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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Albemarle signs definitive agreement to acquire lithium salts production assets in Asia

Green Car Congress

Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, has signed a definitive agreement to acquire the lithium hydroxide and lithium carbonate conversion assets and supporting business functions currently operated by Jiangxi Jiangli New Materials Science and Technology Co.

Asia 150
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Ipsos global study finds vehicle owners continue to show interest in self-driving technology despite COVID-19

Green Car Congress

An Ipsos Auto Global Study has found that new vehicle owners in US, China, EURO5 and Brazil desire autonomous functionality in their next vehicle. Autonomous interest is strongest in China and Brazil, where consumers have the most semi-autonomous feature experience. ADAS, warnings, alerts, etc.)

Global 170
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Tesla China addresses Giga Shanghai’s reported production shutdown

Teslarati

Tesla China has shared a response addressing the reported shutdown of Gigafactory Shanghai’s production. In a statement to The Global Times on December 25, Tesla China noted that reports of the facility’s stop in production are not entirely accurate. Charger production shop is still in operation.

China 98
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Tesla China rolls out discounted rates for inventory vehicles

Teslarati

Tesla China definitely seems serious about hitting new sales records this fourth quarter. In what appears to be the company’s latest effort to boost its sales this Q4, Tesla China has rolled out additional discounts for consumers who are purchasing inventory vehicles.

China 98
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Johnson Controls and SAIC’s Yanfeng Automotive Trim Systems form $7.5B global joint venture for automotive interiors; largest in the world

Green Car Congress

the component group of Shanghai Automotive Industry Corporation (SAIC), have signed a definitive agreement to form a global automotive interiors joint venture. The new company will be headquartered in Shanghai with global engineering, development and customer centers in the United States, Europe, China, Japan and India.

Global 250