LG Chem & Audi, Samsung SDI, POSCO, ORNL.
German-Korean battery deal: LG Chem will start to supply batteries for Audi’s plug-in and micro hybrid vehicles, says the battery maker. No further details have been released, except that the deal is “worth hundreds of millions of dollars”. LG Chem now supplies batteries to 20 customers worldwide.
New Samsung SDI facility: The battery maker has started building its new production facility in China where cells for EVs will be made. An investment of 600 million dollars shall return 40,000 batteries annually for Samsung with production set to start this October.
Lithium extraction facility: POSCO is building a large demo plant in Argentina to showcase its latest lithium extraction technology. The facility is being shipped in parts from Chile. The mining company mentioned growing demand from electric carmakers as one reason for expanding its operations.
A 100-mile range is enough: The Oak Ridge National Laboratory tells drivers and makers of EVs in its latest study, to not expect more than a 100-mile range to keep costs at an affordable level. At least until battery prices have fallen to less than 100 dollars per kWh.
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Most clicked link on Tuesday was the news about the electric revival of Spanish Loryc and its Electric Speedster.