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Samsung SDI to invest US$1.3B in second battery production facility in Malaysia

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Samsung SDI broke ground on a second battery production facility in Seremban, Malaysi. billion) investment phase-by-phase until completion in 2025, Plant 2 at Samsung SDI Energy Malaysia (SDIEM) will start mass-production of PRiMX 21700 cylindrical batteries (21mm X 70 mm) in 2024. With a total of 1.7

Malaysia 199
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Lotte Chemical to invest $2.3B through 2028 to boost production of copper foil for EV batteries

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billion) through 2028 to boost production of copper foil for EV batteries, the company said. trillion KRW (US$2-billion) acquisition of electric foil manufacturer Iljin Materials, and changed Iljin’s name to Lotte Energy Materials , in a bid to boost its battery business. Lotte Chemical plans to invest up to 3 trillion KRW ($2.3

Malaysia 195
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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. They include enclosure, heat management and other balance of system.

Energy 199
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Stellantis signs binding agreement with Element 25 for manganese sulphate supply for EV batteries; sourced in Australia, processed in US

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Stellantis and Australia-based Element 25 signed a binding agreement for Element 25 to supply battery-grade, high-purity manganese sulphate monohydrate (HPMSM) to Stellantis for use in electric vehicle (EV) battery packs. Manganese is a key stabilizing element in the cathode of EV batteries.

Australia 387
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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

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The first half of 2021 has seen a tidal wave of announcements of new electrodeposited copper foil mill projects, as well as second- and third-phase expansions at existing mills, according to market consultancy Roskill. The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs.

Malaysia 225
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Thailand’s EV industry growing rapidly

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The Thailand Board of Investment announced that Thailand has received more foreign direct investment supporting the country’s growing electric vehicle production ecosystem. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Industry 286
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Nikkei: China boosts domestic rare earths quota by nearly 30%

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China has increased its production quota for rare-earth metals by close to 30% for the first half of this year, according to a report by the Nikkei. Although it is the world’s dominant producer of rare earths, China still imports the minerals from abroad—primarily from Myanmar, Malaysia and Vietnam.

China 301