Bosch set to invest €77mn in R&D in Germany
The Germany-based company, Bosch, is set to invest €77mn ($89mn) on expanding its existing research and development centre in Schwieberdingen, electrive.com reports.
It is anticipated that the money will be spent on developing new offices for employees that work on electric transport solutions.
The firm is expected to spend €27mn of the figure this year with the remaining €50mn set to be invested the year after.
In Schwieberdingen, it is thought the company is building high voltage batteries for electric vehicles in addition to other solutions.
Bosch remain focused on delivering electric mobility and anticipates that 20mn hybrid and electric vehicles will be sold worldwide in 2025.
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The firm has been expanding its German interests having began production on its Dresden facility which will be utilised as Bosch’s second semiconductor manufacturing site.
The company is actively looking to employ 600 skilled workers as a result of the investment.
As from 2021, it will primarily produce processors to offer e-mobility and becomes the biggest acquisition in the company’s history valued at €1bn.
The move sees Bosch become close to rivals VW and BMW, which began work on developing electric cars in Saxony.
The news comes after it was confirmed that BASF’s shares had risen 3% after June’s quarters numbers were announced.
Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.