According to the media, L&F is in negotiations with SK Innovation to supply battery cathode materials. This would be L&F second large contract after securing LG Energy Solution (worth around $1.27 billion) in December of last year. According to industry sources on the 15th, SK Innovation is reported to be… Read More »Cathode materials maker L&F may secure the second large contract after LG ES
According to industry sources SK Innovation has begun ordering equipment to expand the 2nd plant in Yancheng, China. A letter of intent to purchase battery equipment (LOI) was sent to major suppliers. Most equipment orders (PO) are expected to be finished by 1Q. This is the same 10 gigawatt-hour (GWh)… Read More »SK Innovation battery plants expansions
Last year, worldwide electric vehicle (EV) sales were estimated at 3.4 million units. New car sales surged despite expectations to the contrary, and major markets such as Europe drove overall growth. Compared to 2019, when 2.8 million units were sold, the sales volume increased by 600,000 units. The annual sales… Read More »Global EV sales to reach 3.4 million in 2020
While some battery companies continue to expand capacities, others are filing for bankruptcy. On January 11, Qianjiang Motorcycle (000913) announced that Zhejiang Qianjiang Lithium Battery Technology Co., Ltd. (“Qianjiang Lithium Battery”) , a subsidiary of the company, had recently received the “Notice from Wenling People’s Court, Zhejiang Province”. On January… Read More »Case study of bankruptcies in Chinese battery industry
Detailed review of anode materials producers and new entrants in China and abroad.
Despite Tesla’s announcements of increasing internalization of battery production, Panasonic will still play a major part in their production. However, other battery suppliers such as LG Energy Solutions and CATL are also expected to participate. Competition is expected to increase due to diversification of battery procurement sources. According to Japanese… Read More »Panasonic to build Tesla’s 46800 battery pilot line in Osaka
EcoPro resumed trading with LG, to participate in the LG Energy Solution electric vehicle’s battery recycling business. It has been 8 years since EcoPro stopped supplying precursors which are the raw material for battery cathode materials, to LG Chem (currently LG Energy Solutions) in 2012. EcoPro is a holding company… Read More »Will EcoPro build a battery recycling plant in Poland?
L&F, a mid-sized South Korean battery cathode material company, signed a contract to supply cathode materials with LG Energy Solution. Nickel-cobalt-manganese-aluminum (NCMA) high-nickel cathode materials with a nickel content of 80% or more are targeted. On the 16th, L&F announced through an electronic disclosure that it has signed a contract… Read More »L&F signed a contract to supply NCMA cathode material to LG Energy Solutions
ITM Semiconductor, a battery protection circuit company that mainly deals with Samsung, is in charge of producing LG Electronics smartphone batteries. Until now, ITM Semiconductor has mainly been in charge of Samsung Electronics’ wireless division. It supplied battery pack assemblies and battery protection circuits for Galaxy smartphones. Last year, it… Read More »ITM Semiconductor will make new smartphone battery packs for LG Electronics
The Hungarian Investment Authority (HIPA) announced that ILJIN Materials will build the first copper foil (electronic foil) plant in Europe in Gödöllő, outside Budapest, Hungary. The size of the Iljin Materials factory is 50 million square meters. The copper foil production capacity is 10,000 tons per year. Iljin Materials invests… Read More »Iljin Materials builds its first battery copper foil plant in Hungary.