Category Archives: News

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

published: 2021-10-19 9:30 | editor | category: News
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

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

published: 2021-10-18 9:30 | editor | category: News
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

Eneos to Acquire Japan Renewable Energy for US$1.8 Billion

published: 2021-10-15 9:30 | editor | category: News
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