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LG Chem powers battery supply with Nemaska Lithium deal

Thu, 07/12/2018 - 09:20 -- Xuan Zhong
LG Chem powers battery supply with Nemaska Lithium deal

South Korean battery firm LG Chem has signed an initial five-year deal for the supply of battery-grade lithium hydroxide from Canada’s Nemaska Lithium.

LG Chem will receive 7,000 tonnes of lithium hydroxide annually from October 2020, on a take-or-pay basis, to help fuel battery production.

 

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Battery tech investors ‘face betting on wrong horse’, says report

Wed, 07/11/2018 - 14:07 -- Xuan Zhong
Battery tech investors ‘face betting on wrong horse’, says report

Battery makers will need to work as part of “innovative ecosystems” to successfully launch new technologies onto the market, according to a new report.

The report by consulting firm Arthur D Little said “no single company will be able to come out on top without the support of an intricate and dynamic innovation ecosystem made up of partners, start-ups and institutes”.

 

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Doosan follows Korean battery firms to Hungary with copper foil plant

Tue, 07/10/2018 - 12:11 -- Xuan Zhong
Doosan follows Korean battery firms to Hungary with copper foil plant

The Doosan Corporation has become the latest Korean player beating a path to Hungary to compete for a slice of Europe’s electric vehicle battery components business.

The company is to start building a battery-grade copper foil manufacturing plant in Tatabánya, northwestern Hungary this year— and begin producing 50,000 tons of the material annually from mid-2019.

 

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Nissan battery unit sale off as Chinese ‘fail to raise funds'

Tue, 07/10/2018 - 12:07 -- Xuan Zhong
Nissan battery unit sale off as Chinese ‘fail to raise funds'

Nissan has called off the sale of its batteries business to Chinese private equity firm GSR Capital, saying the buyer failed to raise the cash required.

A number of Chinese firms including lithium manufacturer Zhejiang Unifull Industrial Fibreand lead-acid battery maker Camel had said they would join GSR in the reported $1 billion acquisition of Nissan subsidiary Automotive Energy Supply Corp and manufacturing operations in Japan, the UK and US.

 

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TBS looks to next half-century with new HQ

Fri, 06/29/2018 - 11:07 -- Xuan Zhong
TBS looks to next half-century with new HQ

Lead-acid battery machinery maker TBS Engineering has opened the doors of its new UK headquarters in Gloucestershire.

The GBP15 million ($20m), 100,000 square feet manufacturing and engineering facility includes 80,000 sq ft of manufacturing space and offices.

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GM and Honda drive ‘next-gen batteries’ project

Fri, 06/22/2018 - 09:47 -- Xuan Zhong
GM and Honda drive ‘next-gen batteries’ project

General Motors and Honda have formed a new partnership— to develop next-generation batteries for pure electric vehicles (EVs).

The car firms said their new “multi-year” venture is expected to develop “advanced” chemistry battery components, including battery cells and modules for next-generation battery systems to be used in GM’s EVs mainly for the North American market.

 

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BMW joint venture expands China batteries plant

Thu, 06/07/2018 - 11:14 -- Xuan Zhong
BMW joint venture expands China batteries plant

The Chinese joint venture brand of German car giant BMW, BMW Brilliance, is expanding the battery factory it opened in China just seven months ago.

The joint venture— the Chinese partner of which is carmaker Brilliance Auto— broke ground for the second phase “comprehensive expansion” project on 28 May.

 

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Steel firm Posco ramps up battery business with ‘new Korea cathode plant’

Tue, 06/05/2018 - 09:50 -- John Shepherd
Steel firm Posco ramps up battery business with ‘new Korea cathode plant’

South Korean steelmaker Posco is reportedly to build a $100 million lithium-ion cathode plant in the country next year as it expands its presence in the global batteries and raw materials market.

 

Posco’s new facility in Gwangyang, 423 kilometres southwest of Seoul, will have an annual production capacity of 6,000 tons, the company told South Korea’s Yonhap news agency.

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Seoul presses Beijing on ‘fair deal’ for battery makers

Wed, 05/30/2018 - 09:17 -- John Shepherd
Seoul presses Beijing on ‘fair deal’ for battery makers

South Korea has called on China to ensure “a fair business environment” for battery manufacturers to compete for business across the two countries. 

South Korea’s trade minister Paik Un-gyu (pictured) made the plea during a meeting with his Chinese counterpart Miao Wei in Seoul, the Yonhap news agency reported.

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Australia urged to take on Asia in battery hub bid

Wed, 05/30/2018 - 09:12 -- John Shepherd
Australia urged to take on Asia in battery hub bid

Mining firms have unveiled a blueprint they say could transform Australia into a global battery development hub— and grab a multi-billion-dollar slice of the “lithium value chain”.

A new report from Australia’s Association of Mining and Exploration Companies (AMEC) calls on the federal government to declare battery minerals processing an “industry priority”— and use tax breaks and other incentives to entice global industry giants to the country to kick-start a domestic battery industry.

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