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Cabot Corporation to open new battery application technology center in Europe

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Cabot Corporation plans to establish a new technology center in Münster, Germany. The new technology center will focus on technical collaboration with customers in order to accelerate application innovation for Cabot’s battery materials product lines within Europe.

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Nikola reports momentum in Class 8 battery-electric truck sales in Q2

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Nikola Corporation announced its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks (up from 31 in Q1) and retail of 66 trucks (up from 33 in Q1) in Q2 ended 30 June 2023. Production dropped to 33 units in Q2 from 63 in Q1.

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LG Chem spinning off battery business

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LG Chem plans to spin-off its global battery business. LG Chem will seek approval from an extraordinary meeting of stockholders on 30 October and officially launch the spin-off—tentatively named LG Energy Solution—as a new corporation exclusively in charge of the battery business from 1 December.

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Honda targeting annual sales of 70,000 for electric Prologue SUV in 2024

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Honda announced an initial annual sales target of 70,000 units for the Prologue SUV, Honda’s first new volume battery-electric vehicle (BEV), when it goes on sale in 2024. Honda anticipates these regions will represent the bulk of sales at the onset of launch due to higher customer acceptance and regulatory requirements.

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LG Energy Solution and Honda break ground for new JV EV battery plant in Ohio

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Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant more than 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio—about 40 miles southwest of Columbus. Earlier post.) The two companies have committed to invest $3.5

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Kia targeting annual sales of 1.2M BEVs by 2030; 14 BEV models by 2027 including two electric pickup trucks

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Kia Corporation described its roadmap to 2030 at the company’s 2022 CEO Investor Day virtual event. These core business aims include: Accelerating electrification and achieving annual sales of 1.2 These core business aims include: Accelerating electrification and achieving annual sales of 1.2 million BEV sales in 2030.

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Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

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Mitsubishi Motors Corporation (MMC) unveiled its next Mid-Term Business Plan (MTP). Additionally, MMC will move to make 50% of global sales an EV by 2030, and then 100% of the fleet electrified by 2035 (“EV” specifically refers to a blend of plug-in hybrids (PHEV), hybrids (HEV) and pure electrics (BEV)).