battery production

G&W subsidiary to service Hyundai’s $5.5B EV and battery facility

A train on a rail track with intermodal containers in the background.

Georgia Central Railway will service Hyundai Motor Group’s new $5.5 billion electric vehicle and battery manufacturing facility near Savannah, Georgia, its parent company Genesee & Wyoming announced Monday. 

The short line will transport inbound materials to support production, as well as outbound finished vehicles to markets across the U.S. Commercial production is expected to start in the first half of 2025. Georgia Central has access to the North American rail network via CSX (NASDAQ: CSX)...

https://www.freightwaves.com/news/gw-subsidiary-to-service-hyundais-55b-ev-and-battery-facility

Aluminum-air battery innovator wins spot in Yara Marine X program

Yara Marine X accelerator program chose Phoenician Energy for its aluminum-air battery innovations.

Phoenician Energy’s aluminum-air batteries won a place in Yara Marine X’s accelerator program for startups working for greener shipping, Yara Marine X announced recently. 

Yara Marine Technologies is headquartered in Oslo, Norway, and has offices in Sweden, China and Singapore. The company’s goal since being founded in 2010 is to enable a greener maritime industry through technology such as high-quality scrubber systems.

The six-month accelerator program is tailored to give Phoenician Energy the...

https://www.freightwaves.com/news/aluminum-air-battery-innovator-wins-spot-in-yara-marine-x-program

Blank check companies target battery and charging suppliers

Romeo Systems Inc., which makes lithium-ion battery modules and packs for commercial electric vehicles, is the latest vehicle electrification technology company to pursue public ownership through a reverse merger.

Romeo, based in the Los Angeles suburb of Vernon, California, announced a definitive agreement Monday with RMG Acquisition Corp. (NYSE: RMG), a special purpose acquisition company (SPAC), to combine businesses. Romeo Power’s pro forma valuation would be $1.33 billion.

Energy-related...

https://www.freightwaves.com/news/blank-check-companies-target-battery-and-charging-suppliers