Samsung SDI was considering procuring silicon anode preferably from MK Electron and Dongjin Semichem, TheElec has learned.The silicon anode was previously supplied soley by China’s BTR.South Korea’s Hansol Chemical has build a factory in South Korea for a potential supply deal with Samsung SDI, but

High-end automobile brand Mercedes-Benz will only manufacture electric vehicles starting in 2030, the company said on Thursday.The brand, part of Daimler Group, will stop investing in combustible engine cars after 2025.Mercedes-Benz will spend 40 billion euros for the plan. It will also construct ei

Engineers of electric truck startup Rivian has visited South Korea to meet with their partners based in the country, TheElec has learned on Thursday.They aren’t planning to meet those at LG Energy Solution, SK Innovation and Samsung SDI, the three South Korean battery makers.Rather, they are visitin

LG Energy Solution will procure lithium from Australia’s Vulcan Energy.The five year contract can be extended by another five years. The contract will be signed in November.Vulcan Energy will supply 5,000 metric tonnes of lithium hydroxide in 2024. Afterwards, it will supply 10,000 metric tonnes of

Battery cathode maker EcoPro BM is in talks to supply high-nickel cathode to SK Innovation, TheElec has learned.EcoPro BM will be supplying NCM9½½ (nickel, cobalt and manganese in 9 to 0.5 to 0.5 ratio) cathode.The contract will likely be worth 4 trillion won for four years of supply, people familia

The chief of Prime Planet Energy & Solutions, the battery joint venture of Toyota and Panasonic, said the company plans to reduce to cost of electric car batteries by half starting in 2022.Prime Plant president Hiroaki Koda told Bloomberg that the company’s aim is reduce cost further by 70% by 2025.

Cosmo AM&T will expand its NCM (nickel, cobalt and manganese) cathode production by 50,000 metric tonnes, the company said on Monday.It will spend 150 billion won for the expansion, which will be completed by 2023.In total, Cosmo AM&T will have an annual production capacity of 70,000 metric tonnes p

SK Materials, an affiliate of South Korean energy firm SK Innovation, will form a joint venture with US battery material startup Group14 Technologies.The South Korean company will spend around 70 billion won for a substantial stake in the venture, people familiar with the matter said on Monday.The j

Ford will “definitely” continue to collaborate with SK Innovation even after it begins making its own batteries, a company executive said.Darren Palmer, general manager of Ford’s battery electric vehicles division, said at Chicago Auto Show 2021 that the US autogiant will definitely continue its col

South Korean battery equipment maker TSI will be supplying its equipment to Automotive Cell Company (ACC), a joint venture of Stellantis, TheElec has learned.ACC’s battery factory is planned to be built at Nersac in the southern region of France. The equipment will be installed there.Stellantis, whi

LG Chem vice chairman Shin Hak-cheol confirmed on Wednesday that the company was preparing to form a joint venture to procure a metal used as a precursor for cathode with a mining firm.Shin said at a press conference in Seoul that the company plans to collaborate with the mining firm, which as techn

LG Chem is planning to form a joint venture with Korea Zinc that will produce precursors for battery cathodes, TheElec has learned.LG Group chairman Koo Kwang-mo recently med with Korea Zinc vice chairman Choi Yun-birm to arrange for their collaboration, sources said.The joint venture will be formed

Sungeel Hitech said on Monday that it has completed its second battery recycling factory in Hungary.The new factory can process 50,000 metric tonnes of used batteries per year. This is equivalent to batteries used to power 20,000 units of electric cars per year.Sungeel said it can extract 96% of the

EVE Energy will acquire a stake in a local lithium producer in China that will see it procure 30,000 metric tonnes of lithium per year through a joint venture, Reuters reports.The Chinese battery firm will acquire a 28.1% stake in Jinkulun Lithium Industry.The pair will form a joint venture based in

French battery startup Verkor has raised 100 million euros in funding.The funds will be used by the company to build a battery factory in France.The funding round was led by EQT Ventures and Renault Group, which the startup supplies batteries to.Verkor was founded in July last year. It is based at G

Stellantis said on Thursday that it plans to spend 30 billion euros in the next five years to expand its electric vehicle (EV) business.The automobile giant said it plans to have 70% and 40% of its sales from Europe and the US, respectively, come from EV models by 2030.Stellantis said it plans to ma

LG Chem is planning to triple its battery cathode production in South Korea, TheElec has learned.The company’s advanced material business is aiming to increase cathode production in the country to 130,000 metric tonnes per yearLG Chem’s current production capacity stands at 40,000 metric tonnes per

Wonik PNE, formerly PNE Solution, will be supplying formation equipment for cylinder batteries to Samsung SDI’s battery factory at Seremban, Malaysia, TheElec has learned.The deal is likely worth tens of billions of wons. Samsung SDI is planning to spend around 200 billion won to manufacture cylinde

General Motors on Friday said it has formed a strategic investment into Controlled Thermal Resources (CTR) to secure local and low-cost lithium.The lithium will be sourced from CTR’s Hell's Kitchen Lithium and Power development in the Salton Sea Geothermal Field, located in Imperial, California.CTR

SK Innovation said on Thursday that it was planning to split off its battery business and commence an IPO.Company president and head of batter business Ji Dong-seop said at an media event in Seoul that the company was planning to commence this process quickly to not miss the opportunity to receive i