The Ioniq 5 will be the company’s first model in the country based on the electric Global Modular Platform (E-GMP) Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next […]
Batteries
LG Energy Solution signs deal to buy lithium battery materials from U.S. firm
SEOUL : South Korean battery maker LG Energy Solution announced Friday it has signed a multi-year agreement with U.S. mineral provider Compass Minerals. Under the contract, the company would receive 40% of the Compass Minerals’ annual production of 11,000 metric tons of battery-grade lithium carbonate from 2025 to 2030. LG Energy Solution said the price […]
CHINA’S BATTERY SUPPLY CHAIN TOPS BNEF RANKING FOR THIRD CONSECUTIVE TIME, WITH CANADA A CLOSE SECOND
Canada’s recent investment in its upstream clean energy supply and increasing demand in the US-Mexico-Canada Agreement (USMCA) region increases the country’s competitiveness Bali, November 12, 2022–Chinacontinues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row,for both 2022 and its projection for 2027, thanks to continuedsupport for the […]
Giga-scaling low-carbon batteries: A chat with Northvolt CEO Peter Carlsson
As global demand for low-carbon batteries accelerates, Northvolt’s CEO plans to scale a sustainable and profitable business at record speed. Launched in 2016, battery maker Northvolt continues to impress investors. In the last round of funding, the company was valued at more than $11 billion. From the start, cofounder and CEO Peter Carlsson has been […]
Honda, LG to build $3.5B battery plant, hire 2,200 in Ohio – EQ Mag Pro
COLUMBUS, Ohio (AP) : Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub. Honda, which announced its first Ohio factory 45 years ago, also plans to invest […]
Zinc-air batteries get a dramatic boost from low-cost metal breakthroug – EQ Mag Pro
Researchers say they’ve found an efficient and cost-effective solution that could drastically improve zinc-air batteries, an energy storage option that’s clean and safe but, until now, has been hampered by performance issues. The race to find high-density, cost-effective and environmentally friendly batteries is a major hurdle for the realisation of an electrified world, because most […]
CATL Secures a Deal to Supply 10GWh of Battery Energy Storage Systems to FlexGen over Three-Year Period – EQ Mag Pro
Thanks to government pursuing policies that aim to achieve carbon neutrality, demand continues to grow rapidly in the energy storage market, where battery suppliers have been energetic in seizing initiatives and expanding their presence. On September 21, battery supplier CATL signed a long-term supply contract with FlexGen. Under their agreement, CATL will supply 10GWh of […]
Peru targets local lithium battery production, official says – EQ Mag Pro
LIMA : Peru wants to produce lithium batteries domestically, a government official said on Wednesday, joining other Latin American nations with lofty ambitions to industrialize their resources of the ultralight metal needed to power electric vehicles. “We are already starting to act to see if we can develop a battery industry,” said Jaime Chavez, Peru’s […]
Lopal and CATL to Jointly Develop Project for Manufacturing Lithium Carbonate – EQ Mag Pro
Major Chinese battery manufacturer CATL is rapidly expanding its presence in the upstream part of the Li-ion battery supply chain. On September 7, Chinese battery material producer Lopal Technology announced that it will be developing a project for manufacturing lithium carbonate with two wholly-owned subsidiaries of CATL. The production capacity of the project is set […]
E-vehicle makers may get more time for safer battery norms – EQ Mag Pro
Ministry of Road Transport and Highways officials and electric vehicle manufacturers are meeting today on the proposed safety regulations that are to be implemented from October 1. Electric vehicle makers may get some more time to implement the proposed safety regulations for batteries, government sources have indicated to Business Today TV. The Ministry of Road […]