Tag: battery
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South Korea’s SK On signs energy storage battery deal with US firm NeoVolta Power
SEOUL, Aug 31 : South Korean battery maker SK On said on Monday it has signed a deal to supply U.S. firm NeoVolta Power with 9 gigawatt-hours (GWh) of lithium iron phosphate (LFP) battery cells for energy storage system use over five years from 2027.The pouch-type cells will be produced at SK On’s factory in
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LG Energy, once fixed on EV batteries, jumps to Plan B
Aug 19 : A few years ago, battery manufacturer LG Energy Solution was racing to make cells for electric vehicles. Today, its focus has mostly flipped to a new product: energy storage batteries. Most of LG Energy’s North American factories are making energy-storage batteries, or gearing up to, said Robert L
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Battery cell production at Ohio plant to restart for GM EVs
DETROIT, Aug 12 : A factory jointly owned by General Motors and LG Energy Solution in northeast Ohio is scheduled to restart production of battery cells next week after a seven-month shutdown. On Monday, a majority of laid-off workers will resume making batteries at the Ultium Cells joint-venture plant, Tom
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Volkswagen in talks with Chinese partner on Spanish battery plant, trade outlet reports
BERLIN, July 27 : Volkswagen and its partner Gotion are in advanced talks about a possible stake for the Chinese company in the German carmaker’s battery plant in Valencia, Spanish trade publication La Tribuna de Automocion reported on Monday.The process has involved high-level visits from the Chinese battery
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LG Energy Solution forecasts 77% operating profit fall in Q2 on weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecast of a 249
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EV myths muddy the road to electrification
Claims that electric vehicle batteries are tainted by exploitative mineral supply chains are discrediting non-fossil cars as electrified road transport booms.
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Exclusive-GM may ditch LFP batteries for future EVs
SAN FRANCISCO, June 10 : General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM’s head of battery technology said. The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use
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