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Morocco expects more EV battery investments, minister says – ET Auto

Baua Electric

Last year, the Moroccan government and China’s Gotion agreed to look into setting up an electric vehicle battery plant in the kingdom with up to USD 6.3 The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%. billion in eventual investment. billion in eventual investment.

Morocco 52
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Renault Group and Managem Group sign agreement for sustainable supply of Moroccan cobalt

Green Car Congress

Renault Group and Managem Group , a Moroccan player in the mining and hydrometallurgy sector, signed a memorandum of understanding (MoU) aimed at securing the supply of low-carbon and responsible cobalt sulfate for electric batteries. billion from 2025 and a target of €3 billion.

Supplies 225
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ZF signs multi-year supply agreement with STMicroelectronics for silicon carbide devices for new inverters

Green Car Congress

Under the terms of the multi-year contract, ST will supply a volume of double-digit millions of silicon carbide devices to be integrated in ZF’s new modular inverter architecture going into series production in 2025. With this strategically important step, we are strengthening our supply chain to be able to securely supply our customers.

Supplies 186
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Prayon and Pulead to create JV for manufacture and sale of lithium iron phosphate material for Li-ion batteries

Green Car Congress

Major cathode material producer Pulead (China) and phosphate leader Prayon (Belgium) have entered into an agreement to form a joint venture for the manufacture and sale of lithium iron phosphate (LFP) under licence from LiFePO 4 +C Licensing LLC. The joint venture will help meet the increasing global demand for licensed LFP.

Li-ion 150
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BMW targeting doubling energy density of battery cells by 2030, with current i3 as basis

Green Car Congress

Taking the technology currently in the BMW i3 as a basis, by 2030 we will be able to double the energy density of our battery cells—and therefore also the operating range of the vehicles for our customers. The relevant agreements guarantee a reliable supply of these materials until 2025 and beyond.

BMW 352
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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Stellantis CEO Carlos Tavares’ pay increase has annoyed a subset of shareholders as the automaker positions itself for more layoffs and attempts to shift the production of electric vehicles to countries where labor is cheaper. Legal challenges have also been raised on behalf of the manufacturer. Suppliers certainly appear angry.

Legal 114
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BMW boosts CATL battery order to €7.3B, signs €2.9B battery order with Samsung SDI

Green Car Congress

The BMW Group is deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. The BMW Group has also signed a long-term supply contract for its fifth-generation electric drive trains with its second battery cell supplier, Samsung SDI. Limited) and Samsung SDI.

BMW 220