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POSCO to invest $830M in lithium hydroxide plant in Argentina

Green Car Congress

South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium. The plant will be constructed by the first half of 2024.

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POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea.

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IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

Although in 2017, Bosch gave up SEEO and was selling the company, and Dyson abandoned the technologies of Sakti3, the interest in solid-state batteries never vanished. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.

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GM to double models with 40 mpg highway or better by 2017; ongoing manufacturing efficiency improvements

Green Car Congress

Describing its product goals and tracking progress toward its 2020 manufacturing priorities in its 2012 Sustainability Report , General Motors reaffirmed its commitment to further reduce the energy used and the environmental impacts of building and operating an automobile. Manufacturing energy use and emissions. MWh/vehicle in 2010.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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Comparatively, EV manufacturing has increased at a faster rate in China, which made up 44% of global EVs manufactured through 2020, up from 36% in 2017. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017. million (or about 10%) are slated to be manufactured in US.

Global 397
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CCM forecasts 5-fold growth in China Li-ion market by 2017 to meet EV demand

Green Car Congress

Growing demand for electric vehicles (EVs) in China is triggering an explosion of investment in the lithium-ion battery industry, with China’s production of power lithium-ion batteries set to jump 400% by 2017, according to market research firm CCM.

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POSCO to set up two JVs with Huayou Cobalt for Li-ion battery precursors and cathodes

Green Car Congress

South Korea-based steelmaker POSCO will establish two Li-ion battery material joint ventures in China with leading cobalt supplier Zhejiang Huayou Cobalt. POSCO, for its part, is busy expanding into business areas from steel to non-steel, from manufacturing to service, and from traditional roots to the future.

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