South Korea’s SK Innovation (SKI) is reportedly in talks to establish two separate battery production joint ventures— one with Volkswagen and another with Chinese partners.
SKI confirmed talks with Volkswagen in an interview with Reuters, saying the two companies were discussing building a factory together. SKI also said I was “on the cusp” of agreeing plans to build a plant in China with “undisclosed partners”.
The president of SKI’s batteries business YS Yoon told Reuters: “Our strategy is to keep up with technological advancement by having relationships with some of our key customers. Compared with rivals, we’ve been matching or exceeding investment in the (EV batteries) area since last year.”
US-based start-up Forge Nano has received a US$10 million investment from German car maker Volkswagen— funds the company will use to continue investigating and developing “a material coating technology that could further improve the performance of battery materials”.
Forge Nano has been investigating processes for scaling atomic layer deposition— “a chemical process for applying atomic scale coatings one atom at a time”— to create new core-shell materials, particularly for battery applications, with the aim of boosting the energy density of electric vehicle battery cells.
Forge Nano founder and CEO Dr Paul Lichty (pictured) said the company’s “atomically precise surface engineering technology is ushering in a new era of high performance materials”.
Volkswagen is investing $100 million to increase its stake in US battery start-up Quantumscape and “accelerate” commercialisation of innovative solid-state battery technology.
VW said the deal, which is subject to regulatory approvals, will make it Quantumscape’s largest automotive shareholder and will give the car giant a seat on the board.
Volkswagen has told BBB it will build a pilot manufacturing plant for battery cells in Germany as part of a new corporate “centre of excellence”.
The pilot facility, on which work is expected to start by 2019, will be incorporated with an existing VW plant in Salzgitter, Lower Saxony, a VW spokesperson confirmed.
China’s CATL has reportedly bought a 90% controlling stake in a Canadian lithium firm— to shore up supplies of the key raw material for its expanding global battery business.
Contemporary Amperex Technology (CATL) acquired 36.6 million shares of North American Lithium from Jilin Jien Nickel Industry, according to the China Daily.
Chinese battery giant CATL is reportedly on the lookout for a site in Europe to manufacture lithium-ion batteries for the electric vehicle market, after becoming a supplier for Volkswagen cars built in China.
According to Bloomberg, CATL (Contemporary Amperex Technology Co) “is close to” deciding on a site in either Germany, Hungary or Poland to build what would be its first overseas automotive battery manufacturing plant.
Chinese lithium-ion battery maker Contemporary Amperex Technology Ltd (CATL) is to open a production base in Europe, according to state media.
China’s Xinhua News Agency said CATL is “planning to build a new plant in Europe to meet the rising demand of the continent” for electric vehicle batteries.
Volkswagen has announced plans to invest more than EUR50 billion ($60bn) in battery cells and related technology, towards the electrification of its entire model portfolio by 2030 “at the latest”.
CEO Matthias Mueller (pictured) said the group has already launched a global tender process to find manufacturing partners in China, Europe and North America— as VW will “need more than 150GWh of lithium-ion battery capacity annually by 2025 for its own e-fleet alone”.