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Nov 30, 2023
Our Next Energy (ONE) started off this week by laying off about one-quarter of its staff. The layoffs came as the company seeks to preserve cash as it gets ready to start ramping up production of its in-house lithium iron phosphate (LFP) cells in 2024. However, while layoffs are never great, also got some positive news this week with test results from a BMW iX equipped with a prototype of its new Gemini dual chemistry battery that went 608 miles on a charge.
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