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Samsung SDI to invest US$1.3B in second battery production facility in Malaysia

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billion) investment phase-by-phase until completion in 2025, Plant 2 at Samsung SDI Energy Malaysia (SDIEM) will start mass-production of PRiMX 21700 cylindrical batteries (21mm X 70 mm) in 2024. Samsung SDI’s decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.

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IHS Markit: supply chain challenges to impact global light vehicle production well into 2022

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Assembly and test locations are concentrated in China, South Korea, Japan, Singapore, Philippines, Indonesia, Thailand, Vietnam and Malaysia. With the exception of Singapore and Malaysia, the vaccination rates are reported to be less than 6% for many of these countries, according to the Center from Strategic and International Studies.

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Lotte Chemical to invest $2.3B through 2028 to boost production of copper foil for EV batteries

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trillion KRW (US$2-billion) acquisition of electric foil manufacturer Iljin Materials, and changed Iljin’s name to Lotte Energy Materials , in a bid to boost its battery business. Lotte Energy Materials is a major copper foil producer and has long-term supply contracts with global battery companies both in Korea and abroad.

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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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The MOU was signed by LGES and three subsidiaries under Hanwha Group—Hanwha Solutions, owner of clean energy manufacturer Qcells, Hanwha Corporation/Momentum and Hanwha Aerospace. Hanwha Aerospace is a leading aerospace and defense company manufacturing rocket engine, satellites technology.

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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

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The thinner the foil is, the more active material can be loaded into the electrode, which reduces battery weight, increases battery capacity, and minimizes manufacturing costs and environmental impact. From January to May 2021, more than a dozen new projects and expansions have been reported globally, Roskill said.

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Thailand’s EV industry growing rapidly

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The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Electric vehicle battery production is growing in Thailand, with manufacturing plants operated by SAIC, Honda, Toyota and a recently announced Mercedes production facility.

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Hexa Research forecasts $10.96B global rare earth elements market by 2020

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will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Phosphor is essential to manufacture of consumer electronic components such as LCD screens and CRT displays. China, with more than 93% of the global production, was the largest producer of neodymium in 2012. billion in 2020.

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