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

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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. Map of Western Australia showing the location of Global Lithium’s assets.

Supplies 259
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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. The supply will go beyond 2030.

Global 435
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Octillion shipping 1,500 battery packs per day globally

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Octillion Energy, a global supplier of advanced high-density lithium-ion battery packs for passenger cars, trucks, buses, and energy-storage systems, has achieved the milestone of shipping more than 1,500 battery packs a day and expects to hit 2,000 packs per day this month. Octillion Power Systems’ factory in Hefei, China.

Global 329
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
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Benchmark: Africa’s lithium production to increase >10x this decade; potentially 12% of global supply

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This will increase the region’s strength in the supply of critical minerals beyond cobalt, which the continent has historically dominated. Benchmark’s Lithium Forecast shows that the region is expected to account for just 4% of global mined lithium supply this year.

Namibia 195
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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In the last year, there has been an explosive need for EV batteries. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index.

Supplies 380