Gestamp Tallent Automotive acquires £12m for investment
The European Investment Bank has confirmed it will provide £12 million for investment by Gestamp Tallent Automotive, allowing the company to strengthen innovation and development of specialised chassis and suspension products.
Gestamp Tallent has six plants in the UK where it utilises top-of-the-range technology to make lighter and safer vehicle components. It supplies parts for huge global automotive companies such as Nissan, Jaguar, Land Rover, Bentley, Ford, and Toyota. The company also has an R&D centre within its base of Newton Aycliffe.
Jonathan Taylor, The European Investment Bank's Vice President, stated: “The European Investment bank has a strong track record supporting investment to strengthen the world class leadership of UK industry. We are pleased to continue our cooperation with the UK automotive sector to finance significant new investment by Gestamp Tallent in Newton Aycliffe."
Over the last decade, in response to requests from public sector and private business clients, the self-financing European Investment Bank has provided more than $2.6 billion for transport, education, social housing, water, energy, healthcare, and urban regeneration investment across the North East.
Recent support for investment it the North East has included the Rail Vehicle Manufacturing Facility in Newton Aycliffe that will build new Intercity Express trains, £100 million to underpin Newcastle University’s capital development programme, £330 million for investment by Nissan in Sunderland, £250 million for investment by Northern Powergrid, and backing for upgrading 12 schools across the region.
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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.