CATL catches up with LG Chem in EV battery market for 2020

Changan, CATL, and Huawei have launched their second model - the Avatr 12. The sporty fastback made its European debut at the IAA Mobility 2023 in Munich and will enter production later this week. The vehicle is 5020 mm long, 1999 mm wide, 1460 mm high, and has a wheelbase of 3020 mm. The front and rear tracks measure 1688 mm and 1702 mm, respectively. The front fascia includes an active grill at its lower part...

5 September 2023

Reuters reports that CATL will produce its Shenxing battery in Germany and Hungary. The information comes from Gao Pengfei - CATL's chief engineer. The information has been shared at the IAA Munich today. CATL's stand at the show is E30 in Hall A2 of the Munich Exhibition Center and you can visit it from today until September 8th. The Shenxing battery was announced three weeks ago and according to Gao Huan, CTO of...

4 September 2023

Business Korea reports that according to its industry and government sources, Samsung SDI and the Ulsan city officials are in talks regarding the expansion of the company's Ulsan plant with an LFP battery production line. If these talks lead to actual construction, this will be the first lithium iron phosphate (LFP) battery production facility in South Korea. This type of battery is less efficient than the NMC one...

21 August 2023

Today CATL launched Shenxing, the world's first 4C superfast charging LFP battery, capable of delivering 400 km of driving range with a 10-minute charge as well as a range of over 700 km on a single full charge. Shenxing is expected to considerably alleviate fast charging anxiety for EV users, and opens up an era of EV superfast charging. Shenxing leverages the super electronic network cathode technology and fully...

16 August 2023

Subaru and Panasonic Energy have started talks to build a medium- to long-term partnership in the supply of cylindrical Li-Ion batteries. More specifically, Panasonic Energy will supply Subaru with such batteries which will be installed on Subaru BEVs after 2025. The construction of a dedicated BEV plant in Gunma, Japan is also included in the discussion.

3 August 2023

Panasonic Energy announced the signing of an agreement to purchase silicon anode material for automotive batteries from U.K.-based Nexeon to boost the performance of lithium-ion batteries for electric vehicles (EVs). Nexeon’s silicon anode material will be used for lithium-ion batteries to be manufactured at a new facility in De Soto, Kansas, U.S., from 2025. In general, achieving a higher energy density of battery...

25 July 2023

Stellantis and Samsung SDI announced that they have signed a memorandum of understanding to establish a second battery manufacturing facility in the United States, under the existing StarPlus Energy joint venture. Targeted to start production in 2027, the plant aims to have an initial annual production capacity of 34 gigawatt hours (GWh). In May 2022, Stellantis and Samsung SDI announced their commitment to build a...

25 July 2023

The Elec reports that Samsung SDI plans to expand the production of batteries in its Goed, Hungary gigafactory and include the production of 46210 cells. According to the media sources, it is BMW who requested such cells from Samsung SDI. Meanwhile, BMW is building an EV factory in Debrecen, which is a 3-hour drive from Goed. The expansion will require an investment of 500 billion won for two production lines with...

11 July 2023

LG Chem announced in South Korea that it has started mass production of high-nickel single-particle (single crystal) cathode materials for next-generation EV batteries at its Cheongju cathode material plant in June. The first batch of products will be sent to global customers in July. LG Chem plans to expand its single-particle cathode material production line to its Gumi plant by 2027 and expand its total...

29 June 2023

It was as early as this January that a CATL-led consortium and Bolivia have reached an agreement for the development of lithium in the country. The government-led Yasimientos de Litio Bolivianos has signed this agreement with the consortium to jointly exploit, refine, process, and market lithium resources on January 20. This past Sunday, the Minister of Hydrocarbons and Energy, Franklin Molina, announced that the...

23 June 2023

Panasonic Energy and Mazda announced that they have agreed to enter into discussions on establishing a medium- to a long-term partnership to meet the demand for battery EVs and automotive batteries in a rapidly expanding market. Panasonic Energy and Mazda will commence concrete discussions with a view toward Panasonic Energy supplying Mazda with automotive cylindrical lithium-ion batteries manufactured at Panasonic...

21 June 2023

Panasonic has released its financial results for the year 2023 so far and expectations for 2024. In the expansive document, there's a section depicting the areas where the company expects growth and one of them is automotive batteries. In order to take advantage of this expected growth, Panasonic mentions three key areas: Enhancing supply capabilities in the USA - the mass production of 2170 cells from the Kansas...

11 May 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of...

5 May 2023

LG Chem is reinforcing its battery materials supply chain by joining hands with China’s Huayou Cobalt to build a precursor plant in Saemangeum National Industrial Complex, located 230 kilometers southwest of Seoul, Korea. LG Chem announced that it will sign a memorandum of understanding (MOU) with stakeholders on Wednesday, April 19, in an agreement to invest in a precursor plant in Saemangeum. The MOU-signing...

19 April 2023