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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

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Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Slovakia 273
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Redwood Materials to build next Li-ion battery recycling and remanufacturing center in South Carolina

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Redwood Materials will build its next Battery Materials Campus just outside of Charleston, South Carolina. At Camp Hall in Berkeley County, Redwood will recycle, refine and manufacture anode and cathode components on more than 600 acres, creating more than 1,500 jobs and investing $3.5 billion in the local community.

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BWP, LiCAP, and Siemens partner on mass production of dry electrode manufacturing equipment

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BWP, LiCAP and Siemens have entered a strategic partnership to manufacture and commercialize innovative dry electrode manufacturing systems for the battery cell industry. BW Papersystems (BWP), a division of Barry-Wehmiller, is a capital equipment manufacturer for multiple industries. LiCAP Technologies, Inc.

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BASF to build new cathode active materials production site in Schwarzheide

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BASF will build a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to support the European electric vehicle (EV) value chain. View over BASF Schwarzheide from the evaporation plant with the block field for the planned cathode active materials plant in the background.

Finland 284
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Snow Lake Lithium calls for the creation of a complete electric vehicle ecosystem across North America

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To succeed in the future net zero economy, we need to create a vertically integrated domestic supply chain to achieve battery production at scale and future supply security. At Snow Lake Lithium, we strongly believe that now is the time to build a rock to road supply chain for electric vehicles for the longevity of the industry.

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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. Other significant findings of IEO2019 include: Manufacturing centers are shifting toward Africa and South Asia, especially India, resulting in energy consumption growth in those regions.

Asia 220
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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries. Chinese factories are restarting, so the pressure on supply of key components and equipment is likely to ease. Chart: BloombergNEF.