Visiting South Korean companies to discuss facility constructionBeyond R&D, mass production seems to be in mind It was confirmed that General Motors (GM) and Ford, the leading automakers in the United States, discussed the establishment of independent production facilities with leading domestic battery manufacturers in South Korea. Several equipment companies that met with GM and… Continue reading GM and Ford to promote battery pilot line with ‘K-equipment’
Author: ET News Online News
CATL of China launches high-nickel ternary battery
CATL of China has officialized the launch of the high-nickel ternary (NCM·NCMA) battery, which is the key product of its South Korean and Japanese counterparts. CATL has been ranked the highest in global market share for the third year with the lithium iron phosphate (LFP) battery. By adding high-nickel ternary batteries to the lineup following… Continue reading CATL of China launches high-nickel ternary battery
LG Energy Solution to build a 4680-battery production plant…potential supply to Tesla
LG Energy Solution will invest KRW 730 billion in its Ochang plant in South Korea to build and expand the production line for next-generation cylindrical batteries. This investment includes mass-production facilities and production of the ‘4680’ cylindrical battery, Tesla’s main battery. LG Energy Solution will gain a core competence for customer diversification by equipping the… Continue reading LG Energy Solution to build a 4680-battery production plant…potential supply to Tesla
SFA continues to strengthen secondary battery manufacturing and inspection equipment technology
SFA recently supplied its self-developed equipment for the secondary battery assembly process to a domestic battery cell manufacturer. It targets the secondary battery process market based on its fast-processing speed and stability SFA introduced its secondary battery assembly process equipment such as stack, degassing, and electrolyte injectors at its Asan plant in South Chungcheong Province.… Continue reading SFA continues to strengthen secondary battery manufacturing and inspection equipment technology
Panasonic to build a ‘4680 battery’ plant for Tesla in the US
Expected completion by 2028…Up to 4 times the local production capacity Japan’s Panasonic Corporation is building a new large-scale battery plant comprising hundreds of gigawatts (GWh) in the United States. Panasonic is the third company to build a large-scale plant in the US, following LG Energy Solution and SK On. Panasonic’s new plant will be… Continue reading Panasonic to build a ‘4680 battery’ plant for Tesla in the US
BMI reports that global battery production will reach 6000 GWh in 2031…which is equivalent for 90 million EVs
There is a report announcing that global battery production will reach 6000 GWh by 2031. This is equivalent to 90 million EVs, which is one year sales. According to ‘May 2022 Gigafactory Assessment’ released by Benchmark Mineral Intelligence (BMI), the number of batteries gigafactories that are currently in progress worldwide has exceeded 300. The lithium-ion… Continue reading BMI reports that global battery production will reach 6000 GWh in 2031…which is equivalent for 90 million EVs
Battery materials industry sees benefit from ‘quota tariffs’
Application of cobalt sulfate, electrolyte, etc.Effect of purchasing key items tariff-freeLG Chem, POSCO Chemical, etc.Significant improvement in operating profit in Q1 The operating profit margin of the battery materials industry was found to have improved significantly in the first quarter. This appears to be due to the temporary quota tariff benefits implemented by the government.… Continue reading Battery materials industry sees benefit from ‘quota tariffs’
Northvolt producing first commercial electric vehicle battery in Europe
Northvolt has started producing battery cells for electric vehicles for the first time in Europe. It is expected to bring some changes in the European electric vehicle market, which has largely depended on three Korean battery companies and Panasonic from Japan. Northvolt announced that they have started commercial production and shipment of battery cells since… Continue reading Northvolt producing first commercial electric vehicle battery in Europe
‘Surge in raw material prices’… Clash over price linkage system between battery and ESS industry
Increased in mineral prices… Burden from increased manufacturing costUncertainties from supply contract to delivery dateBatteries industry already received a green light from ‘finished vehicles i The battery and energy storage system (ESS) industries clashed over a price linkage system for raw material. This situation occurred due to a significant increase in battery manufacturing costs as… Continue reading ‘Surge in raw material prices’… Clash over price linkage system between battery and ESS industry
Growth of electric vehicles ‘running out of Lithium Nickel soon’… Warning continues
Benchmark Mineral Intelligence report42 billion USD investment needed for just nickel next yearThree times more than 600,000 tons of production forecastDiagnosed that nickel shortage of 230,000 ton There are continuous warnings on supply of the core material for batteries, lithium and nickel will not be able to keep up with demands as demand for electric… Continue reading Growth of electric vehicles ‘running out of Lithium Nickel soon’… Warning continues