Lithium-ion battery recycling plant coming to Gilbert

Li-Cycle, the largest lithium-ion battery recycler in North America, has announced plans to build its third recycling facility in Gilbert.  This “Spoke 3” facility will be able to process up to 10,000 tons of dead batteries and battery manufacturing scrap a year. The company’s other two “spokes,” or facilities, are located in Rochester, N.Y., where … Read more

Lucid Motors on its way to becoming a publicly traded company

Lucid Motors announced a merger agreement Monday night with special-purpose acquisition company (SPAC) Churchill Capital IV Corp. (CCIV) propelling the EV company toward an IPO.  After the announcement, CCIV stocks plummeted for two days in a row, closing down 18.5% at $28.70 a share on Wednesday. As part of the deal, Lucid will receive approximately … Read more