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General Motors

LG Chem secures $5bn loan to build lithium-ion manufacturing plants as it announces US gigafactory plans with GM

Wed, 12/11/2019 - 14:14 -- Paul Crompton

Korean battery maker LG Chem has secured around $5 billion in loans to build lithium-ion manufacturing plants outside of the country between 2020 and 2024.

The money has been earmarked by a group of financial institutions led by the state-run lender Korea Development Bank (KDB), and which includes the Export-Import Bank of Korea and Nonghyup Bank.

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Japan’s big four launch battery tech consortium for electric motorbikes

Tue, 04/16/2019 - 16:24 -- Hugh Finzel
Japan’s big four launch battery tech consortium for electric motorbikes

Four of the largest Japanese manufacturers are to jointly consider launching standardised replaceable battery tech for electric motorcycles in a potential game-changing move for the industry.

Honda, Kawasaki, Suzuki and Yamaha have formed a consortium to consider launching standardised batteries and replacement systems as part of plans to boost the popularity of electric bikes.

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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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Seaweed ‘could be surprise catch in extending battery lives’

Fri, 07/07/2017 - 11:45 -- News Editor
Seaweed ‘could be surprise catch in extending battery lives’

A food additive extracted from seaweed could prove to be a surprise key ingredient to power advances in technology that could extend the lifetime of lithium-sulfur batteries, according to researchers in the US.

Scientists from the Department of Energy’s Lawrence Berkeley National Laboratory say they have discovered that carrageenan, a derivative of seaweed, acts as a stabiliser in lithium-sulfur batteries – and improved stability could lead to more cycling and extended lifetime.

 

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