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 »
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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 »
GM and LG to build second US battery plant in Tennessee
Ultium Cells, a joint venture of LG Energy Solution and General Motors, have announced plans to build a second US battery cell manufacturing plant, in Spring Hill, Tennessee. The companies will invest some $2.3 billion in the new facility, which will supply battery cells to GM’s Spring Hill assembly plant. Construction on the 2.8 million-square-foot… Read more »
Settlement of dispute between South Korean battery makers is good news for US auto industry
LG Energy Solution and SK Innovation have settled a long-running trade dispute, clearing the way for SK to proceed with construction of a battery factory in Commerce, Georgia that is slated to supply batteries to Ford and Volkswagen. The International Trade Commission decided in February that SK stole 22 trade secrets from LG Energy, and… Read more »
SK Innovation to invest in battery plant in Hungary
SK Innovation will invest $1.148 billion in SK Battery Hungary to build a new EV battery factory. The factory is expected to be constructed in Iváncsa, Hungary, and will have a production capacity of 30 GWh per year. The company’s first and second European plants are also located in Hungary, and the expected third plant… Read more »
Passenger EV battery capacity reached 134.5 GWh in 2020
In 2020, a total of 134.5 GWh of passenger EV battery capacity was deployed globally in newly sold passenger EVs, an increase of 39.6% over the prior year, according to an analysis by Adamas Intelligence. This figure excludes an additional 15 to 20 GWh of installed passenger EV battery capacity idling in sales channels and… Read more »
Group14 secures funding to scale Li-ion battery production
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, has secured $17 million in a Series B funding round led by SK materials, a manufacturer of special gases and industrial gases. Group14 will leverage this operating capital to scale production to meet the increasing demand for its flagship product, SCC55, which it… Read more »
SK Innovation speeds hiring at its first US EV battery plant in Georgia
SK Innovation has announced plans to hire more than 1,000 skilled American workers by the end of 2021 as it prepares for initial production at the first of two EV battery plants being built in Commerce, about 70 miles northeast of Atlanta. SK Innovation is building two EV battery plants at the Georgia site as… 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 »