LG Energy Solution has signed separate partnership agreements with three mineral suppliers in Canada. LGES will purchase cobalt from Electra Battery Materials, and lithium from Snow Lake Resources and Avalon Advanced Materials. LGES signed a binding term sheet with Electra, which will supply 7,000 tons of cobalt sulfate for three years starting in 2023. Electra… Read more »
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Celgard to supply separators for American Battery Factory’s LFP cells
Polypore International subsidiary Celgard has entered into a strategic alliance with American Battery Factory (ABF) to produce LFP batteries. Under the terms of the agreement, Celgard will supply 100% of ABF’s separator needs for LFP battery cells in the US. “LFP represents an important market, and Celgard dry-process membrane separators offer a high-performance technology solution… Read more »
LG Energy Solution and Honda form JV for EV battery production in the US
LG Energy Solution and Honda have agreed to establish a joint venture to produce lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. The two companies will invest a total of $4.4 billion to establish a new US plant that will eventually have an annual production capacity… Read more »
Belgian transit agency De Lijn invests in intelligent charging and depot management software
De Lijn, a public transport agency that serves the Flanders region of Belgium, operates a fleet of around 2,240 buses and 399 trams. The company plans to offer emission-free public transport by 2035, which means that approximately 2,100 buses and more than 50 depots must be updated. De Lijn recently installed an integrated depot and… Read more »
LG Energy Solution is hosting a competition to find battery startups
LG Energy Solution is hosting LGES Battery Solution 2022—an international competition aimed at finding battery startups. Up to 10 finalists will win funding and a collaboration opportunity. Startups can compete in the areas of materials, management and control and the smart factory. Up to $1,000,000 cash prize will be awarded among all finalists of the… Read more »
LG Energy Solution partners with Compass Minerals to secure US lithium supply chain
LG Energy Solution has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a provider of essential minerals for producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. LGES would be supplied with as much as 40% of Compass’s planned annual phase-one… Read more »
Stellantis and LG Energy Solution name CEO for battery joint venture
Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production… Read more »
LG Chem and KEMCO to produce battery precursor materials in South Korea
LG Chem has formed a joint venture with battery materials manufacturer Korea Energy Materials (KEMCO) to invest more than 200 billion KRW ($160 million) in the construction of a battery precursor materials production line in the Onsan Industrial Complex in Ulsan. Construction of the line is set to begin this July. The metals provided by… Read more »
Belgian startup raises €10-million, plans to bring solid-state battery to market
SOLiTHOR, a spin-off company from the Belgian research organization Imec, recently raised €10 million in a seed investment round led by Imec. The company will use the proceeds to develop and commercialize its solid-state battery cell technology. Imec has been investing in solid-state battery tech for 10 years, and aims to enable an assembly process… Read more »
Li-Cycle partners with LG to recycle battery manufacturing scrap
Li-Cycle, LG Chem (LGC) and LG Energy Solution (LGES) have agreed to cooperate on battery recycling and sales. Li-Cycle has agreed to recycle LGES’s battery manufacturing scrap and other lithium-ion battery material from its North American manufacturing sites over a 10-year period. Also, Li-Cycle has agreed to sell 20,000 tons of recycled nickel sulphate to… Read more »