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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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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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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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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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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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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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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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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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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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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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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Chinese electric car manufacturer Aiways has entered into a joint venture agreement with CATL-backed KBVIP to build a network of more than 100 fast-charging stations across China.
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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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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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According to a media report, the Croatian electric car specialist Rimac wants to acquire a majority stake in VW subsidiary Bugatti. Rimac is to be floated on the stock market by 2022.
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Porsche and Customcells have now completed the previously announced formation of their joint venture to produce high-performance battery cells. Cellforce Group GmbH is to be based in Tübingen in Germany.
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Volvo Car Group and Northvolt want to set up a joint venture to develop and produce more sustainable batteries tailored to power Volvo’s and Polestar’s next generation of pure electric cars. The plans include R&D and a large scale cell factory in Europe.
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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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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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Stelco and Primobius have agreed to build a facility to recover and recycle metals from lithium-ion batteries. Stelco is a Canadian steel company and Primobius is a joint venture founded by the Australian company Neometals and the German SMS Group.
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The South Korean steel company Posco wants to set up a recycling business for lithium-ion batteries from electric cars together with the Chinese company Huayou Cobalt. The partners have already established a 65:35 joint venture called Posco Hy Clean Metal.
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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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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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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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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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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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The Italian automotive supplier Marelli, and Punch, a supplier for the development, integration and manufacturing of driveline and powertrain solutions, have reached an agreement to form a joint venture focused on e-axle solutions.
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GAC Aion, the electric car offshoot of China’s GAC Group, has teamed up with ride-hailing company Didi Chuxing to develop an autonomous electric car. The plan is to develop a model for “large-scale commercial applications to accelerate mass production”.
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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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Ultium Cells, the battery cell joint venture between General Motors and LG Energy Solution, has partnered with Li-Cycle to recycle “up to 100 per cent” of material waste from battery cell manufacturing in the future.
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