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lithium iron phosphate

Chinese battery group invests in billion-dollar expansion

Thu, 07/04/2019 - 16:36 -- John Shepherd
Chinese battery group invests in billion-dollar expansion

The Aviation Industry Corporation of China (AVIC) is to invest CNY10 billion (US$1.5bn) in building a new lithium battery plant in the country.

State-owned AVIC said the plant in Xiamen, in China’s southeastern Fujian Province, will have an eventual annual production capacity of 20GWh across a 570 square metre site.

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Johnson Matthey inks LFP cathode deal with Lithium Werks

Mon, 03/04/2019 - 00:00 -- Hugh Finzel

UK-based chemicals company Johnson Matthey (JM) has signed a long-term agreement to supply battery cathode material to Dutch lithium-ion producer, Lithium Werks (LW).

Under the agreement— which will run for five years, commencing 1 April 2019— JM will supply lithium iron phosphate (LFP) material manufactured at its Changzhou, China facility.

In September 2018, JM sold its automotive battery business to US-based Cummins, allowing the company to focus on “developing commercial battery materials for the full range of transport applications”.

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Fossil-fuel giants invest in battery storage

Thu, 05/31/2018 - 16:13 -- Xuan Zhong
Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.

Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.

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Sonnen set for Australia battery battle with Tesla

Mon, 02/26/2018 - 11:11 -- John Shepherd
Sonnen set for Australia battery battle with Tesla

German battery storage firm Sonnen is to open a major production plant in South Australia— squaring up to business rival Tesla in the ‘backyard’ of the US titan’s 100MW Powerpack battery project.

Sonnen confirmed to BBB it plans to manufacture 50,000 of its lithium iron phosphate battery storage systems over the next five years in Adelaide. The company will also switch its Australian HQ to Adelaide from Sydney.

 

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