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

Green Car Congress

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. The three companies together will spend up on 1.21

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Roskill: Yahua-Tesla deal indicative of increasing capability and numbers of Chinese lithium convertors

Green Car Congress

The total value of the contract is reported to be US$630-880 million, with Yahua Lithium to provide battery-grade lithium hydroxide to Tesla from 2021 to 2025. Yahua Lithium commissioned the Ya’an plant in May 2020 with 20ktpy of capacity for battery-grade lithium hydroxide.

Chinese 305
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

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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Rystad Energy: Synthetic graphite key to meeting battery demand surge, despite ESG concerns

Green Car Congress

As demand for electric vehicles (EVs) soars, spurred by government incentives and a push to decarbonize the transportation sector, the global battery industry is set to attract significant attention and investment. On the back of this, demand for battery cathodes and anodes is also set to rocket. million tonnes last year.

Energy 195
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CATL seen constructing new battery production facility in China

Teslarati

CATL is continuing to expand battery production in China as it looks to maintain its grip on the battery cell market. Europe, and South Korea, CATL has doubled down on its home market of China. According to some estimates, that is enough battery capacity for 800,000 vehicles per year.

China 98
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Tesla battery supplier LG Energy Solution is looking to raise $11 billion for its IPO

Teslarati

South Korea-owned LG Energy Solution, which currently stands as the world’s second-largest electric vehicle battery maker after China’s Contemporary Amperex Technology (CATL), is looking to raise $11 billion as part of its efforts to play a larger role in the electric vehicle battery market.

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South Korean EV battery makers flock to U.S. after Inflation Reduction Act

Teslarati

Battery suppliers from South Korea are moving production to the U.S. to compete with Chinese rivals. According to a report from Korea IT News , as part of the Inflation Reduction Act’s passage requiring U.S.-made and South Korea to challenge the market leader. production facility.