Demand for raw materials used in the production of EV batteries is expected to soar, and the UN trade body, UNCTAD, says the industry urgently needs to address the social and environmental impacts of the extraction of raw materials. UNCTAD predicts that the market for EV batteries will grow from an estimated $7 billion to… Read more »
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Northvolt to supply €2 billion worth of green battery cells to BMW
The BMW Group has signed a long-term battery cell supply contract worth 2 billion euros with Swedish supplier Northvolt. The cells will be produced beginning in 2024 at the Northvolt Ett gigafactory, which is currently under construction in Skellefteå in northern Sweden. Northvolt Ett in Sweden is to go on line in 2021 with an… Read more »
Mercedes announces partnership with battery cell manufacturer Farasis
Mercedes-Benz has launched a strategic partnership with the Chinese battery cell manufacturer Farasis Energy, and taken an equity stake in the company. Key elements of the agreement include the development and industrialization of advanced cell technologies as well as goals for cost competitiveness. The technological focus is on significant increases in range through advances in… Read more »
Tesla and Panasonic sign new three-year battery supply deal
Lately it’s seemed that the relationship between Tesla and Panasonic might have hit a rocky patch. The two companies have been partners at Tesla’s Nevada Gigafactory since the beginning, but more recently, they’ve been seeing other people. Last year, Tesla said Panasonic’s battery cell production was constraining Model 3 production. In February, the carmaker announced… Read more »
Samsung SDI injects capital into EcoPro for EV battery materials
Samsung SDI has begun injecting capital into EcoPro EM, a joint venture with EcoPro BM, a supplier of EV battery cathode materials. Samsung said it will contribute 48 billion won ($39 million) to the joint venture for a 40% stake, while EcoPro BM will contribute 72 billion won ($58 million) for a 60% share. EcoPro… Read more »
AMTE Power and Britishvolt sign MoU for UK battery gigafactory
AMTE Power and Britishvolt have announced plans to collaborate on what they call the UK’s first full-cycle battery cell “GigaPlant.” The parties have signed a memo of understanding (MoU) focused on the companies’ complementary ambitions to create and expand an onshore manufacturing supply chain. The collaboration would enable scalable production of a diverse portfolio of… Read more »
OXIS Energy and Mercedes to build Li-S plant in Brazil
OXIS Energy and the Minas Gerais Development Company have signed a 15-year lease agreement with Mercedes Benz Brazil (MBB) to take possession of a plant located at the MBB manufacturing site in Juiz de Fora in southeast Brazil, to produce lithium-sulfur battery cells. NORDIKA Pharmaceutical of Brazil will undertake the design, engineering and machinery layout…. Read more »
SK Innovation increases investment in US EV battery business to $2.5 billion
SK Innovation has announced additional investment in its US battery business to fund the construction of a second EV battery plant in Georgia. The company plans to invest a total of $2.5 billion to build two plants at its site in Commerce, Georgia, with a combined annual capacity of 21.5 GWh. SK broke ground on… Read more »
Fortum, BASF and Nornickel to partner on battery recycling
Finish utility company Fortum, German chemical company BASF, and Russian mining company Nornickel have signed a letter of intent to develop a battery recycling cluster in Harjavalta, Finland. The companies aim to promote the production and use of recycled raw materials in the EV battery market. BASF will use the recycled materials in its planned… Read more »
GM shows 12 future EVs, new Ultium battery system
General Motors opened the doors of its Design Center Wednesday to show off a promised lineup of future electric vehicles to be sold in North America by Chevrolet, Cadillac, GMC, and Buick—a dozen vehicles all told, part of the 20 new EVs by 2023 it promised more than two years ago. Sadly, the journalist-only event… Read more »