News

GEM Will Provide Another 650,000 Tons of High-Nickel Ternary Precursor Materials to ECOPRO BM Under a New MOU

published: 2021-10-19 11:27

Chinese battery chemical supplier GEM announced on October 10 that it has signed a new MOU with South Korean cathode material supplier ECOPRO BM. ... more

LG Energy Solution Begins Mass Production of Pouch NCMA Cells for GM’s Electric Truck

published: 2021-10-19 9:30

Korea IT News reported that LG Energy Solution will commence the mass production of EV batteries for GM’s first heavy electric truck this October. The initial shipments of these batteries will come from LG’s battery plant in South Korea. Next year, the manufacturing of LG’s batteries for GM’s EVs will be handled by Ultium Cells, a US-based joint venture of the two companies. Currently, LG and GM are jointly building two battery plants in the US, one in Tennessee and one in Ohio. According to Korea IT News, LG will be activating its production line dedicated to the manufacturing of the batteries for GM’s vehicles at the start of this fourth quarter. ... more

Electric Mustang Enters China as Ford Mach-E Commences Production in Chongqing

published: 2021-10-19 9:30

Ford’s electric SUV Mustang Mach-E has now officially entered China. The company announced today that new vehicles will be assembled at the Chongqing plant, and Changan Ford expects to deliver the shipment to clients at the end of this year. ... more

Jinko’s 32GW PV Product Manufacturing Base in Anhui Commences Construction

published: 2021-10-19 9:30

JinkoSolar (Jinko), one of the world’s leading suppliers for PV modules, formally begins the construction of its new production plant in China’s Anhui Province on October 19. ... more

China Builds 100GW Gigantic Renewable Energy Plant in Desert, Bigger than India’s Total Renewable Electricity Generation

published: 2021-10-18 13:21

As foreign media reported, China is now relentlessly establishing gigantic renewable power plants, the scale of which equals all of the wind and solar power in India with a capacity of around 100 GW. ... more

China Power Crunch Causes EV Charging Problems, Industrial Investment and Development Might be Affected

published: 2021-10-18 13:17

Recently, power restrictions in China have affected various industries to different extents around the country. As Chinese media reported, the power crunch has also imposed heavy burden on the electric vehicle (EV) industry. ... more

Analysts: Chinese Businesses Ready for the Possible Minor Consolidation in the Lithium Mining Industry amidst Surging Lithium Prices

published: 2021-10-18 9:30

According to the coverage of Bloomberg News, the price of lithium, a critical element in the batteries of electric vehicles, has been constantly surging recently, but analysts believe that the relevant transaction rush for this material will not deteriorate accordingly, despite record-breaking prices. ... more

Goldman Sachs: Oil Prices Warn about “Another Inflation” Instead of a Result of Temporal Impact during Wintertime

published: 2021-10-18 9:30

The head of energy research at Goldman Sachs pointed out that the oil prices may remain at a higher level for the next several years due to the persistently constrained supply, despite rebounded demand. ... more

Despite Experts’ Opinions to the Contrary, Britain Is Set to Achieve 100% Self-Generated Renewable Energy within 14 Years

published: 2021-10-18 9:30

Ahead of COP26 in November, various countries around the world are now competing to demonstrate their determination to reduce carbon emissions. ... more

Eneos to Acquire Japan Renewable Energy for US$1.8 Billion

published: 2021-10-15 9:30

News agencies and energy news websites reported on October 7 that Japan’s petroleum refiner Eneos has offered US$1.8 billion (200 billion yen) to acquire Japan Renewable Energy from its owners Goldman Sachs and Singaporean sovereign wealth fund GIC. According to Nikkei, this is the first major renewable energy deal that Eneos is pursuing and an indication that the refiner is making a strategic shift away from its traditional fossil fuel businesses. ... more