Electrification Solutions

https://lnkd.in/gy-7_zZe South Korean battery manufacturer LG Energy Solution has announced it has signed an agreement to supply electric vehicle batteries to subsidiaries of Mercedes-Benz AG in North America and other regions. The company stated in a regulatory filing that it will provide 50.5 GWh of batteries to #Mercedes-Benz between 2028 and 2038, though the contract amount cannot be disclosed at this time. Read on the Electrification Solutions website at the link above. Write your thoughts below. #LG #electriccars #electricautmobiles #electricvehicles

https://lnkd.in/ggqAgVE9 Following Northvolt’s announcement on September 23 regarding business contraction and layoffs, along with the suspension of the #Northvolt Ett expansion project, its subsidiary, Northvolt Ett Expansion AB, filed for bankruptcy on October 8 in #Stockholm District Court. Read the full article on the Electrification Solutions website, and write your thoughts in the comments section.

https://lnkd.in/gZeEjmEA #RioTinto is in talks to acquire American lithium producer Arcadium Lithium, with both companies confirming the discussions, though no financial details have been disclosed. They both said that talks were non-binding and and it was uncertain if an agreement would be reached or if negotiations would continue. Read on the Electrification Solutions website above. Comment below, and please share online.

https://lnkd.in/g6n_zbwT NIO announced that on October 4, under the joint witness of #UAE President Mohammed and Egyptian President Sisi, #NIO signed a strategic cooperation agreement with its strategic investor #CYVN. They will establish an advanced technology #R&D center in Abu Dhabi, focusing on smart driving and AI technology, and they will also jointly develop a new vehicle tailored for the local market. Read the full story on the Electrification Solutions website at the link above. What are your thoughts? Write below in the comments section.

https://lnkd.in/gkxuCS_M Tesla is pushing forward its largest #battery project in 21 years since its establishment, planning to launch four new 4680 battery models by 2026. It is reported that #Tesla is designing these four new proprietary batteries to power the electric truck #Cybertruck, the autonomous #Robotaxi, and other #electricvehicles. Read at the Electrification Solutions website at the link above. #electriccars #batteryproduction

https://lnkd.in/gstNJBnw On September 10, Israeli battery technology company StoreDot announced that its prismatic #battery can charge from 10% to 80% within 10 minutes without compromising battery health or range, which addresses the challenge of charging speed. It is reported that its #XFC battery #technology utilizes silicon-based anode materials. Read on the Electrification Solutions website at the link above. Please Like and Share online. #batteryproduction #battery #electricvehicles #electriccars

https://lnkd.in/gNvppwBf According to the latest data from the European Automobile Manufacturers' Association (ACEA), new car sales in the European Union (#EU) fell by 18.3% year-on-year in August, marking the lowest level in three years. Notably, sales of #BEVs plummeted by 43.9% compared to the same period last year, marking the fourth consecutive month of decline. This dramatic downturn is primarily attributed to the collapse of sales in Germany and France, the EU’s two largest electric vehicle markets, with declines of 68.8% and 33.1%, respectively. #carsales #autosales #electricvehicales #electriccars #batterymanufacturers

https://lnkd.in/ga66_yds According to Automotive News Europe, the Federazione Italiana Metalmeccanici (FIM-CISL), the Unione Italiana Lavoratori Metalmeccanici (UILM), and the Federazione Impiegati Operai Metallurgici (FIOM) announced plans to strike against Stellantis on October 18. Just last week, the largest auto union in the US threatened to organize strikes at multiple #Stellantis facilities in the country. The Franco-Italian automotive group now appears to be facing challenges in both Europe and North America. Read on the Electrification Solutions website at the link above. We want to know what you think. Comment below. #strike #automotiveindustry #electriccars

https://lnkd.in/gQfECn8q On September 23, it was reported that Northvolt AB reported a 20% global workforce reduction and the suspension of expansion plans at its main factory in northern Sweden to address a financing crisis caused by slowing #electricvehicle demand. Read the full article on the Electrification Solutions website at the link above. Please Like and Share online, and write your thoughts below.

https://lnkd.in/gmBPg3rE On September 17, #Group14 Technologies, the world’s largest producer and supplier of #silicon battery materials, announced that shipments of its #SCC55™ silicon-carbon composite material have commenced from a joint venture #EV plant located in Sangju, South Korea. Group14 has completed deliveries to over 100 EV and consumer electronics (#CE) battery manufacturing customers worldwide. Read on the Electrification Solutions website above. Comment below. What do you think?