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Benchmark Mineral Intelligence: The west needs to build LFP battery capacity for the technology to go global

Green Car Congress

Tesla’s embrace of lithium iron phosphate (LFP) batteries has propelled the chemistry into the mainstream of the automotive industry. However, more than 90% of the world’s LFP battery cell manufacturing capacity is based in China, according to Benchmark Mineral Intelligence’s Gigafactory Assessment.

Global 186
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SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

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SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

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Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The contract will provide a secure source of supply of battery cells for Mercedes-Benz’s electrification strategy, while Farasis gains security for its planned construction of production capacity.

Mercedes 396
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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Prices could rise higher in Q4 if producers aren’t able to build up stocks now, ahead of typical winter closures.

Chinese 321
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Volkswagen global EV production network grows with launch of second German site in Emden

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Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 Emden is now the second site for electric vehicles in Germany following Zwickau and also joins the Chinese plants in Anting and Foshan. As a result, Volkswagen is creating the conditions in 2022 for building 1.2

Global 435
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SK IE Technology to supply separators for EV batteries to Sunwoda

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SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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Volkswagen Group China building battery system factory in Anhui to strengthen BEV value chain

Green Car Congress

Volkswagen Group China is commencing construction of a battery system production factory in Hefei (Anhui province). VW Anhui Components Company is the first battery system plant to be wholly owned by the Group in China. Thus, Anhui is an important pillar of our global battery strategy.

China 186