Category: battery supply

26th March 2020 | Silverstone

SK Innovation secures ‘green loan’ to invest more in battery biz

SK Innovation has raised an 800 billion won ($657 million) “green loan” from banks in the United States, Europe and China in an effort to invest more in plants manufacturing batteries for electric vehicles (EVs) and lithium-ion battery separators (LiBS), the energy and chemical arm of SK Group said Thursday. A green loan is the…
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16th August 2019 0

Samsung enters marine battery market

South Korean shipbuilder Samsung Heavy Industries (SHI) and Samsung SDI, a Samsung Group division manufacturing batteries and other electrical equipment have jointly developed a marine lithium-ion battery system. Earlier this week SHI announced it had received a type approval certificate from DNV-GL making it the first South Korean producer of the marine lithium-ion battery system,…
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13th August 2019 0

Europe is beating the US in the battery race—with China’s help

The biggest reason we hear so much about electric cars is because of the falling costs of batteries. Lithium-ion batteries today cost less than one-fifth as they did in 2010. Within the next five years, some experts estimate that the total cost of owning an electric car—that is, upfront cost plus lifetime fuel cost—will be…
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2nd August 2019 0

As electric vehicle production ramps up worldwide, a supply crunch for battery materials is looming

As car manufacturers ramp up production of electric cars, metals used to make the vehicles’ batteries may face a supply crunch by the mid-2020s, according to a Wood Mackenzie report released Wednesday. Lithium, cobalt, and nickel supplies are expected to be worst hit. As car manufacturers ramp up production of electric cars, the metals used…
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1st August 2019 0

LG Chem aims to quintuple EV battery biz by 2024

LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in sales by 2024, with 31 trillion won coming from its battery business. Last year, the company’s battery sector accounted for only…
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26th July 2019 0

Bosch extends the service life of electric-vehicle batteries

Cloud-based swarm intelligence helps batteries maintain performance for longer Markus Heyn: “Bosch is connecting electric-vehicle batteries with the cloud, and substantially improving performance and service life.” Smart algorithms recognize battery stress factors and optimize the recharging process. Mobility services provider DiDi is the first company to use the Bosch battery services. Stuttgart, Germany – Stress…
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23rd July 2019 0

Giant batteries and cheap solar power are shoving fossil fuels off the grid

This month, officials in Los Angeles, California, are expected to approve a deal that would make solar power cheaper than ever while also addressing its chief flaw: It works only when the sun shines. The deal calls for a huge solar farm backed up by one of the world’s largest batteries. It would provide 7%…
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22nd July 2019 0

Toyota, China’s CATL in partnership for new energy vehicle batteries

Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles. The Japanese automaker said on Wednesday that the firms had also started talks covering a range of areas including new technology development and the reuse and recycling of batteries. “To further…
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18th July 2019 0

Lithium-ion recycling rates far higher than some statistics suggest

There is a good deal of misleading statistics surrounding lithium-battery recycling and China and South Korea have already emerged as the global hubs where most batteries end up at the end of their lifetime, a new report commissioned by the Swedish Energy Agency has found. The study states one of the reasons lithium-ion recycling rates…
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15th July 2019 0

LG Chem aims to quintuple EV battery biz by 2024

LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in sales by 2024, with 31 trillion won coming from its battery business. Last year, the company’s battery sector accounted for only…
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12th July 2019 0