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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours by 2030, up from around 1 TWh this year.

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Chile to nationalize lithium industry

Green Car Congress

Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.

Chile 459
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ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

Green Car Congress

A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.

Global 448
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The Australian lithium industry and the global battery supply chain

Innovation News Network

Curtin University’s Professor Jacques Eksteen explores the Australian lithium industry and its role in the global battery supply chain. Lithium is most commonly used for rechargeable batteries in our mobile phones, laptops, digital cameras, home and grid energy storage, and electric vehicles (EVs).

Supplies 119
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Umicore starts industrialization of HLM manganese-rich battery materials technology for EVs

Green Car Congress

Umicore is starting the industrialization of its manganese-rich HLM (high lithium, manganese) cathode active materials (CAM) technology and is targeting commercial production and use in electric vehicles (EVs) in 2026.

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NTT DATA and DENSO building industry-wide dataspace for EV batteries

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NTT DATA Corporation and DENSO Corporation have started to build an industry-wide ecosystem for electric vehicle (EV) batteries to create a global trusted dataspaces where only necessary data can be shared, while also protecting private data. Overview of the Global Trusted Dataspaces.

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FREYR Battery awarded $3B, 31 GWh inaugural offtake agreement with leading global ESS provider

Green Car Congress

FREYR Battery, a developer of clean, next-generation battery cell production capacity, has executed its inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed, leading global publicly listed manufacturer and provider of energy storage systems (ESS). —Tom Jensen.

Global 221