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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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billion) through 2028 to boost production of copper foil for EV batteries, the company said. Lotte Energy Materials is a major copper foil producer and has long-term supply contracts with global battery companies both in Korea and abroad. Lotte Chemical plans to invest up to 3 trillion KRW ($2.3 In March, Lotte completed the 2.7-trillion

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

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During the first half of 2021, wafer fab capacity constraints were causing the greatest disruption and getting the most attention as the “semiconductor shortage” affecting automotive production. COVID-19 Still Impacting Supply Chain. Malaysia has been shutdown due to COVID-19 outbreaks recently and its vaccination rate is almost 12%.

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

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Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The joint investment is expected to boost battery supply resiliency for the US market amid the growing need for US-made Energy Storage System following the passage of “Inflation Reduction Act”.

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Stellantis signs binding agreement with Element 25 for manganese sulphate supply for EV batteries; sourced in Australia, processed in US

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Stellantis and Australia-based Element 25 signed a binding agreement for Element 25 to supply battery-grade, high-purity manganese sulphate monohydrate (HPMSM) to Stellantis for use in electric vehicle (EV) battery packs. Ernst & Young will advise on potential federal, state and local funding support for a US-based HPMSM Facility.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. The City of Lancaster will host and co-own the green hydrogen production facility, according to a recent memorandum of understanding. The facility will process 42,000 tons of recycled waste annually.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

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The CHIPS Act would establish investments and incentives to support semiconductor manufacturing, research & development, and supply chain security in the United States. The Tesla Model S Plaid’s initial production was delayed due to chip supply shortages. Semiconductor shortages halt BMW and Daimler production lines.

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