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LG Energy Solution secures lithium supply for the North American market

Teslarati

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. The South Korean company is a longtime Tesla supplier.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. billion won in the previous quarter due to fewer EV battery shipments. rise as of 0336 GMT.

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Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. The deal is part of a broader partnership established in March 2022.

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The EV Battery Wish List

Cars That Think

A battery will be the high-voltage heart of each of those 77 million electric vehicles, and by far their most expensive component, setting off a worldwide race to ethically source their materials and crank up production to meet exploding demand. Yet propelling this full-size luxury barge still demands a 112 kWh battery aboard.

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Australia’s resources minister seeks investment from S.Korea, Japan – ET Auto

Baua Electric

Australia’s resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a “prospectus” of 52 investment ready critical minerals projects. For nickel, a flood of Indonesian supply has also hit prices.

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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 I expect that we will see this through.”

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2022 Hyundai Ioniq5 Review – Whatever It Is, It’s Good

The Truth About Cars

Juice is supplied via 77.4 kWh lithium-ion battery. Yes, you can save money by not buying gas, and yes the Ioniq5 appears to be still eligible for the $7,500 federal tax credit if it’s leased (it’s not eligible if you buy since it’s assembled in South Korea). That gives the Ioniq5 a bit of gusto.

Hyundai 52