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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

Green Car Congress

The Volkswagen Group and Ganfeng Lithium Co., Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years. Over the next ten years the Volkswagen Group will be launching 70-plus new pure electric vehicles. The global lithium demand is expected to more than double by 2023.

Chinese 268
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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

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Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The stake will give Daimler the option to nominate a representative for a seat on the supervisory board of the battery cell manufacturer. including taking an equity stake.

Mercedes 396
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Deutsche Post DHL Group sells StreetScooter production rights to international consortium ODIN Automotive S.à.r.l.

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Deutsche Post DHL Group is selling the rights and know-how for the production of its StreetScooter electric vehicles to the international consortium ODIN Automotive S.à.r.l. In addition, Deutsche Post DHL Group will become a minority shareholder in ODIN. In addition, Deutsche Post DHL Group will become a minority shareholder in ODIN.

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

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Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. VW Group stays on the top of the list with a US$100.5-billion —Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData.

Global 370
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Finnish Minerals Group and Beijing Easpring to form JV company to advance €774M CAM plant project

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In November 2021, Finnish Minerals Group announced that it was negotiating with China-based Beijing Easpring Material Technology on the possibility to establish a cathode active materials (CAM) plant in Kotka, Finland. Finnish Materials Group owns 40% of that joint venture. It is actively promoting global expansion.

Companies 195
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Volkswagen global EV production network grows with launch of second German site in Emden

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Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 Emden is now the second site for electric vehicles in Germany following Zwickau and also joins the Chinese plants in Anting and Foshan. The global production network will then grow to five locations.

Global 435
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Hyundai Motor Group building new fuel cell system plant in China; first outside of Korea

Green Car Congress

Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.

Hyundai 277