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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

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Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey.

Turkey 334
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Mercedes-Benz Cars to build battery factory in Jawor, Poland; ninth in its global network

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Mercedes-Benz Cars will build a battery factory at the site in Jawor, Poland, and thus extend its global battery production network to nine factories. After the production of high-tech engines, we will establish additional future technology in Poland. Global battery production network.

Poland 249
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EIB and Umicore conclude €125M loan for EV battery materials production in Poland

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The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. In March this year, the EIB signed a €480 million loan with LG-Chem Wroclaw Energy.

Poland 243
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CATL to supply LFP batteries with Cell-to-Pack technology to Solaris

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CATL will supply lithium iron phosphate (LFP) batteries equipped with novel Cell-to-Pack (CTP) technology to Solaris to power its bus models in a bid to facilitate bus electrification. The energy density of NMC Qilin battery can reach 250 Wh/kg, while that of LFP Qilin battery can reach 160 Wh/kg.

Supplies 250
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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. They include enclosure, heat management and other balance of system.

Building 199
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Vulcan Energy signs binding offtake agreement with LG Energy for lithium hydroxide

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Vulcan Energy Resources, the company developing Zero Carbon Lithium projects to produce both renewable geothermal energy and lithium hydroxide for electric vehicles from the same deep brine source in the Upper Rhine Valley, Germany, has signed a binding lithium hydroxide offtake agreement with LG Energy Solution (LGES).

Energy 150
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LG Chem partners with Umicore for the supply of NMC cathode materials

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Umicore and LG Chem have concluded a multi-year strategic supply agreement for NMC (Nickel Manganese Cobalt) cathode materials to serve LG Chem’s needs out of Umicore plants in Poland, Korea and China. The supply agreement takes effect in 2020 and covers a total volume of 125,000 metric tonnes to be delivered over several years.

Supplies 199