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SolarEdge, Kokam open 2GWh cell plant in South Korea

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Located in the Eumseong Innovation City of Chungcheongbuk-Do, South Korea, Sella 2 is currently producing test cells for certification, with ramp-up expected during the second half of 2022. SolarEdge was established in 2006; it acquired Kokam, a provider of Lithium-ion battery cells, batteries and energy storage solutions, in 2018.

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

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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.

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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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in the April report for the Institute for Supply Management’s Manufacturing Index. This primarily includes dealing with a strained supply chain on critical raw materials, like tungsten, to produce all of those EV-powered automobiles, cranes, trucks and more. New Tungsten Production Will Open the Global Supply Chain.

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POSCO to invest $830M in lithium hydroxide plant in Argentina

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South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. POSCO bought lithium mining rights in Argentina from Australian lithium miner Galaxy Resources for $280 million in 2018. The plant will be constructed by the first half of 2024. Initially, POSCO estimated that the site had 2.2

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Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant

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Last year, Volvo Cars signed long-term supply agreements with two leading global battery suppliers, CATL of China and LG Chem of South Korea. The agreements cover the supply of batteries over the coming decade for next generation Volvo and Polestar models, including the XC40 Recharge P8.

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Benchmark Minerals: Europe’s EV gigafactory capacity pipeline to grow 6-fold to 789.2 GWh to 2030

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Just three and a half years ago, Benchmark’s lithium-ion Battery Gigafactory Assessment (September 2018) reported Europe’s battery cell capacity to be at 120GWh by 2030—enough cells for 2.2 Benchmark cautions that capacity does not necessarily equal reliable supply for the EV industry. million EVs.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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BNEF’s latest Long-Term Energy Storage Outlook sees the capital cost of a utility-scale lithium-ion battery storage system sliding another 52% between 2018 and 2030, on top of the steep declines seen earlier this decade. China, the US, India, Japan, Germany, France, Australia, South Korea and the UK will be the leading countries.