South Korean battery manufacturer LG Energy Solution will invest approximately $5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities—one for cylindrical batteries for EVs and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). The company plans to invest $3.2… Read more »
Search Results Found For: "LFP"
LG Chem targets sixfold sales growth in battery materials by 2030
LG Chem has announced a new strategy to become a top global battery materials company. CEO Shin Hak-cheol said at a recent battery conference in Seoul that LG Chem aims to grow its annual battery material sales sixfold, to KRW 30 trillion ($25.5 billion) by 2030. The expansion of the company’s battery business is part… Read more »
Tesla says it’s “building” a new product. Is this the long-awaited Model 2?
Less-affluent EV fans have been hoping Tesla would produce a budget-priced EV since…well, since the company’s founding. Over the last few months, we’ve seen growing evidence that a cheaper Tesla—which the chattering classes have unofficially dubbed Model 2—is in the works. In April, Tesla revealed Master Plan Part 3, which included teaser-level info about three… Read more »
Electric truck expert: Tesla Semi is a great product, but may struggle against more established OEMs
The market for heavy-duty electric trucks is heating up—long-established OEMs and startups alike are moving on from the pilot stage, and filling substantial orders from customers. During a recent conversation with Rustam Kocher, once Charging Infrastructure Lead at Daimler Trucks North America and now a consultant (watch for the full interview in the next print… Read more »
ZeroNox to electrify fleet of 1,000 refuse trucks in Ghana
Commercial EV provider Zero Nox has partnered with the Jospong Group, a diversified holding company based in Ghana, to retrofit a fleet of 1,000 refuse trucks from Jospong Group subsidiary Zoomlion. The trucks will be converted from gas to electric power using the ZeroNox Electric Powertrain Platform (ZEPP), which uses LFP batteries. The companies demonstrated… Read more »
Altilium Metals accelerates development of planned EV battery recycling facility
UK-based Altilium Metals plans to step up development of its future EV battery recycling plant, following a six-month feasibility study funded in part by the UK government’s Automotive Transformation Fund and the successful demonstration of the company’s technology at its new analytical laboratory in Devon. According to Altilium, the study, conducted in collaboration with Hatch… Read more »
Our Next Energy (ONE) to supply batteries for The Shyft Group’s electric trucks
Energy storage technology company ONE was selected to supply more than 15,000 Aries lithium iron phosphate (LFP) battery packs over the next five years for use in The Shyft Group’s Blue Arc Class 3, 4 and 5 electric trucks. Blue Arc trucks using Aries batteries will go through development, testing and validation this year using… Read more »
Aqua Metals produces high-purity lithium hydroxide directly from recycled Li-ion batteries
Battery recycler Aqua Metals has demonstrated the recovery of high-purity lithium hydroxide from lithium-ion battery black mass at the company’s Li AquaRefining recycling facility in Nevada. “The production and availability of the first recycled lithium hydroxide at scale will help close the supply chain loop for critical battery metals in America, paving the way for… Read more »
Inobat and Gotion partner to develop EV battery cells and packs
European battery manufacturer InoBat and Chinese battery manufacturer Hefei Gotion have signed a memorandum of understanding to explore joint venture opportunities to develop EV battery and energy storage technologies. The partnership will leverage Gotion’s expertise in electric storage solutions and InoBat’s existing manufacturing sites and extensive market connections in Europe. The companies will maintain their… Read more »
FREYR and Nidec finalize battery manufacturing JV, release results of cell testing
In September, FREYR Battery and Japanese electric motor producer Nidec announced plans to establish a downstream joint venture to produce battery modules and packs. Now the new JV, Nidec Energy, has been officially established. Mass production is expected to commence in 2025, and the goal is to manufacture more than 8 GWh per year of… Read more »