■ MoU to bolster technological collaboration, envision new possibilities ■ SK On CEO: “We expect to provide customers with new experiences and values” SK On, a leading global electric vehicle battery manufacturer, announced today it signed a memorandum of understanding (MoU) with the Italian luxury sports carmaker Ferrari to reinforce … [continued]
While there are regular reports about sales performances of the best selling EVs, as one can see here, here, and here, reports on the deployment of the all-essential batteries for these EVs are much less frequent. Nevertheless, they are a critical element in the EV transition, and big business too. … [continued]
While there are regular reports about sales performances of the best selling EVs, as one can see here, here, and here, reports on the deployment of the all-essential batteries for these EVs are much less frequent. Nevertheless, they are a critical element in the EV transition, and big business too. … [continued]
Ford is flirting with China’s CATL, the world’s largest manufacturer of lithium-ion batteries. The two companies have arrived at an unconventional business arrangement where Ford will license battery technology from CATL, but the Chinese company will not own or operate the factory in Michigan. Ford is not placing all its … [continued]
Ford and SK On have received a conditional loan approval from the DOE Loan Program Office in the amount of $9.2 billion.
Back in September, we wrote about Ford’s plans for BlueOval City, its largest ever production facility, meant to propel them into the EV future. We also covered the company’s plans to go beyond the fences of its facility to do more to help make a true community around BlueOval City … [continued]
6-month update on US EV supply chain post-IRA.
South Korea’s Hyundai Motor Group and SK On have finalized a site in Georgia for another EV battery factory. That may seem like mundane news, but it turns out that this investment alone is expected to be one of the largest economic development stories in the history of Georgia. So … [continued]
Hyundai is planning to build three new battery factories in Georgia with LG Energy Solution and SK On to support its EV business.
The story these days is batteries, batteries, batteries. Scaling up electric vehicle production is all about scaling up batteries, and scaling up the mineral mining and refining essential to batteries. Scaling up renewable energy generation capacity is all about scaling up battery storage capacity to help with the fluctuations in … [continued]
