Tag: Joint Venture

Jul 29, 2021 - 11:26 am

Hyundai & LG ES to build battery plant in Indonesia

Hyundai Motor and LG Energy Solution have reached an agreement with the government of Indonesia to build a battery cell factory in Karawang near the capital Jakarta. The factory is scheduled to start production in the first half of 2024 with an annual capacity of 10 GWh.

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Jul 28, 2021 - 12:17 pm

LG Electronics & Magna launch joint venture

The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers, as well as complete electric drive systems, has now been sealed. The joint venture’s management team is also now in place.

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Jul 26, 2021 - 01:16 pm

3 new shareholders join Customcells, incl. Porsche

Customcells announces the completion of a financing round in which the battery specialist brings three new shareholders on board. Among them Porsche. The move comes just a short time after the joint founding of a battery joint venture with Porsche and can be seen as a push towards large-scale production.

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Jul 22, 2021 - 10:49 am

Nidec aims for EV joint venture with Foxconn

Foxconn and Nidec have launched talks to set up a joint venture in Taiwan next year to accelerate electric vehicle motor production as the two Apple suppliers push further into the market. Nidec wants Foxconn to help make automotive its largest business driver – only there’s some way to go.

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Jul 21, 2021 - 01:11 pm

Gotion rumoured to build unified VW battery cells in China

Volkswagen’s battery partner Gotion High-Tech also wants to produce the Group’s new unified battery cells in China, local media reports. The corresponding factory is to be built on an area of 333,000 square metres in the city of Hefei and designed for an annual production capacity of 20 GWh.

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Jul 21, 2021 - 12:15 pm

FAW-VW launches electric SUV ID.6 Crozz in China

Volkswagen started deliveries of the VW ID.6 Crozz in China this week. Produced by the FAW-Volkswagen joint venture, the battery-electric SUV is offered in five versions at prices starting at 239,800 yuan, around €31,500.

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Bosch Amps Up

Jul 15, 2021 - 01:29 pm

LG Chem to invest 6 trillion won in battery business

LG Chem is aiming to invest 6 trillion won (4.4 billion euros or 5.2 billion dollars) in the expansion of its battery materials business for electric cars by 2025. In this context, the South Koreans have announced that, among other things, they want to build a new factory for cathode material in South Korea’s Gumi.

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Jul 13, 2021 - 06:07 pm

Volkswagen presents strategy til 2030

Volkswagen has presented its strategy for 2030 called ‘New Auto’. At the core of this strategy is the shift to electromobility and the gradual phasing out of the combustion engine – but it goes far beyond electrifying the hardware that has been dominant for so long

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Jul 8, 2021 - 11:59 am

Volvo & Geely found powertrain joint venture

Volvo Cars and its parent company Geely have formed a joint venture called Aurobay. The new company is to develop combustion engines, transmissions and hybrid drives. The Swedish company wants to be able to concentrate on developing premium electric cars itself.

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Jul 6, 2021 - 09:57 am

Rimac completes Bugatti takeover

The Croatian electric car manufacturer Rimac will take over a majority stake in VW’s noble Bugatti brand, as expected. The German automaker group is thus parting with a brand but will continue to hold shares in the new company Bugatti-Rimac via Porsche.

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Jul 5, 2021 - 10:57 am

Daimler, Traton & Volvo plan truck charging network

The three commercial vehicle manufacturers Daimler Truck, Traton and Volvo Group have signed a memorandum of understanding on the development and operation of a public high-performance charging network for battery-electric heavy-duty long-haul trucks and coaches in Europe.

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Jun 28, 2021 - 11:03 am

Audi’s e-tron facelift contains technical updates

Audi’s e-tron and e-tron Sportback electric models are to receive a facelift in the second half of 2022, including some technical upgrades. According to a media report, this will include a new generation of batteries that will increase the range in both models to more than 600 kilometres.

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Jun 24, 2021 - 05:28 pm

Evergrande & Hella push BMS development and production

The German automotive supplier Hella and China’s Evergrande Group intend to jointly push the development and production of battery management systems, particularly for the Chinese market, as part of their new joint venture Hella Evergrande Electronics.

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Jun 14, 2021 - 12:06 pm

Vertical Aerospace announces 1,000 air taxi orders

The British eVTOL start-up Vertical Aerospace announces pre-orders for a total of 1,000 of its electric aerial taxis. In this context, the company also announces that it is seeking an IPO via SPAC and has received commitments from Microsoft, American Airlines, Avolon, Honeywell and Rolls-Royce.

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Jun 14, 2021 - 11:29 am

Freyr considers battery manufacturing in North America

Freyr, the Norwegian battery manufacturer, planning a 32 GWh battery cell factory in Norway, is also considering building production capacity in North America. There is talk of potentially setting up a joint venture with an unnamed “large multinational industrial group”.

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May 28, 2021 - 01:23 pm

Total joins HysetCo’s fuel cell joint venture in Paris

Total is buying a 20 per cent stake in HysetCo, a joint venture focused on hydrogen mobility in the Paris region. The joint venture owns a fleet of around 700 taxis, the majority of which are still diesel vehicles, but will be gradually converted to hydrogen vehicles by 2024.

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May 26, 2021 - 12:09 pm

General Motors to construct Ultium vehicles in China

General Motors apparently wants to produce the Ultium platform for its electric vehicles in China in the future through its joint venture with SAIC. According to local media, SAIC-GM has recently entered into a strategic partnership with the Wuhan municipal government.

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May 23, 2021 - 10:58 am

Farasis and Geely establish JV for Geely batteries

In China, the US battery manufacturer Farasis is establishing a joint venture with the Geely automotive group for the research and development as well as production and sale of lithium-ion batteries for electric vehicles and other applications.

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May 21, 2021 - 01:08 pm

BASF is planning a cathode joint venture in China

BASF and Shanshan, a supplier of lithium-ion battery materials for electric vehicles, among others, have agreed to establish a joint venture with BASF as majority shareholder (BASF: 51 per cent; Shanshan: 49 per cent) to produce cathode materials and their precursors in China.

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May 21, 2021 - 12:11 pm

Ford & SKI to launch battery joint venture

Ford and SK Innovation have agreed to set up a joint venture to produce battery cells and modules for use in the US carmaker’s electric vehicles. The joint venture, called BlueOvalSK, aims to have an annual production capacity of 60 GWh.

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May 18, 2021 - 01:29 pm

Major order for EKPO Fuel Cell

EKPO Fuel Cell Technologies, the fuel cell joint venture between ElringKlinger and Plastic Omnium, has been awarded a series production contract with a planned total volume in the high double-digit million euro range.

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Found on electrive.com
https://www.electrive.com/2021/07/29/hyundai-lg-es-to-build-battery-plant-in-indonesia/
29.07.2021 11:31