StoreDot's opening up EV battery CO2 emissions transparency

StoreDot has partnered with Circulor, a supply chain traceability solution, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process. StoreDot says working with Circulor will help to create a more transparent battery supply chain to provide full traceability for global automotive manufacturers and support them in meeting regulatory requirements.

StoreDot and Circulor’s collaboration has already begun, and the two companies are implementing Circulor’s traceability solution to follow upstream battery material production and the corresponding embedded carbon emissions. This information will give StoreDot transparency and enable the company to make such information available to EV OEM customers and regulators requiring information regarding environmental, social and governance (ESG) efforts.

StoreDot has also joined the German government’s “Battery Pass” project as a supporting member alongside Circulor, which is a founding consortium member and leads the technology workstream. The two companies will continue to work within the project to strengthen industry collaboration and prepare for the enactment of the EU Battery Regulation.

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).