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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

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SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

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Volkswagen Group and Canada aim to advance sustainable battery supply chain in North America

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Volkswagen Group (Volkswagen AG) and the Government of Canada signed a Memorandum of Understanding (MoU) to promote e-mobility in the country and to explore opportunities across Canada’s automotive and battery supply chain. In addition, there are plans to establish a dedicated Gigafactory in North America.

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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. gross overriding royalty on a producing natural gas field in Latin America, providing exposure to a lower-carbon transition fuel aligned with government emissions reduction policies.

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GM and POSCO Chemical to build new N America factory to process cathode active material for Ultium batteries

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General Motors and POSCO Chemical plan to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GM’s Ultium electric vehicle platform. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

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Nikkei: Nidec to build $715M e-axle plant in Mexico

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The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge in demand. million e-axles.

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GM, POSCO Future M announce 2nd phase of CAM production in N America; adding pCAM

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General Motors and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed US$1 billion to increase production capacity of cathode active materials (CAM) in North America and integrate precursor materials production. 2021 - Announced long-term supply with MP Materials for U.S.

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Maersk to deploy 300 electric trucks in N. America in partnership with Einride; first batch BYD 8TT Gen 3

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The trucks will be delivered between 2023 - 2025 for use by Maersk’s North American warehousing, distribution and transportation business called Performance Team – A Maersk Company. Our customers are looking for tangible actions on sustainable supply chains—not just conceptual. —Vincent Clerc, CEO of Ocean & Logistics, A.P.

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