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Tag Archives: EV battery ‘gold rush’
LG Energy Solution, Toyota Sign Long-Term Battery Deal
The deal is LG Energy Solution’s largest single supply agreement secured outside of its many joint ventures. The company now supplies its batteries to all top five global automakers[based on 2022 sales]. The company has eight battery manufacturing facilities currently operating or under construction in North America, and continues to expand both its production network and supply chain in the region. Continue reading
Posted in electric vehicles, global warming, mobility company, news analysis
Tagged aluminum, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, cobalt, EV battery ‘gold rush’, Ken Zino, manganese, nickel, Tetsuo Ted Ogawa, Toyota Motor North America, Youngsoo Kwon
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GM, Samsung SDI Announce New US Battery Cell Plant
General Motors (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States. The plant will have more than 30 GWh of capacity and will bring GM’s total U.S. battery cell capacity to about 160 GWh when it is at full production in ~2026. The companies plan to jointly operate the facility, and it is projected to have production lines to build nickel-rich prismatic and cylindrical cells. Continue reading
GM Ventures is Investing in EnergyX for EV Batteries
EnergyX’s direct lithium extraction technology, so-called DLE, can make lithium metal directly from brine and possibly in anode-ready form for EV batteries. GM said this enables a “more cost-effective and sustainable lithium recovery to unlock a vast lithium supply chain in North America that may otherwise be unviable.” Continue reading
GM and LG Chem Have Deal on Battery Materials
The supply agreement – the latest in the EV battery ‘gold rush’ – will help GM meet its growing EV production needs. CAM is a key battery material consisting of components such as processed nickel, lithium and other materials representing about 40% of the cost of a battery cell. Continue reading
Stellantis and CATL MoU for Lithium Iron Phosphate Batteries
Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use lithium iron phosphate (LFP) batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability. Continue reading →