business said it expects 40% of its international automobile volume to be completely electric by 2030. Ford sold 6,614 Mustang Mach-Es in the U.S. in Q1, and considering that it unveiled its F-150 Lightning recently, the company says it has currently collected 70,000 customer appointments.

At Ford’s Ion Park facility, a battery R&D center Ford is integrating in Michigan, the automaker has united a group of 150 specialists to research and develop a tactical plan for the next generation of lithium ion chemistries and Ford’s new energy-dense battery technology, the Ion Boost +.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

This financial investment “highlights our belief that production-feasible strong state batteries are within reach in this decade,” stated Hau Thai-Tang, Ford’s primary product platform and operations officer, during the investor day. “Solid Power’s sulphide-based solid electrolyte and silicon-based anode chemistry delivers remarkable battery improvements in performance, including increased range, lower expense, more automobile interior area and much better worth and higher safety for our customers.”

The Ford+ plan reveals the new course automakers will have to take if they desire to keep up with an EV future. This investment “highlights our belief that production-feasible strong state batteries are within reach in this years,” stated Hau Thai-Tang, Ford’s chief product platform and operations officer, during the investor day.

“The cell chemistry, coupled with Ford’s proprietary battery control algorithm including high precision picking up technology, delivers greater efficiency and range for clients,” stated Thai-Tang.

“Our ultimate goal is to deliver a holistic ecosystem including services that need to allow us to achieve greater profitability with time with BEVs than we do today with ICE automobiles,” stated Thai-Tang.

The Ion Boost +’s special cell pouch format is not only ideal for powering Ford’s bigger automobiles, however it might also help the business lower battery costs 40% by mid-decade, the business says.

For business lorries, Ford is working on a battery cell made with lithium ion phosphate chemistry, which it’s calling the Ion Boost Pro, which it states is cheaper and much better for duty cycles that require less range.

Ford is increasing its investment in its electric lorry future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The business revealed the fresh cashflow into its EV and battery development technique, dubbed Ford+, throughout an investor day on Tuesday.

The business said it expects 40% of its worldwide vehicle volume to be completely electrical by 2030. Ford sold 6,614 Mustang Mach-Es in the U.S. in Q1, and since it revealed its F-150 Lightning last week, the business says it has actually already collected 70,000 client appointments.

At Ford’s Ion Park facility, a battery R&D center Ford is integrating in Michigan, the automaker has united a group of 150 professionals to research study and produce a strategy for the next generation of lithium ion chemistries and Ford’s brand-new energy-dense battery innovation, the Ion Boost +.

The solid state battery manufacturing procedure does not vary excessive from the existing lithium ion battery process, so Ford will be able to reuse about 70% of its manufacturing lines and capital financial investment, according to Thai-Tang.

If they desire to keep up with an EV future, the Ford+ plan exposes the new course car manufacturers will have to take. Historically, China, Japan and Korea have actually owned much of the world’s battery manufacturing, but as significant OEMs start constructing electrical cars, the need is far outstripping supply, requiring car producers to invest their own resources into advancement. General Motors is constructing a battery factory with LG in Ohio, and BMW signed up with Ford to invest in strong state battery startup Solid Power.

Ford’s $30B investment in electric revs up in-house battery R&D

By June 24, 2021

The Ford+ strategy exposes the brand-new path automakers will have to take if they want to keep up with an EV future. This financial investment “highlights our belief that production-feasible solid state batteries are within reach in this years,” stated Hau Thai-Tang, Ford’s chief product platform and operations officer, during the financier day.

The Ford+ plan reveals the brand-new path automakers will have to take if they want to keep up with an EV future. This investment “underscores our belief that production-feasible solid state batteries are within reach in this decade,” stated Hau Thai-Tang, Ford’s primary product platform and operations officer, during the investor day.