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EVE Energy Debuts AI Battery at IAA Transportation 2026, Signs Over 30 GWh in Orders
EVE Energy unveiled its EVE Open Source Battery 4.0: AI Battery at IAA TRANSPORTATION 2026 in Hannover, marking the product's European debut and securing on-site strategic cooperation orders exceeding 30 GWh. The AI Battery, built on the company's LMX chemistry platform, integrates a custom-built AI chip to enable cell-level active sensing, real-time diagnostics and intelligent optimisation, replacing conventional passive battery management systems. EVE also exhibited Open Source Battery 3.0 alongside the 4.0 lineup, which includes LMX chemistry cells LM815, LM285 and V63, the LM815-641kWh underfloor battery system for heavy-duty trucks and the B3E-LF206S battery system for buses. The company signed on-site cooperation agreements with BMZ, Janus Electric, Morris Commercial, Sunswap, WEG and others, with total contracted orders exceeding 30 GWh. EVE said the products comply with stringent European market access requirements and are designed to address safety, environmental adaptability and full-lifecycle economics demands in the region's commercial vehicle market.
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Cabot Expands Battery Materials Platform With $50M DOE Grant
Cabot Corporation is expanding domestic production of advanced conductive additives at its Franklin, Louisiana, and Pampa facilities through a modified $50 million grant from the U.S. Department of Energy's Office of Critical Minerals and Energy Innovation. The funding, combined with approximately $75 million of Cabot investment, is intended to meet rising demand for energy storage systems, AI infrastructure, data centers, grid modernization and broader electrification. Under the revised agreement, Cabot will redirect funding from its originally planned Michigan project toward a two-site brownfield expansion, a move expected to accelerate development, improve production efficiency and strengthen supply capabilities. The investment will support Franklin's production of LITX advanced battery-grade conductive carbons, while the Pampa facility will establish Cabot's first commercial-scale production of carbon nanostructures and part of its ENERMAX product family, with both projects expected to become operational by the end of 2028. Cabot's shares have gained 17% year to date compared with the industry's 13.7% rise in the same period.
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Factorial Energy jumps 14.4% on Mitsui Kinzoku solid-state battery deal
Factorial Energy shares jumped 14.4% in Thursday's trading after the company said it will partner with Japan's Mitsui Kinzoku to accelerate the global scale-up of its Solstice all-solid-state battery platform. Mitsui Kinzoku produces sulfide-based solid electrolytes for all-solid-state batteries and is one of few companies worldwide with foundational technology in this space, Factorial said. The Japanese company also produces ultra-thin copper foil and holds an estimated 90% share of the semiconductor market for that foil. Mitsui Kinzoku Senior Executive Officer Kiyotaka Yasuda said the two companies aim to accelerate the realization of next-generation batteries by combining Mitsui Kinzoku's long-established expertise in materials and manufacturing technologies with Factorial's advanced technological capabilities. Factorial Energy shares began trading on Nasdaq in June following the completion of its business combination with Cartesian Growth Corporation III.