EV charging station manufacturer SK Signet, a subsidiary of South Korean conglomerate the SK Group, has announced plans to build a new EV charger manufacturing facility in Plano, Texas. At the new plant, SK Signet will produce a range of fast-charging solutions, including UL-certified chargers and power cabinets offering power levels up to 350 kW…. Read more »
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Adamas Intelligence says LFP cell deployment is up 237% in H1 2022
The latest biannual report on the global EV market from Adamas Intelligence highlights expanding EV sales, as well as the growing popularity of LFP battery chemistries, in the first half of 2022. In the first half of 2022, 6.23 million new passenger EVs were registered around the world—an increase of 42% compared to the same… Read more »
LOTTE Group to build cathode foil factory in Elizabethtown, Kentucky
LOTTE Aluminium and LOTTE Chemical, subsidiaries of a giant South Korean conglomerate, plan to invest some $239 million to establish an aluminum foil manufacturing operation in Hardin County, Kentucky. We’re not talking about the kind of foil you use to wrap leftover pizza, but rather cathode foil, a type of ultra-thin aluminum foil that is… Read more »
SK On secures $2 billion in investment for Hungary battery plant
SK On, a battery company and subsidiary of SK innovation, has secured $2 billion in investment resources from export credit agencies, which it plans to devote to an under-construction battery plant in Iváncsa, Hungary. “Euler Hermes and Korea Trade Insurance Corporation will provide insurance worth $800 million and $700 million respectively, and the Export-Import Bank… Read more »
Ford and partners to build 30-45 GWh battery plant in Turkey
Ford has proposed to form a joint venture with Turkish industrial conglomerate Koç Holding and South Korea’s SK Innovation to make EV batteries at a new plant near Ankara. The factory, which is expected to have an annual capacity of 30 to 45 GWh, will supply batteries for Ford’s commercial vehicles, which are expected to… Read more »
Ford unveils big plans for an EV factory and 3 battery plants in Tennessee and Kentucky
Here at Charged, we don’t usually repeat superlative claims—“the first, the biggest, the fastest”—we leave those to the Guinness Book of Records. In this case, however, we’ll make an exception. Ford says its plan to build two new manufacturing complexes in Tennessee and Kentucky represents “the largest ever manufacturing investment at one time by any… Read more »
Ford and Redwood Materials to collaborate on battery recycling
Redwood Materials, the battery materials firm founded by Tesla cofounder JB Straubel, has announced a partnership with Ford. The two companies will work together to “create a closed loop for battery recycling and a domestic supply chain for critical battery materials.” Ford also made a strategic investment of $50 million in Redwood. “Excited to work… Read more »
SK becomes third-largest shareholder of battery company SES
SK has invested an additional $35.9 million in SES (formerly SolidEnergy Systems), a developer of lithium-metal batteries. Coupled with its original $26.7 million investment in 2018, SK now becomes the third-largest shareholder of the battery company. SES, which launched in 2012 as an MIT research lab startup, is headquartered in Singapore, and operates labs and… Read more »
Ford EV head: “We are not in this to build a couple of trucks.”
Over the years, Charged has reported on many EV initiatives from major automakers. These have always been announced with great fanfare, and promises of “commitment” to electrification, but after a couple of years and a couple thousand EV sales, most of these “new eras” have quietly faded away (Ford’s 2012 e-mobility effort was just one… Read more »
Ford raises its EV game: 40% pure EVs by 2030, new platforms, new battery initiatives and more
In a virtual meeting with investors, Ford outlined a plethora of plans to expand its electrification efforts. There was a big bundle of news, which will take the media some days to fully unpack, but the gist of it is that, under a plan dubbed Ford+, the automaker will be allocating capital to three priority… Read more »
