article thumbnail

EcoProBM, SK On and Ford to invest C$1.2B to build NCM cathode manufacturing facility in Bécancour, Québec

Green Car Congress

SK On, Korea-based EcoProBM and Ford will invest C$1.2 billion (US$886 million) to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles. EcoProBM established EcoPro CAM Canada LP in February.

article thumbnail

Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

Ford announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. Ford announced that Contemporary Amperex Technology Co., 150,000 F-150 Lightnings for North America.

Ford 221
article thumbnail

SK Innovation to spin off battery business and E&P business

Green Car Congress

Currently, the company holds an annual battery production capacity of 40GWh, produced in various countries, including South Korea, the United States, China, Hungary. Moreover, the company is growing at a rapid pace, with the recent announcement to form a joint venture with Ford. Earlier post.).

article thumbnail

SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

SK On ranked ninth in terms of global EV battery market share in 2019, but has shot up to fifth this year. The company, which supplies batteries to automakers including Ford, Hyundai and Volkswagen, currently operates seven factories in the United States, Hungary, China and South Korea and is currently in construction of seven more plants.

Supplies 259
article thumbnail

Tesla supplier CATL sees massive income increase supported by EV market domination

Teslarati

CATL has been one of Tesla’s leading suppliers for several years and has expanded into other partnerships with companies like Ford. As of 2022, CATL said it controlled more than one-third of the total battery market globally, 37 percent, to be precise. It is continuing to expand into other markets as well, including Hungary.

Market 79
article thumbnail

Ford Focus 1.0L EcoBoost model accounts for 23.3% of Focus orders in April in Europe

Green Car Congress

of the Ford Focus models in Europe’s major 19 markets. The Euro 19 markets are: Austria, Belgium, Britain, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland. Across Europe, more than 4,700 customers ordered a Focus 1.0-liter

article thumbnail

BYD EV plant in Mexico under consideration

Teslarati

BYD Mexico’s country manager, Zhou Zhou, told Nikkei Asia that Mexico is a key market with potential. It opened facilities in Thailand this year and announced plans to build a production site in Hungary in the next three years. He added that overseas production is essential for an international brand.

Mexico 87