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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

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Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170
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Germany launches R&D facility for industrial-scale Li-ion cell manufacturing; €500M in funding

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The German Federal Ministry of Education and Research (BMBF) has launched the Battery Cell Research Production Center, a new R&D and large-scale industrial manufacturing plant for lithium-ion cells; the center will receive an investment of €500 million. In addition, there are research and development locations worldwide.

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Impact Clean Power Technology unveils visualization of GigafactoryX; 4 GWh/year by 2027

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Poland-based battery systems maker Impact Clean Power Technology unveiled a visualization of GigafactoryX—a large-scale battery factory for electric vehicles and energy storage which will be launched in the city of Pruszków, near Warsaw. Its construction will increase Impact’s production capacity to 1.2

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City of Gdynia orders 30 Solaris Trollino trolleybuses with Li-ion battery packs for off-wire driving

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The city of Gdynia in Poland has signed a contract with Solaris for the delivery of 30 trolleybuses worth more than 95 million PLN (US$28 million) in total. an electric drive powered by overhead wires—the Solaris vehicles commissioned by Gdynia will be fitted with additional batteries which enable driving off the traction line.

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EU investing €1.8B in 17 large-scale clean tech projects

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Grants will be disbursed from the Innovation Fund to help bring technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key components for energy storage and renewables. capture and liquefaction at a cement plant to storage in offshore sites.

Clean 334
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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

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The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs. Copper foil is the most commonly used anode current collector in Li-ion batteries; it not only lets electric current flow but also dissipates the heat generated by the battery.

Malaysia 225
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LG Chem, Huayou Cobalt to form 2 JVs in China; precursors & cathodes for EV batteries; supporting 400K EV packs/year

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LG Chem will form two joint ventures with China’s Zhejiang Huayou Cobalt to secure supplies of cobalt for Li-ion batteries. The 40,000-ton capacity is enough to manufacture about 400,000 battery packs for EVs with about 320 km range (~200 miles). LG Chem will invest KRW 239.4 s subsidiary GS EM.

China 170