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Toray, LG Chem to establish battery separator film joint venture in Hungary

Green Car Congress

Toray Industries and LG Chem have agreed to form a battery separator film joint venture in Hungary. LG Chem will invest US$375 million (around ¥43 billion) in Toray Industries Hungary Kft. LTHS), in which Toray and LG Chem each will hold a 50% interest.

Hungary 186
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Stellantis partner Samsung SDI teases new EV battery factory in the United States

Teslarati

Stellantis partner Samsung SDI hinted at the possibility of building a new EV battery factory in the United States. Stellantis and SDI entered into a multi-billion-dollar joint venture (JV) in October 2021 to produce lithium-ion batteries for the North American market. depending on demand in the future. Samsung SDI Batteries.

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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. The company plans to quickly expand its production capacity to 85 Gwh by 2023, 200 Gwh by 2025, and 500 Gwh by 2030. Earlier post.).

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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

Green Car Congress

The first half of 2021 has seen a tidal wave of announcements of new electrodeposited copper foil mill projects, as well as second- and third-phase expansions at existing mills, according to market consultancy Roskill. The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs.

Malaysia 225
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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
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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 90
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New HERE-SBD index identifies EV leaders and laggards in the US and Europe

Green Car Congress

Location data and technology company HERE Technologies, in conjunction with SBD Automotive, a global automotive research firm, published an interactive index that shows the developing state of electric vehicle (EV) demand and infrastructure readiness across the United States and Europe.

Europe 170