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Korean battery makers line up in Europe

Tue, 12/05/2017 - 11:15 -- News Editor
Korean battery makers line up in Europe

Further evidence of a Korean “land grab” of future European EV markets came last week with SK Innovation's announcement that it plans to invest around KRW1 trillion ($920 million) to build an electric vehicle (EV) battery plant in Hungary and to expand production facilities for EV batteries in South Korea.

The battery maker said it would set aside KRW840 billion for the Hungary plant, which it will start building in February. By 2020, the plant will be capable of producing 7.5GWh of batteries each year.

 

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China chemicals player seeks CNY1.7bn for EV battery projects

Wed, 11/29/2017 - 12:41 -- Xuan Zhong
China chemicals player seeks CNY1.7bn for EV battery projects

Chinese firm Do-Fluoride Chemicals Co., Ltd plans to raise around CNY1.7 billion ($258 million) to produce materials for automotive lithium batteries and battery pack manufacturing.

The company will raise the capital through a private placement, according to brokerage firm Everbright Securities Company Limited, a subsidiary of the country’s Everbright Group, which is handling the placement.

 

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IEA to review ‘lithium only’ battery storage analysis

Mon, 11/27/2017 - 12:18 -- Xuan Zhong
IEA to review ‘lithium only’ battery storage analysis

An international study into the potential of batteries to power energy storage systems and electric vehicles of the future is to be reviewed, after it was admitted that research focused purely on lithium-ion.

According to the International Energy Agency’s (IEA) World Energy Outlook 2017 report, “in recent years, the momentum behind battery storage— and lithium-ion batteries in particular— has increased significantly”.

 

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Storage start-up Romeo Power completes battery pack plant

Thu, 11/23/2017 - 10:24 -- Xuan Zhong
Storage start-up Romeo Power completes battery pack plant

California energy storage start-up Romeo Power has completed construction of a 113,000 square-foot lithium-ion battery pack manufacturing facility in Los Angeles.

The announcement comes three months after Romeo— which boasts a workforce including “top engineers and designers” from business rivals Tesla— secured $30 million in seed financing.

 

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Toyota-Suzuki map out Li battery plans for India

Thu, 11/23/2017 - 10:21 -- Xuan Zhong
Toyota-Suzuki map out Li battery plans for India

Japanese auto giants Toyota and Suzuki have agreed the next steps to launching a range of electric vehicles in India by “around 2020” using locally made lithium-ion batteries.

Toyota said on 17 November the firms had concluded a memorandum of understanding (MOU) on moving forward with the project.

 

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SiNode joins EV battery tech partnership

Thu, 11/23/2017 - 10:19 -- Xuan Zhong
SiNode joins EV battery tech partnership

Chicago-based lithium-ion battery developer SiNode Systems has teamed up with Pittsburgh firm PPG to “accelerate the commercialisation” of high-energy anode materials for advanced battery applications in electric vehicles.

The 30-month project will focus on “improving the stability and scalability” of SiNode’s anode materials to meet or exceed US Advanced Battery Consortium (USABC) targets for a battery’s active materials, the companies said.

 

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Amara Raja deals “mitigate” impact of new lead price rises

Tue, 11/21/2017 - 14:00 -- News Editor
Amara Raja deals “mitigate” impact of new lead price rises

The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.

S Vijayanad said while LME prices had seen “close to 25% growth” over the past year, the industrial and automotive battery maker expects to see lead prices “in the range of $2,400 to $2,500 per metric ton” by next spring.

 

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LG Chem ‘buys stake in nickel sulfate supplier’

Thu, 11/16/2017 - 10:56 -- Xuan Zhong
LG Chem ‘buys stake in nickel sulfate supplier’

LG Chem has reportedly invested KRW1 billion ($897,000) to acquire a 10% stake in South Korean nickel sulfate supplier company Kemco, with the aim of boosting its lithium-ion battery business for the electric vehicles market.

The South Korean tech firm will enter the batteries raw material business in the new year, the Maeil Business Newspaperquoted an unnamed LG Chem source as saying.

 
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China names new base for Nissan batteries

Thu, 10/26/2017 - 10:39 -- Xuan Zhong
China names new base for Nissan batteries

Zhenjiang in China is to be the new headquarters and production base for the now Chinese-owned Nissan electric vehicles batteries business, state media has reported.

The new Nissan batteries complex will be set up in the Zhenjiang New District in Jiangsu Province at a cost of around CNY12.5 billion ($1.9bn), according to China’s Xinhua News Agency.

 

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Panasonic plans Japan batteries expansion

Fri, 10/13/2017 - 09:46 -- Xuan Zhong
Panasonic plans Japan batteries expansion

Japanese tech giant Panasonic Corporation is stepping up domestic production of prismatic lithium-ion batteries to meet what it said is increasing demand for electric vehicles.

Panasonic confirmed it will open a production line for the batteries at a factory in Himeji, Hyogo Prefecture, although it declined to give details about planned production capacity.

 

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