Novi, Michigan-based battery startup Our Next Energy (ONE) started off this week on a major down note 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, especially at the beginning of the holiday season, 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.
BMW i Ventures was the lead investor
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