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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

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Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 Battery related projects have accounted for at least $11 billion in investment.

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

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Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. billion (KRW 5.7

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Corvus Energy to supply batteries for five new electric ferries

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Corvus Energy has been selected by Holland Ship Electric to supply lithium-ion battery-based energy storage systems (ESS) for five new all-electric ferries being built by Holland Shipyards Group, a total system integrator of electric systems for the global marine market, for Amsterdam’s municipal public transport provider, GVB.

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US DOE releases 2023 Critical Materials Assessment to evaluate supply chain security for clean energy technologies

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The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.

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DOE announces $3.1B to boost domestic battery manufacturing and supply chains

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The US Department of Energy (DOE) announced $3.1 billion in funding from the Infrastructure Investment and Jobs Act (IIJA) to make more batteries and components in America and bolster domestic supply chains. Commercial-scale Domestic Production of Battery-Grade Graphite from Synthetic and Natural Feedstocks.

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DOE: EV battery manufacturing capacity in N America in 2030 projected to be nearly 20 times greater than in 2021

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A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year (GWh/year) in 2021 to 998 GWh/year by 2030, according to the US Department of Energy (DOE).

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Proterra and LG Energy Solution in long-term supply agreement for US-manufactured EV battery cells

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Proterra has concluded negotiations with LG Energy Solution on a new agreement that will provide Proterra with a long-term supply of cylindrical cells produced at an LG Energy Solution battery cell manufacturing plant in the United States. manufactured battery cell capacity on an annual basis.