The Toyota Research Institute (TRI) announced it is investing $35 million in materials science research that uses artificial intelligence and machine learning to help accelerate the design and discovery of advanced materials.
China, like many other countries around the globe, hopes to reduce air pollution through the increased use of electric cars. Last year, thanks to favorable government policies designed to increase both manufacturing and consumer sales, the country sold more electric cars than the U.S. for the first time, according to China Association of Automobile Manufacturers.
Albemarle, a U.S.-based specialty chemical company, will add 50,000 metric tons of mineral conversion production capacity to boost battery grade lithium production (including lithium carbonate and lithium hydroxide). Citing the growing needs of the energy storage market, especially for customers in the global transportation industry that use lithium ion battery technology, Albemarle intends the expansion to further solidify its cost leadership position in the growing market for lithium carbonate and lithium hydroxide