Remove Argentina Remove Battery Remove Supplies Remove Tennessee
article thumbnail

SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

Supplies 293
article thumbnail

GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the largest-yet investment by an automaker to produce battery raw materials. Lithium carbonate from Thacker Pass will be used in GM’s proprietary Ultium battery cells. and Argentine businesses. and Argentine businesses.

America 259
article thumbnail

Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

Ford announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. Ford announced that Contemporary Amperex Technology Co., Driving to more than 2 million EVs by late 2026.

Ford 221
article thumbnail

Cooperation between Daimler and Renault-Nissan Alliance deepening in 2016

Green Car Congress

The battery of the new smart electric drive is produced by the Daimler subsidiary, Deutsche ACCUmotive, in Kamenz, Germany. This means smart is the first brand to offer its entire portfolio with both a combustion engine and also battery-electric drive. The new motors are being built at the Renault plant in Cléon, France.

2016 218
article thumbnail

Ford will use module-less LFP batteries from CATL

Push EVs

Ford will use module-less LFP (LiFePO4) batteries from CATL to cut costs by 10-15 percent starting next year. Our Model e team has moved with speed, focus and creativity to secure the battery capacity and raw materials we need to deliver breakthrough EVs for millions of customers.”. DEARBORN, Mich.,

Ford 105