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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. The Toray Group will continue to develop, manufacture, and supply battery separator film and coating in Japan and Korea.

Hungary 186
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Potential opportunities for collaboration in electric vehicle (EV) and battery material supply chains.

Supplies 259
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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

Green Car Congress

The primary factors determining the siting of new foil capacity include proximity to EV battery making customers; a site suitable for multiple expansion phases; locally available supplies of high-grade copper scrap (the primary raw material) and finally, a cheap and reliable electricity supply (the main manufacturing cost), Roskill said.

Malaysia 225
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SK On secures US$2B for battery business in Europe

Green Car Congress

3 in Europe currently under construction in Iváncsa, Hungary. The large volume of supply orders SK On has already received from automaker companies, as well as the fact that the company has been approved by the ECAs to be a representative green business to reduce carbon, made this funding scale possible, the company said. From the 1.7

Europe 210
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Brussels plant kicks off production for the new Audi Q8 e-tron

Green Car Congress

The Audi Q8 e-tron will reach customers in Europe and the United States as a certified net carbon-neutral car. The system generates around 9,000 MWh of power from sustainable energy every year—enough to charge some 90,000 Audi Q8 e-tron units and reduce carbon emissions by 1,881 tons.

Audi 195
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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
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SK On may start mass producing LFP batteries for automakers in 2026 – executive – ET Auto

Baua Electric

South Korea’s SK On plans to start mass producing lithium iron phosphate (LFP) batteries as early as 2026 to supply several automakers as it pushes to deliver a lower cost battery chemistry favoured by its Chinese rivals, a senior executive said. SK On has production sites in the United States, South Korea, Hungary, and China.