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

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. Potential opportunities for collaboration in electric vehicle (EV) and battery material supply chains.

Supplies 259
article thumbnail

Incat Tasmania selects Wärtsilä solutions for battery-electric lightweight Ro-Pax ferry

Green Car Congress

The vessel will operate between Argentina and Uruguay. The battery power pack that we are supplying will be the largest ever supplied with a unique eight waterjet propulsor configuration. The uniquely designed vessel will be fully battery powered, with e-motor driven Wärtsilä waterjets as the main propulsors.

Uruguay 360
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

POSCO acquires silicon anode startup Tera Technos

Green Car Congress

billion won (US$37 million), as the steelmaker enlarges its position within the Li-ion battery supply chain. POSCO intends to invest $20 billion into the lithium-ion supply chain between now and 2030. POSCO Holdings broke ground for a lithium production plant in Argentina in March. Earlier post.)

article thumbnail

Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.

Argentina 195
article thumbnail

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

Green Car Congress

Livent supplies lithium to many of the world’s premier electric vehicle brands and battery makers. As a fully integrated lithium producer, Livent uses its differentiated technology processes to both source raw lithium and manufacture a range of specialty lithium products.

Argentina 199