The South Korean materials group Posco Chemical has received its largest and longest-term order to date. Battery manufacturer Samsung SDI has contracted Posco Chemical to supply NCA cathode material over a ten-year period.
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The South Korean materials group Posco has signed an agreement with GS Energy that is expected to result in the establishment of a joint venture for recycling spent batteries before the end of this year.
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General Motors has signed a binding off-take agreement for cathode active material (CAM) with Posco Chemical. Under the agreement, which runs from 2023 to 2025, Posco will supply the material from its plant in the South Korean city of Gwangyang to Ultium Cells.
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The South Korean steel group Posco, which is very active in the field of battery materials for electric vehicles, has acquired Tera Technos, a Korean start-up for silicon anode materials, for the equivalent of around 37 million euros.
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Posco International has begun construction of an EV components plant in Ramos Arizpe, northeastern Mexico, and says this will be its first factory in North America. The subsidiary of the South Korean steel company expects to complete construction early next year and will focus on motor cores.
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Britishvolt and South Korean company Posco Chemical have agreed to collaborate on the development and supply of anode and cathode materials for electric car batteries. Britishvolt is securing a stable supply of raw materials ahead of commercial production of its battery cells.
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The South Korean steel group Posco has entered into a cooperation with the Taiwanese solid-state battery cell manufacturer ProLogium. In addition to an undisclosed investment in ProLogium, the agreement provides for the joint development of components for ProLogium’s solid-state batteries.
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A South Korean consortium led by LG has signed an agreement with Indonesian state-owned companies for a project worth around nine billion US dollars. The project aims to build a complete value chain for electric vehicle batteries.
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The South Korean steel company Posco is investing 830 million US dollars in a new lithium factory in Argentina. This is to be built near the salt lake Salar del Hombre Muerto in northern Argentina from the first half of 2022.
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General Motors and Posco Chemical have announced a joint factory in North America to process active cathode material for GM’s Ultium electric vehicle platform. Details are expected to follow shortly – when the joint venture is officially formed.
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Norwegian company Morrow Batteries is working with South Korean company Posco Chemical to jointly develop cathode and anode materials for Morrow’s future battery cells. The collaboration is expected to lead to a long-term volume supply contract.
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South Korean company Posco has started producing high-purity nickel for electric car battery cells. The factory in Gwangyang is expected to reach an annual nickel production of 20,000 tons by 2023, enough for 500,000 electric vehicles.
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According to media reports, in an expansion of its Tongxiang site, South Korean company Posco is planning to build two new plants for electric vehicle battery materials in China. One plant is to be for cathode materials and another for precursors. Both are scheduled to go into operation in 2023.
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The South Korean company Posco Chemical is planning to build another factory for cathode materials in its home country. This is to be built in the coastal city of Pohang and will have an annual capacity of 60,000 tonnes. But plans for plants abroad are also becoming more concrete.
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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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LG Energy Solution will build a US$1.2 billion battery factory in the Indonesian city of Bekasi, east of Jakarta, together with the state-owned Indonesia Battery Corporation (IBC), according to a media report. The initial annual capacity is to be 10 GWh.
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The South Korean steel company Posco has announced plans to build a factory in Gwangyang in S.Korea to extract lithium hydroxide for electric car batteries. The company also plans to invest in Argentina to further its electric vehicle ambitions.
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The South Korean company Posco Chemical will supply Ultium Cells, the joint venture between General Motors and LG Energy Solution for the series production of battery cells, with anode and cathode materials.
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The South Korean steel company Posco wants to significantly expand its production capacity for bipolar plates for use in fuel cell vehicles. The production of fuel cell bipolar plates is to be expanded to 10,000 tonnes per year by 2027.
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The Korean company Posco Chemical has announced that it will invest 275.8 billion won (about 204 million euros) to further increase its production capacities for cathode materials for use in electric car batteries. Plants in China and Europe are probably also conceivable in the future.
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Korea’s largest steelmaker Posco will build a second cathode production facility in the country next year. It will produce 6,000 tons of cathode a year before they are to expand production capacity to 50,000 tons by 2022.
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A consortium led by South Korea’s POSCO and Samsung SDI has won a bid to build a cathode materials plant in Chile. They will jointly invest about 54 million dollars in the plant, which will produce 3,200t of cathode a year starting by 2021.
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Tech destination Europe: Chinese Techrules is looking to set up a production facility in the old world to build its promised TREV (Turbine-Recharging Electric Vehicle). While no European countries have been named yet, the company says it is working on a “shortlist.” Regardless of the final location, Techrules will launch the first supercar within the decade.
worldcarfans.com, carsifu.my
Gearing up lithium production: South Korean Posco predicts rapid growth in demand for lithium due to the surging EV market. The steel manufacturer thus hurries to finish its lithium production plant by September and not in December, as initially planned. Annual production capacity is 2,500 tons of lithium, enough for about 60,000 EVs.
pulsenews.co.kr
Joint e-drive development: German Groschopp presents a drive module developed within the ESKAM project, which stands for electric scalable axle drive modules. It is a joint initiative by seven German companies, three universities and a Fraunhofer Institute. The drive has no permanent magnets and develops up to 45 Nm.
elektrotechnik.vogel.de, emobilight.de (articles in German)
Nuclear transport: Autonomous electric shuttle buses now transport EDF employees around the nuclear power plant in French Civaux. The six electric buses by Navya Arma will operate a 3 minute schedule and are hoped to increase productivity considerably. If they are charged using “clean” energy is debatable.
lyonmag.com, navya.tech (articles in French)
Most clicked link on Monday was not yet another Tesla news, but that about a Chinese competitor. BAIC is building an electric supercar inspired by both the BMW i8 and the Californian EV maker.
autocar.co.uk
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.
reuters.com, online.wsj.com
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.
koreajoongangdaily.com, ecns.cn
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.
4-traders.com, just-auto.com
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.
greencarcongress.com, green.autoblog.com
Most clicked link on Tuesday was the news about the electric revival of Spanish Loryc and its Electric Speedster.
motorauthority.com