article thumbnail

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

Green Car Congress

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.

Supplies 259
article thumbnail

Ford builds 150,000th Mustang Mach-E; on sale in 37 countries

Green Car Congress

Starting in fall 2022, Premium models built with the Extended Range battery offer a targeted EPA-estimated range of 290 miles on all-wheel drive models, up 13 miles. New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable.

Ford 448
article thumbnail

Allkem and Livent to merge to create $10.6B lithium producer, one of world’s largest

Green Car Congress

The merger will create a leading global lithium chemicals producer that will target large automotive companies and look to accelerate supply growth in Canada and Argentina. Livent has nearly eight decades of experience producing a diverse range of lithium chemicals for energy storage and other specialty applications.

Argentina 284
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). Earlier post.).

Supplies 293
article thumbnail

Lilium and Livent to collaborate on R&D for high-performance Li-metal batteries

Green Car Congress

Lilium said that collaborating with Livent, a pioneer in lithium technology innovation and a global leader in lithium production for nearly eighty years, is an important step towards securing Lilium’s future access to the high-performance battery cell technology that will power Lilium’s jets.

Argentina 199
article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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

The company detailed its global vehicle portfolio plans supporting these production goals as part of its Ford+ plan. Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. 150,000 F-150 Lightnings for North America.

Ford 221