In addition to its equity investment, a long-term supply agreement was also signed to supply LG Chem and LG Energy Solution 20,000 tons of nickel over a ten-year period starting in 2023.
The joint venture between the two companies is a strategic decision made while the U.S. government is strongly pushing for an eco-friendly mobility policy to replace 50% of new cars sold in the U.S. with EVs by 2030
The partnership’s significant scale will provide secure and cost-competitive supplies of innovative, sustainably sourced and tailored high-performance cathode materials for Volkswagen AG’s ambitious unified cell strategy
The new entity will be named BASF Automotive Catalysts and Recycling and will be headquartered in Iselin, New Jersey
The participation is aimed at expanding geographic presence in Europe and globally while addressing customer needs
The new production lines will enable the company to further strengthen its offerings, keep pace with anticipated market demand, and support the growth of lead-acid battery industry that is set to grow substantially in the coming years
Us-based startup has raised funds to accelerate commercialization of lithium metal batteries for long-range and low-cost electric vehicles
Company has decided to pursue the sale of all or parts of this business with the ultimate intention of exiting
The new flow battery uses a safe, non-flammable electrolyte that converts chemical energy to electricity to store energy for later use
Through the joint venture, Toray has secured a concrete customer base in the European market, while LG Chem will be able to further strengthen its position as a global separator company by adding Toray's differentiated fabric business capabilities to its coating technology
As part of the agreement, POSCO Chemical and Morrow will jointly develop high-end electrode materials for both cathode active materials and anode materials
The cooperation will enhance the research and development (R&D) capabilities for both companies in sustainable battery materials and strengthen both parties’ core competitiveness in the largest battery market, China, and globally
The duo has joined forces to investigate the formulation boundary conditions in multilayer battery coatings within a research project supported by public co-funding
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
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