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Kim Hong - 1 China's - 1 LG Chem - 1 LFP cathodes - 1 Heekyong Yang - 1 Shri Navaratnam - 1
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LG Chem - 1 REUTERS - 1 China's Youshan Company - 1 Huayou Group - 1 LG Chem Ltd - 1 LG - 1 North - 1 U.S - 1

Search resuls for: "LFP cathodes"


3 mentions found


☆ LG Chem partners with Huayou Group to build joint LFP cathode plant in Morocco
  + stars: | 2023-09-24 | by ( Heekyong Yang | ) www.reuters.com   time to read: +3 min
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSummaryCompanies LG Chem to build joint LFP cathode plant in Morocco with China's YoushanCompany to enter LFP cathode business for the first timeCompany partners with Huayou Group to build 4 facilities in Morocco and IndonesiaSEOUL, Sept 24 (Reuters) - South Korea's LG Chem Ltd (051910.KS) said on Sunday it has entered into partnership with China's Huayou Group's subsidiary Youshan to build a joint electric vehicle (EV) battery material plant in Morocco in an effort to diversify its portfolio. LG Chem said LFP cathodes produced at the Morocco plant will be supplied to the North American market and receive subsidies from the U.S. Inflation Reduction Act (IRA) as Morocco is a free-trade partner with the United States. LG Chem and Youshan would need to adjust their respective equity share in compliance with the U.S. Treasury Department's guideline of a "foreign entity of concern," a provision aimed at China, LG Chem said in the statement. The size of LG Chem's investments for its four facilities with Huayou Group has not been finalised yet.
Persons: Kim Hong, China's, LG Chem, LFP cathodes, Heekyong Yang, Shri Navaratnam Organizations: LG Chem, REUTERS, China's Youshan Company, Huayou Group, LG Chem Ltd, LG, North, U.S, U.S . Treasury, U.S . Treasury Department, Huayou, Thomson Locations: Seoul, South Korea, Morocco, Indonesia SEOUL, KS, United States, Korea, China, U.S, Indonesia
☆ Can the World Make an Electric Car Battery Without China?
  + stars: | 2023-05-16 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com   time to read: +10 min
China controls 6% of the world’s nickel 78% of graphite 5% of manganese China controls 6% of the world’s nickel 78% of graphite 5% of manganese Source: CRU Group, U.S.G.S. China makes 73% of NMC cathodes 99% of LFP cathodes China makes 73% of NMC cathodes 99% of LFP cathodes Source: CRU Group Note: Data for “NMC cathodes” category includes NMC, NCA, NMCA; “LFP cathodes” includes LFP, LMFP. China makes 66% of the world’s battery cells 2.8” Cathode Each car has thousands of cells. China makes 54% of the world’s electric cars China makes 54% of the world’s electric cars Source: IEA Note: Data for 2021American investors remain wary about putting money into electric vehicles. Electric car buyers in China get tax rebates, cheaper vehicle registration, preferential parking and access to an extensive charging network.
☆ EV battery makers race to develop cheaper cell materials, skirting China
  + stars: | 2022-11-15 | by ( Nick Carey Paul Lienert | Nick Carey | Paul Lienert | ) www.reuters.com   time to read: +9 min
Today's EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose prices have soared. The EVs of the future — those arriving after 2025 — could shift to sodium ion or lithium sulfur battery cells that could be up to two-thirds cheaper than today's lithium ion cells. China's CATL (300750.SZ) has said it plans to begin producing sodium ion cells in 2023. Michigan-based Amandarry and British startup AMTE Power (AMTE.L) are developing sodium ion batteries using sodium chloride — basically table salt — as the main cathode ingredient. Battery developers hope they can add sodium ion and lithium sulfur batteries to the range open to the auto industry.
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