LG Chem and GM have announced a binding agreement for the supply of cathode active material (CAM), a key battery material consisting of processed nickel, lithium and other materials that represents about 40% of the cost of a battery cell. LG Chem plans to supply more than 950,000 tons of CAM to GM from 2022… Read more »
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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 »
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 »
Panasonic to start producing 4680 battery cells for Tesla in 2023
Tesla’s new 4680 cell features a new chemistry that promises to boost efficiency and reduce costs. Now Panasonic says it is investing heavily in the development of the new cell, and plans to start mass production as early as 2023. The new cell is about twice the size of Tesla’s current 2170 cell, but has… Read more »
Li-Cycle unveils plans for Hub facility, announces recycling agreement with LG
Li-Cycle has announced plans to build its first Hub facility near Rochester, New York. The company expects to process equivalent battery material to power approximately 225,000 EVs per year. Li-Cycle (profiled in our July/August 2020 issue) uses a hub-and-spoke model for its recycling process. The New York Hub will be integrated with Li-Cycle’s existing network… Read more »
Northvolt to invest $750 million to expand Swedish battery lab
Battery manufacturer Northvolt plans to invest $750 million to expand its laboratory facility in Sweden in order to meet soaring demand for lithium-ion batteries. Northvolt says it plans to set up the “first R&D campus covering the entire battery ecosystem.” The order of the day in Europe is to quickly expand domestic battery capacity to… Read more »
Five companies produce almost all EV battery cells for the US market
Five companies (AESC, LG Chem, Panasonic, Samsung and SK Innovation) produced almost all the battery cells used in plug-in vehicles for the US market over the past decade. Total capacity produced was 75,933 MWh. Panasonic supplied 74% of all the cells, and a majority of these were installed in Tesla battery packs. A small percentage… Read more »
GM reveals more technical details of its Ultium battery packs
GM has big plans to release as many as 30 new EV models by 2025—the company claims that, by 2035, its only ICE vehicles will be heavy-duty trucks. The new Ultium battery system is at the heart of GM’s electrification strategy. GM says the Ultium system delivers a pack-level cost close to the magic number… Read more »
Tesla to use LG’s new NCMA cathode materials in Chinese Model Y
Over the last few years, Tesla has been diversifying its battery supply chain, working with new suppliers and trying out new chemistries in its cells. Gigafactory Shanghai, which is geographically close to the Asian firms that currently supply most of the world’s Li-ion cells, has been the center of the automaker’s brave new battery biz…. Read more »
GM and LG may build a second battery factory in Tennessee
If GM is going to electrify most of its lineup by 2035, it’s going to need a lot more batteries. Sending out press releases is fast and free, but building supply chains takes years and billions, so one indication of whether the automaker’s announced deadline is a serious objective or a mere aspiration will be… Read more »