🔋 L&F, a major supplier of cathode active materials (“CAMs”) out of South Korea, has been awarded a $6.8B contract to an undisclosed European cell producer. L&F will supply 176 kt of CAM from January 2025 through December 2030. The deal marks the first time a Korean company has entered into a CAM supply agreement with a European customer. The Korean Economic Daily Global rumored the deal involved Northvolt, Europe’s largest EV battery maker, by deducing that Northvolt is the only company that can make use of that volume of CAM. Furthermore, L&F and Northvolt were expected to sign a broader $15B deal, as announced in October 2023. L&F flagship product is a high-nickel NCMA cathode, with 77% of product going to LG Energy Solution and Tesla. The new deal is intended to diversify L&F’s customer base. 💡 Adamas take: The average 22 GWh/yr of cell production implied in 176 kt CAM could be deployed by a number of cell companies in Europe from 2025, however, given the buildup of datapoints pointing to an L&F-Northvolt tie-up, the rumor offers credibility. The entrance of Korean CAM into Europe has been long anticipated. Geopolitically, the union makes sense, although logistics are challenging. Chinese companies are increasingly opting to set up shop within Europe itself, as evidenced by the Hunan Yuneng news piece. --- 📄 The above is an extract from the EV Battery Lithium Monthly service, led by Adamas lithium analyst, Christopher Williams. 📩 Contact Adamas Intelligence for more info #lithium #batteries #electricvehicles https://lnkd.in/gUTbmszY
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Lyten Announces Plans to Build the World’s First Lithium-Sulfur Battery Gigafactory in Nevada Lyten, the supermaterial applications company and global leader in Lithium-Sulfur batteries, today announced plans to invest more than $1 billion to build the world’s first Lithium-Sulfur battery gigafactory. The facility will be located near Reno, Nevada, and will have the capability to produce up to 10 GWh of batteries annually at full scale. Phase 1 of the facility is scheduled to come online in 2027. Lyten’s factory will manufacture cathode active materials (CAM) and lithium metal anodes and complete assembly of lithium-sulfur battery cells in both cylindrical and pouch formats. Lyten has been manufacturing CAM and lithium metal anodes and assembling batteries at its semi-automated pilot facility in San Jose, Calif., since May 2023. Lyten’s Lithium-Sulfur cells feature high energy density, which will enable up to 40% lighter weight than lithium-ion and 60% lighter weight than lithium iron phosphate (LFP) batteries. Lyten’s cells are fully manufactured in the U.S. and utilize abundantly available local materials, eliminating the need for the mined minerals nickel, cobalt, manganese, and graphite. Lyten’s use of low cost, local materials make Lyten lithium-sulfur a lower cost battery than lithium-ion at scale. Source:- https://lnkd.in/dkfQuR7p #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews
Lyten Announces Plans to Build the World’s First Lithium-Sulfur Battery Gigafactory in Nevada - Batteries News
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Lyten planning $1B lithium-sulfur battery gigafactory in Nevada, up to 10 GWh per year: The facility will be located near Reno, Nevada, with the capability to produce up to 10 GWh of batteries annually at full scale. Lyten’s Lithium-Sulfur cells feature high energy density, which the company reports will enable up to 40% lighter weight than lithium-ion and 60% lighter weight than lithium iron phosphate (LFP) batteries. The cells are fully manufactured in the U.S. and use local materials, eliminating the need for mined minerals such as nickel, cobalt, manganese, and graphite. Lyten claims that the use of low-cost, local materials makes their lithium-sulfur batteries a lower-cost alternative to lithium-ion at scale. Read more about the plan here: https://lnkd.in/g2r9auiC #battery #batteries #electricvehicles #emobility
Lyten planning $1B lithium-sulfur battery gigafactory in Nevada, up to 10 GWh per year
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December's Battery Materials Review is just out and this month we're talking about possible US strategy in the sector under the Trump presidency. What policies will stay, what will go, and what will be the impact of tariffs? Subscribe to read more. https://lnkd.in/dwvQ2V2 Also in this issue: EcoPro BM company profile | The demise of Northvolt | The rush to redomicile abroad | Wildcat Resources maiden Tabba Tabba resource | Development Radar | All the global Expln & Devt news | Financing Round-Up | Battery Monitor | EVs now 9% of China's car fleet | ESS Round-up | EV sales are motoring | Lithium squeeze peters out | Artificial graphite continues to dominate in AAM | Macro: Off the bottom but where to from here? | Asset Allocation | Equities roundups Want to understand what's going on in Battery Materials? Subscribe to Battery Materials Review - the only publication which tracks all the battery materials in one place, on a monthly basis. #investing #mining #miningexploration #evs #ev #bevs #electricvehicles #lithium #graphite #cobalt #nickel #ree #vanadium #manganese #rawmaterials #batterymetals #lithiumionbatteries #energystorage #battery #batteries #anode #cathode #energytransition #supplychain #emobility
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It's that time of the month again and October's issue of Battery Materials Review has just been published! In this month's Feature article we discuss Extended Range Electric Vehicles (EREVs), what they are, why they're such an important technology and the impact that they could have on battery raw materials demand. We also recap on the recent Shanghai Metals Market Li-ION BATTERY EUROPE 2024 conference. Subscribe to read more - https://lnkd.in/dwvQ2V2 PLUS - All the all the usual news and analysis on the raw materials, batteries, EVs, Energy Storage sectors; our Exploration Tracker, Development Tracker, Finance Tracker and M&A tracker; our Gigafactory monitor; our Battery Supply Chain trade and consumption analysis; and Materials and Equities performance reviews. Want to understand what's going on in Battery Materials? Subscribe to Battery Materials Review - the only publication which tracks all the battery materials in one place, on a monthly basis. #investing #mining #miningexploration #evs #ev #electricvehicles #lithium #graphite #lithiumionbatteries #energystorage #cobalt #nickel #ree #vanadium #battery #batteries #batterymetals #bevs #anode #cathode #manganese #rawmaterials #energytransition #supplychain #emobility
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🚗🔋 EV Battery Innovation: Meeting Metal Supply Challenges with New Chemistries 🔋🚗 The global electric vehicle (EV) market is booming, leading automakers to seek innovative battery solutions. By 2025, EV battery demand is projected to surge by 148.7% to reach 1,314 GWh, posing challenges in sourcing key materials like lithium, cobalt, and nickel. To address these supply chain issues, manufacturers are exploring new chemistries: - Iron-Lithium Batteries: Offering a cost-effective alternative by eliminating cobalt and nickel. - Sodium-Ion Batteries: Emerging as a solution to soaring lithium prices, despite lower energy density. At Globe 24-7 (www.globe24-7.com), we facilitate connections between industry leaders and top talent to support companies in navigating these transitions and fostering innovation. Let's collaborate to shape a sustainable and robust future for EVs. #EV #BatteryTechnology #Innovation #Sustainability #Globe247 Learn more at: https://lnkd.in/d8B4hubd
Battery Next: Metal supply concerns push EV makers to new battery chemistries
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🇰🇷 BATTERIES: "Solus Advanced Materials poised to lead EV copper foil market: CEO" 🇨🇦 🇨🇳 🇺🇸 🔋 Once its C$750 million plant in Quebec is up and running by 2026, it expects to benefit from the IRA tax breaks. Solus Advanced Materials Co. is lesser known among ordinary drivers of electric vehicles. However, the South Korean company is a little giant to global automakers and battery manufacturers. It supplies copper foil, a core material used to make batteries, to big names, such as Tesla Inc. and LG Energy Solution Ltd., the world’s No. 2 battery maker. Formerly Doosan Solus Co., Solus Advanced Materials is the only Korean company building a huge copper foil manufacturing plant in Canada to benefit from tax breaks under the US Inflation Reduction Act (IRA). Nevertheless, Chin Dae-je, the company's chief executive, says business conditions are getting tougher, although his company has a competitive edge. “The battery-related industry is in a game of chicken. Just like the..... 👉 Article: https://lnkd.in/dfQb8XbD 🎯 TA RawMaterials: https://lnkd.in/d_Np2KpZ (co-funded by Krixos & the EU) #copper #electricvehicles #southkorea #criticalminerals #quebec #tesla #automotive #renewables #mining #evs #batteries #canada #semiconductors #china #copperfoil
Solus Advanced Materials poised to lead EV copper foil market: CEO - KED Global
kedglobal.com
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Pure Lithium acquires Dimien assets to shift from Chinese EV battery market Pure Lithium's acquisition of Dimien's assets is a major move towards revolutionising the US electric vehicle (EV) battery market and reducing reliance on China for critical battery materials. Pure Lithium is acquiring all the assets, including intellectual property, of Dimien, a vanadium cathode materials innovator in Buffalo, US. This represents a significant advancement in Pure Lithium’s efforts to fully commercialise its lithium metal-vanadium (LVO) battery, which can potentially reduce the US’ reliance on China for current battery materials. https://lnkd.in/d8y_HaEE
Pure Lithium acquires Dimien assets to shift from Chinese EV battery market
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🇨🇳 "China to invest $820m in cutting-edge battery tech, sources say" 🔋 🚘 China is planning to invest around 6 billion yuan ($820 million), the biggest amount of its kind, to encourage the research and development of all-solid-state batteries, a cutting-edge battery technology at the heart of the next generation of electric vehicles, industrial sources told China Daily. Battery makers such as Contemporary Amperex Technology Co Ltd and Beijing Welion New Energy Technology, as well as automakers including BYD, FAW Group, SAIC Motor and Zhejiang Geely Holding Group, will be supported to focus on the R&D of seven projects related to the disruptive tech, the sources said on condition of anonymity. Industry analysts believed that a more profound impact will..... 👉 Article: https://lnkd.in/erZK5hqj 🌏 TA RawMaterials: https://lnkd.in/dXiMtrrp - supported by EIT RawMaterials & the Critical Minerals Institute (CMI) 🇪🇺 EIT RawMaterials: https://lnkd.in/d9ynGvnb 🇨🇦 🇺🇸 🇦🇺 Critical Minerals Institute (CMI): https://lnkd.in/dZqvRG7U #lithium #lithiumionbatteries #china #criticalminerals #batteries #electricvehicles #mining #evs #batterymetals #climate
China to invest $820m in cutting-edge battery tech, sources say
chinadaily.com.cn
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The global future of EV batteries market size was valued at USD 48.7 billion in 2024 and is expected to reach USD 71.5 billion by 2030, at a CAGR of 6.6%, during the forecast period 2024-2035. Changes in lithium-ion (Li-ion) battery chemistry are leading to more efficient electric vehicles (EVs) as the industry switches from toxic metals such as nickel-manganese-cobalt (NMC) to lithium-iron-phosphate (LFP). The rapid progress made in EV battery technology has played a huge role in the emergence of this EV battery market. Electric vehicles are still in high demand due to increasing consumer interest in more sustainable and efficient #transportation options. Manufacturers and researchers are constantly working to improve battery technology by solving problems related to energy density, charging time, cost, cleaner #materials, and safety issues. As the demand for electric vehicles grows, so does the need for these scarce and often geopolitically sensitive resources. By extracting these valuable components from batteries nearing the end of their beneficial lives, #recycling gives a sustainable alternative to relying on risky mining practices and unstable global supply chains. This helps to maintain material sources and promotes a circular economy by reusing materials continuously, improving resource efficiency, and lowering the carbon impact of producing new batteries. The major players in Future of EV Batteries market include #CATL(China), #BYDCompany Ltd. (China), #LGEnergySolution Ltd. (South Korea), #PanasonicHoldingsCorporation (Japan), and #SKInnovation Co., Ltd. (South Korea). #battery #batteries #batterytechnology #electricvehicles #evs #energystorage #energy For more info :- https://lnkd.in/gRBxrQfV
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This will change everything for newer investments! World’s (& China’s) leading integrated battery players CATL and BYD are further lowering down the productions costs of Lithium Iron Phosphate (LFP) batteries. This will create an early price war between China and other countries but would benefit EV manufacturers around the globe. Pricing trend in China for EV battery: - Feb 2023 €110/kWh - Aug 2023 €77/kWh - Oct 2023 €64/kWh - Feb 2024 €51/kWh - Dec 2024 (expected) €40/kWh #china #evbattery Source: read below insightful article
China’s CATL to cut its EV battery costs by up to 50% this year, heralding a price war - Energy Post
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Business Owner at Cycling Batteries Corp. The inventor of FAZT BATTS, The Safest, Smartest, and fastest-charging, most affordable e-bike batteries ever made. Simply the Best e-bike batteries on the planet.
7moI’d love to speak to somebody from Allen or anybody else who’s involved in fast charging cells that are safe. Please get in touch.