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Ford may shift from SK On to LG to build 45 GWh battery plant in Turkey

Ford battery plant

Ford Motor Company will reportedly partner with LG Energy Solution to erect a new battery plant in Turkey capable of an annual capacity up to 45 gigawatt-hours (GWh). In order to work with LG, Ford will have to back out of a previous deal with SK On, the battery division of SK Innovation and a current partner on several other projects.

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Biden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states

The Biden administration today announced that it’s closed a $2.5 billion loan for Ultium Cells, a joint venture between GM and South Korean battery maker LG Energy Solution. The loan will go toward financing the construction of new lithium-ion battery cell factories in Ohio, Tennessee, and Michigan.

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LG Energy Solution and Snow Lake Lithium team up to establish lithium supply chain for EVs in North America

Lithium North America

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America. When Snow Lake’s lithium mining operation gets up and running in 2025, it plans to supply LG with the precious Earth material essential to current EV battery chemistry. This domestic supply chain could help several automakers qualify for US federal tax credits as well.

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Ford, LG Energy supplier using lithium extraction with ‘minimal environmental impact’ to produce EV battery metals

Compass-Minerals-Lithium-4

Compass Mineral International, a leading supplier of essential minerals like salt and sulfate of potash (used in plant fertilizer), has been pivoting to focus on the “new gold” rush, lithium. The minerals company, which has deals to supply lithium for EV leaders like Ford and LG Energy, is doubling down by using a new extraction technology to obtain the mineral with minimal impact on the environment.

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GM and LG to build 3 US EV battery factories with a $2.5B DOE loan

LG GM battery factory

The US Department of Energy (DOE) has announced a conditional loan of $2.5 billion for Ultium Cells, a joint venture of General Motors (GM) and battery manufacturer LG Energy Solution, to help finance EV lithium-ion battery cell factories in three states. The loan is intended to support the expansion of electric vehicle deployment in the US.

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CATL continues reign as the world’s largest EV battery manufacturer for a fifth straight year

largest battery manufacturer

New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.

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Li-Cycle to expand US battery recycling ‘Hub’ by 40% and provide LG with nickel for the next decade

US battery recycling

To meet increasing market demand, lithium-ion battery resource recovery specialists Li-Cycle has announced plans to increase the processing capacity of an upcoming New York facility by 40%. In addition to expanding its US battery recycling footprint, Li-Cycle has also entered into a letter of intent with LG to create a closed-loop battery ecosystem.

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Stellantis and Samsung SDI will open a Lithium-ion battery factory in North America [Update]

Amsterdam-headquartered global auto manufacturer Stellantis and South Korean battery maker LG Energy Solution announced a joint venture on October 18 to produce battery cells and modules for North America. Now Stellantis has today announced yet another battery production partnership, with Samsung SDI.

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EGEB: A small Canadian province is a North American electric school bus leader

clean school bus program

In today’s Electrek Green Energy Brief (EGEB):

  • Canada’s Prince Edward Island buys 35 more Lion electric school buses, reaching 47 total.
  • LG Electronics will cut emissions in its major products by 2030.
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LG Energy Solution to host ‘Battery Innovation Contest’ for $150k annual prize

LG battery contest

LG Energy Solution is looking to universities and research institutes around the world to help push the next generation of battery technologies forward in the form of a contest. Its international “Battery Innovation Contest” (BIC) will be hosted by LG Energy Solution with open entries through September. The contest is open to all topics pertaining to batteries, and the winner will receive a prize up to $150,000 annually for continued R&D.

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Hyundai and LG partner to invest $1.1 billion in Indonesian battery plant

Hyundai battery

Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding (MoU) with the Government of Indonesia to manufacture BEV batteries in the country through a new joint venture (JV). As part of the JV, Hyundai and LG will invest a total of $1.1 billion in the construction of a battery plant in Karawang, near the country’s capital of Jakarta.

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