Welcome to Canada: South Korean battery plant to create 300 jobs in Windsor
Windsor, Ontario — Another assembly plant has chosen Windsor as its next destination, with a South Korean battery casing firm establishing a factory to support the city’s growing EV infrastructure network. DongShin Motech Ltd announced an investment of $60 million into the 15,794 square-metre manufacturing facility, which is expected to employ 300 people when the […]
Common Denominator: Five OEMs named in NHTSA probe of LG battery defects
Toronto, Ontario — All eyes are on LG Energy Solutions as the National Highway Traffic Safety Administration is in the thick of probing the global energy powerhouse for a number of EV battery-related recalls that stem from the company’s technology. The NHTSA is looking at more than 138,000 vehicles that have been linked to recalls […]
Tuesday Ticker: March 22, 2022
Toronto, Ontario — In this weekly Tuesday Ticker report, Canada’s third-largest auto parts manufacturer preps to prove its battery-making power; LKQ Corp. enters plans to sell its aftermarket glass division and Boyd Group Services announces its Q1 2022 cash dividend. Proving the power Martinrea International said it will begin proving out its battery technology and […]
Green Machine: LKQ acquires EV battery business
Chicago, Illinois — LKQ Corporation is going green with its new announcement that it has gained the business and assets of Green Bean Battery Company. LKQ, a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, has expanded by obtaining the battery company, which focuses on reconditioning and installing hybrid […]
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 […]
Securing a future for electric vehicle batteries
By CRM staff Toronto, Ontario — January 9, 2019 — Booming demand for electric vehicles has sparked a race to acquire metals used in the production of batteries. While only a modest 668,000 battery-powered vehicles were sold in 2017 (out of 82 million passenger vehicles sold worldwide), sales are growing by 78 percent year-on-year, according to business intelligence […]
New Tesla catches on fire twice in one day
By CRM staff Toronto, Ontario — December 21, 2018 — Tesla owners might want to be cautious of their vehicle after a brand new Tesla Model S combusted into flames twice in one day. It all started when the driver noticed his tire pressure was low on his car so he took it […]
Quebec invests in the lithium-ion battery industry
By CRM staff Toronto, Ontario — November 26, 2018 — Propulsion Québec, the province’s smart and electric vehicle cluster, announced the launch of a study on the development of the lithium-ion battery industry in Québec. The study will profile the lithium-ion battery industry and analyze opportunities for Quebec in battery component, cell manufacturing and end-of-life battery recycling. Québec has a […]
Mercedes GLC fuel cell crossover
By CRM staff Toronto, Ontario – October 10, 2018 – Mercedes-Benz is rolling out a new test project in Germany to help refine technology in their first ever GLC F-Cell model. This new design combines a fuel cell with a battery that can be recharged through a wall socket anywhere there is access to power. […]
Honda ‘highly recommends’ dealership inspection of Clarity battery before collision repair
Toronto, Ontario — January 9, 2018 — Late last year, Honda released a recommendation advising autobody shops to have a qualified dealership inspect any of its three alternative-fuel Clarity powertrains during the estimating phase of the repair process. Honda warns that there are various risks associated with the chargeable battery’s high-voltage systems. “If a […]
