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

EcoPro Innovation will procure lithium carbonate from Australian lithium firm Ionner, the South Korean firm said on Thursday.EcoPro Innovation will convert the lithium carbonate into lithium hydroxide to use it as raw material to manufacture high-nickel cathode. It will receive 7,000 metric tonnes o

China’s CATL supplied the most number of electric car batteries in the world between January to May of this year, according to market research firm SNE Research.Usage of CATL batteries during the time period increased 272% from the same time period in 2020.LG Energy Solution’s was used the second mo

LG Energy Solution will procure lithium hydroxide from Australia firm Infinity Lithium, the pair said on Tuesday.The companies signed a non-binding agreement and will sign a binding offtake agreement within twelve months, they said.The binding agreement will give LG Energy Solution first rights over

Samsung SDI has decided to build a new lithium-ion battery factory for electric vehicles in the US, TheElec has learned.The company is aiming to start construction of the factory in 2023, with production beginning in 2025, people with direct knowledge of the matter said.The plan’s specifics will be