China’s Semcorp, the world’s leading supplier of a key component in electric vehicle batteries, is poised to start production overseas with a goal of raising its global market share to 50% by 2025. The factory in Hungary is near completion and slated to start operations within the year, Semcorp said. The company, formally known as […]
Battery Metals
Hyundai, LG partner to build $4.3 billion electric vehicle battery plant in Georgia
South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) announced Thursday that they will build a $4.3 billion electric battery plant in Georgia amid a U.S. push to bring battery production to the states. LGES supplies automakers including Tesla Inc. and General Motors Co. Hyundai and LGES will split the investment and construction […]
EV battery leader CATL joins BYD, Tesla to tap solar’s boom
Contemporary Amperex Technology Co. Ltd., the world’s biggest electric vehicle battery producer, is joining Tesla Inc. and BYD Co. in adding a focus on the booming solar sector. CATL said it is researching the development of perovskite cells, among the most promising methods to drive new improvements in solar panel performance. It also on Thursday […]
German manufacturer unveils 10 kWh residential redox flow battery
German redox flow battery manufacturer Prolux Solutions, a unit of Swiss building supplier Arbonia, has developed a new residential storage system with a capacity of 10 kWh. It claims that the STORAC 4/10 battery has a charging and discharging capacity of 4 kW and a peak power of 5 kW. It is designed to be […]
Battery boom sparks revival for Quebec’s formerly failed lithium miners
Nemaska Lithium Inc. was once a cautionary tale for commodities investors betting on North America’s battery metals supply chain. Shareholders lost money when the Canadian mining firm went broke in late 2019, collapsing under cost overruns and a crash in lithium prices. Four years later, a restructured Nemaska under new ownership is back developing a […]
Copper dealt blow in battle for critical mineral status in the US
The US Geological Survey (USGS) has told congressmen and senators that copper has not reached the status of critical minerals needed to be added to the official list of commodities at risk of undersupply, the Copper Development Association (CDA) said. The USGS decision comes despite some high-ranking political allies throwing their support behind the local […]
An auto CEO came very close to saying the right thing about heavy EV batteries
The race to cram heavier and heavier batteries into bigger and bigger electric vehicles hit a speed bump today when a major automaker CEO finally threw up his hands and asked why. “I have no idea what’s going on in this industry right now,” Ford CEO Jim Farley said during his company’s capital markets event […]
Macron says Mongolia to supply critical metals for green push
Mongolia has agreed to supply critical metals to France that it needs as part of its shift to a less carbon-intensive economy, Emmanuel Macron said on Sunday during the first ever visit to Ulaanbaatar by a serving French president. The trip was aimed at boosting ties between the two countries — in particular in relation […]
Liacon introduces new 12V Group 31 LFP battery with a 4000+ cycle life
Germany-based Liacon, one of Europe’s largest battery manufacturers, has released a new, more versatile lithium-iron-phosphate (LFP) battery that can replace all Group 31 lead-acid units. The new Group 31 LFP 12.8V 150 Ah battery has two to three times the energy of a lead-acid battery, and 1,000 cranking amps for starting heavy duty diesel engines. […]
Not enough resources for EVs to be only cleaner car option, Toyota says
A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticized Toyota for being slow to embrace BEVs, […]
