Targeted to start by the first quarter of 2024, the plant aims to have an annual production capacity of 40 gigawatt hours
The financial support is part of the EU’s Common European Interest (IPCEI) programme, in which Solvay has been approved to receive substantial grants to accelerate EV battery innovation in the European Union
The two plan to cooperate to build a pack unit-based evaluation method, which will overcome the limitations of the module unit-based evaluation method.
The corporate name encapsulates SK On’s will to take a big step towards becoming the No. 1 company in the global battery industry
With this long-term project in Antwerp, the BASF team wants to test various operating scenarios and further explore the potential of NAS batteries
Newly established entity will tentatively be named as SK Battery Co., Ltd. and will be officially launched on October 1, 2021
The scheme has two components viz Champion OEM Incentive Scheme and Component Champion Incentive Scheme
The collaboration aims at developing a sustainable battery value chain, in support of CATL’s localization in Europe and contributes to achieving both companies’ global carbon neutrality goals
Partnering with Australia-based organizations to research improved battery life
BASF owns 51% in new company while Shanshan owns remaining 49%
JM has entered into an agreement with OnTo Technology for using its patented process for the direct recycling of lithium-ion battery scrap
The scheme envisages establishing a competitive ACC battery manufacturing set up in the country (50 Giga Watt hour-GWh). Additionally, 5 GWh of niche ACC technologies is also covered under the scheme
Reliance New Energy Solar is investing US $50 million in Ambri, an energy storage company based in Massachusetts, to acquire 42.3 million shares of preferred stock in Ambri
LG's precursor plant in Quzhou has entered a third-party power purchase agreement (PPA) to receive 50GWh of renewable energy annually from Zhejiang Zheneng Electric Power
The spin-off decision was based on the necessity to enhance SK innovation’s corporate value
Plant construction is scheduled to begin in the fourth quarter of 2021 and will be completed by the first half of 2023
As part of the collaboration, BASF will supply high-energy HED NCM cathode active materials to contribute to high-performance battery cells for fast charging and high energy density
As part of the joint venture, SK materials will invest $52 million in the development of a battery materials manufacturing hub in South Korea expected to launch in 2022
Company is building its second European plant in Komárom, Hungary, with an annual production capacity of about 10 gigawatt hours
This will help power SK Innovation’s Li-ion batteries installed in EVs manufactured by the Volkswagen Group and the Ford Motor Company
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