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☆ Biotech investor Brad Loncar shares 10 predictions for 2023, including a hot new cancer target, Nobel Prize winners, and a biotech founder running for president
▼ + stars: | 2023-01-04 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +14 min

Loncar shared his 2023 forecast, including new drugs, Nobel Prize winners, and more globalization. Brad Loncar isn't expecting a miraculous rebound for the biotech industry in 2023. In an interview with Insider, Loncar shared 10 predictions for biotech in 2023, ranging from Nobel Prize winners and presidential runs to hot cancer targets and bankruptcy worries. 2022 was a rough year for the biotech industry, which once again underperformed the stock market. The industry runs to the next super-hot cancer target: Claudin 18.2In cancer research, drug companies are always on the hunt for the next promising target.

☆ The $360 billion electric car battery market will determine the fate of electric vehicles
▼ + stars: | 2023-01-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. We've investigated how automakers are securing enough battery supply, especially amid the call for domestic sourcing brought on by requirements in President Joe Biden's climate bill. It just led a $400 million investment into the little-known EV battery startup that could make it work. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ China reopening earlier than expected could hit supply chains in the short term, but boost growth in 2023
▼ + stars: | 2022-12-29 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesMainland China's reopening came sooner than expected for investors, and Goldman Sachs warns it will lead to short-term strains in the workforce and supply chains. Positive outlook for GDP, Chinese yuanDespite shorter-term concerns for China's reopening, economists have a rosy outlook for China's growth in the long run. "Improved growth expectations in 2023 might outweigh unfavorable factors such as deterioration in goods and services trade balances," the Goldman Sachs note said. International travel to resumeThe economists at Goldman Sachs said the latest measures will likely benefit the surrounding region's growth as travel normalizes. Travelers with luggage's inside Terminal 1 at the Hong Kong International Airport on December 20, 2022 in Hong Kong, China.

☆ Goldman Sachs names 3 'conviction list' stocks that could profit from their efforts to go green
▼ + stars: | 2022-12-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Stocks identified as "Green Capex Improvers" and "Green Revenue Improvers" beat their sectors by nearly 21% and 15% respectively, Goldman said in a Dec. 7 report. Three stocks Goldman highlighted nine stocks it said have the potential to attract more investments from ESG funds. These are a mix of the so-called "green revenue improvers" and "green capex improvers," and also have "above-average corporate returns." Three of the nine stocks are on the bank's "conviction list," and analysts give them a "buy" rating. LG Chem South Korean firm LG Chem, which produces battery cathodes and electrolytes used in EV batteries, stands to benefit from greater recognition, Goldman said.

☆ Missed China's reopening rally? Bank of America names global stocks to ride the second leg
▼ + stars: | 2022-12-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors will have a second opportunity to take part in the stock market rally after China announced a relaxation of Covid-19 restrictions, according to Bank of America. The Wall Street bank said Chinese stocks had risen substantially after Beijing's "credible policy easing actions" triggered a risk-on move in markets. The bank said it was now seeing "nascent signs" of fundamental earnings data turning positive for stocks, which is likely to set off the second leg of a market rally. The bank named 30 global stocks exposed to China to leverage the "cyclicals and re-opening" theme. According to Bank of America, nearly a quarter of the company's revenue comes from sales to China.

☆ LG Chem to invest over $3 billion to build U.S. battery cathode plant
▼ + stars: | 2022-11-22 | by ( Heekyong Yang | ) www.reuters.com time to read: +3 min

SEOUL, Nov 22 (Reuters) - South Korea's LG Chem Ltd (051910.KS) said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components. Mass production is set to start in the second half of 2025 and the plant will create more than 850 jobs, LG Chem said in a statement. LG Chem is expected to supply cathode materials to Ultium Cells, a battery joint venture between General Motors (GM.N) and LG Chem's subsidiary LG Energy Solution Ltd (LGES) (373220.KS). GM has said it will use NCMA battery cathodes from LG Chem for a range of EVs using Ultium-branded batteries. At this month's G20 summit, South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to prevent discriminatory measures against South Korean companies, his office said.

☆ LG Chem to invest over $3 bln to build battery cathode plant in U.S.
▼ + stars: | 2022-11-22 | by ( Heekyong Yang | ) www.reuters.com time to read: +1 min

SEOUL, Nov 22 (Reuters) - LG Chem Ltd (051910.KS) said on Tuesday it plans to invest more than $3 billion to build a battery cathode factory in Tennessee, as the South Korean chemical materials maker ramps up plans to meet rising demand for U.S. electric vehicle (EV) components. The plant aims to have an annual production capacity of 120,000 tonnes of cathode materials by 2027, enough to power about 1.2 million EVs, LG Chem said in a statement, adding mass production is set to start in the second half of 2025. "With our Tennessee cathode factory, LG Chem plans to actively respond to changes in the global battery material market, such as the Inflation Reduction Act (IRA)," the company said in a statement. LG Chem added that it is also pursuing cooperation in the raw material supply chain with mines and recycling companies to better support its customers to meet the IRA requirements. Reporting by Heekyong Yang Editing by Chris Reese and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ LG Chem to invest more than $3 bln to build battery cathode plant in the U.S.
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 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.

☆ LG Energy Solution swings to Q3 profit on strong EV battery demand, beats estimates
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 26 (Reuters) - Tesla Inc supplier LG Energy Solution Ltd (LGES) (373220.KS) on Wednesday swung to a profit in the third quarter on the back of strong electric vehicle (EV) battery demand and favourable foreign exchange rates. South Korea's LGES, which also sells EV batteries to automakers including General Motors Co (GM.N), Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) among others, reported operating profit of 522 billion won ($365.12 million)for the July-September period, compared with a 373 billion won loss a year earlier and a Refinitiv SmartEstimate of 488 billion won profit drawn from 17 analysts. Revenue for the quarter rose 90% to 7.6 trillion won, LGES said in a regulatory filing. Shares of LGES, carved out of LG Chem Ltd (051910.KS) in a market debut in January, were trading up 1.8% in morning trade, versus the benchmark KOSPI's (.KS11) 0.3% rise. ($1 = 1,429.6500 won)Reporting by Heekyong Yang and Jihoon Lee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Honda's new $4.4 billion EV battery plant will be built in Ohio
▼ + stars: | 2022-10-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for electric vehicles will be located in Ohio. The battery plant is expected to cost $3.5 billion, with overall investment by the unnamed joint venture eventually reaching $4.4 billion, the companies said. Honda and LGES announced plans for the joint venture and battery plant last year, but had not revealed a location. In addition to the new battery plant, Honda on Tuesday said it plans to invest $700 million to retool several of its existing auto and powertrain plants for production of EVs.

☆ Here's how the $360 billion electric car battery market will impact the future of EVs — and how affordable they are for car-buyers.
▼ + stars: | 2022-10-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. It just led a $400 million investment into the little-known EV battery startup that could make it work. Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ A Tesla executive says battery supply has improved so much that the company can buy all the cells it needs for the first time in years
▼ + stars: | 2022-09-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Electric-vehicle makers have struggled for years to secure enough battery supply — but these woes are over at Tesla, for now. Tesla uses about 90% of its battery-cell supply for its electric vehicles and roughly 10% for its energy-storage products, Viecha said. He said Tesla expanded the number of its suppliers in recent years from just Panasonic to multiple battery makers, including CATL and LG Chem. Indeed, Viecha said Monday that the EV industry would grow only as fast as battery supplies could grow. "If the industry can 10X from here, the supply chain will need to 10X as well," Viecha said.

☆ General Motors отзывает десятки тысяч электромобилей из-за случаев возгорания батарей
▼ + stars: | 2020-11-14 | by ( Publika.Md - Aici Sunt Știrile | ) ru.publika.md time to read: +1 min

Автомобильная корпорация General Motors в пятницу, 13 ноября, объявила об отзыве 68 667 электромобилей Chevrolet Bolt EV из-за угрозы возгорания их аккумуляторной батареи. Речь идет о моделях 2017-2019 годов, большинство из них (50 925) были проданы на территории США, передает dw.com. Риск возгорания возникает, когда батарея производства южнокорейской компании LG Chem заряжена полностью или почти целиком, объяснили в Chevrolet. Автопроизводитель изучает причину проблемы и 17 ноября выпустит обновление программного обеспечения, которое ограничит максимальный уровень заряда батареи порогом в 90 процентов. Национальное управление по безопасности на транспорте (NHTSA) призвало владельцев этих электромобилей не оставлять их в гаражах или вблизи домов.

Organizations: Motors, Bolt, LG Chem, Chevrolet, GM, Автомобильная корпорация, Национальное управление по безопасности на транспорте () Locations: США

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