Global Scans · Batteries · Weekly Summary

• [New] UBE Corporation has invested $500 million in its Waggaman, Louisiana, a Justice40 community, electrolyte solvent facility project for batteries which it expects to create 60 new jobs. The White House
• [New] In 2024, if all suitable lithium metal produced were used for batteries, it could support 5 to 10 gigawatt-hours of cell production. CarbonCredits.Com
• [New] ExxonMobil announced plans to begin producing lithium, the key component for electric vehicle (EV) batteries, by 2027. Oil & Gas Journal
• [New] Demand for lithium has seen high growth rates for several years with no signs of slowing down anytime soon: lithium battery demand is expected to grow ten-fold by 2030. Kleinman Center for Energy Policy
• [New] With China, Japan, and India adopting more electric vehicles, and urbanization driving demand, lithium-ion battery use is projected to surge, propelling li-ion battery recycling demand. Yahoo Finance
• [New] Battery recycling capacity in Europe (including UK) by end-2023 would hit 160,000 tonnes, and reach 400,000 tonnes in 2025. Pro Bid Energy
• Over 100 new models of battery electric vehicles were announced for release by the world-leading automakers by 2024, which will increase the EV sales to 30-35% among passenger vehicles by 2030. PubMed Central (PMC)
• China will leapfrog steel and skyscrapers to a golden era of mass production of electric cars, batteries, biomanufacturing and the drone-based low-altitude economy. The Economist
• The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). Morningstar, Inc.
• The cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for electric vehicles (EV). Morningstar, Inc.
• The Department of Energy has made $37 million available for projects that support research, development and demonstration efforts in recycling electric vehicle batteries and exploring their second-life applications. Government Market News
• In the battery sector alone, companies have announced plans to build 44 major factories with the potential to produce enough battery cells to supply more than 10 million electric vehicles per year in 2030. The Conversation
• Kibali is steadfast in its transition toward renewable energy, with plans underway to commission a 16 MW solar plant and associated batteries in 2025. Yahoo Finance
• Sales of New Energy Vehicles (NEVs), including battery electric vehicles and plug-in hybrids, will make up more than half of all new cars sold in China within the next three months. The Driven
• New research suggesting electric vehicle batteries will continue to drop in costs thanks to increased economies of scale and a prolonged decline in lithium prices are set to accelerate the demise of ICE vehicle production in China. The Driven
• NextStar Energy is a JV formed by Stellantis and LG Energy Solution and will serve as Canada's first large-scale EV battery manufacturing facility. Automotive World
• Nissan expects solid-state batteries to arrive by fiscal year 2028, representing the third major battery type predicted to be in its lineup closer to the end of the decade. Yahoo
• Chile in April will begin seeking proposals from private firms interested in extracting lithium, a key energy transition material used in electric vehicle batteries, from 26 salt flats not earmarked for state control. MarketScreener
• Lithium-ion batteries are currently the most common type of battery used to power EVs, but it will be extremely difficult - if not impossible - for US companies to produce the number of batteries required. Electric & Hybrid Vehicle Technology International
• China is the dominant player in batteries for electric vehicles and has a rapidly expanding auto industry that could challenge the world's established carmakers as it goes global. AP News
• Another 31.1 trillion won will be slated for research and development in electric vehicles, including software-defined vehicles (SDVs) and battery technology. MarketScreener

Last updated: 14 April 2024