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
The new plant represents an investment of around 250 million SEK and will be located adjacent to the Stena Nordic Recycling Center in Halmstad
Company contributed several million euros to Verkor’s recent €100 million round of fundraising, which will enable the construction of the Verkor Innovation Center & the launch of the first Gigafactory dedicated to battery production whose construction is expected to start in 2023
The demo plant will feature and operate all the units of operation of the industrial process, including the dissolution of the metals contained in the incoming black mass, the separation, concentration, purification of individual metal elements, and finally their transformation into high-purity metal salts responding to the specifications of cathode active materials producers
This investment will create about 35 new production jobs, with startup planned for early 2023
The project will combine Thomas Swan’s innovative GNP technology and CPI’s formulation expertise to explore how together they can help realise the full potential from JM’s high performance battery materials
Huntsman has seen strong growth in ULTRAPURE Ethylene Carbonate tied to the evolution of EVs
Company's performance products division is planning to significantly increase its existing capacity for ULTRAPURE Ethylene Carbonate at its Conroe, Texas facility by mid-2023
The company has seen a strong growth in ULTRAPURE Ethylene Carbonate tied to the evolution of EVs and the localization of lithium-ion battery production
The green loan funds, procured by SKBM from the Export-Import Bank of Korea, were obtained under large-scale and favorable financial terms in which SK Innovation would be under a guarantee of obligation
JM has already made significant progress in the commercialisation of its family of nickel rich advanced cathode materials
Next-gen cells and arrays will be used to power several future Ford battery electric vehicles
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