LG Energy Solution’s Post

🔋 Renault Group's Electrifying Strategy: Cutting Battery Costs by 20%! 💡 #RenaultInnovates as it adopts #LFP chemistry and new production processes for EVs. Partnering with LG Energy Solution for extended range, Renault's Ampere unit is set to revolutionize EV affordability from 2026. 🚗 ⚡With a European supply chain in the works, including #CATL and #LG, Renault's taking on Chinese competition head-on. 🇪🇺🇨🇳 Despite market challenges, Renault's pushing forward, balancing innovation with cost-efficiency. Will this help to spark a new era in European EVs? 🤔 Read more at https://lnkd.in/e_jaCS35 #EVInnovation #AutomotiveFuture #SustainableMobility

🏭 ⏸ ACC - Automotive Cells Company pauses its factory plans in Italy and Germany to develop cheaper batteries instead according to Les Echos ⬇ - The JV between Stellantis, TotalEnergies Saft and Mercedes-Benz AG is already producing NMC batteries at its first plant in Billy-Berclau 🇫🇷 : a chemistry bringing more driving range and energy density, but being more pricier to produce. - As the European market is eager for low-cost vehicles, that Stellantis is already gearing up on this segment with its new ë-C3 and similar incoming affordable cars from Jeep and Fiat but also because of the current little hiccup in the EV sales, ACC is starting to ponder its initial chemistry choice, and freezes any further development at Kaiserslautern 🇩🇪 and Termoli 🇮🇹 to wait for stronger demand and potentially prepare a switch towards the cheaper LFP chemistry in both factories. - A dilemma also faced by Renault, who couldn't change the chemistry choice of its partner Envision AESC as the latter was already in a too advanced stage of development to consider it, forcing Renault to source the LFP batteries for its cheapest R5 variant from South-Korean LG, far away from its ElectriCity. What's next then, and what role for Stellantis' JV with CATL on LFP batteries production in Europe? Source (French) : https://lnkd.in/e9rccdZ2 #electricvehicles #batteries #lfp #nmc

EV market growth: once the 5% market share is attained in a country, market penetration accelerates at a blistering pace, according to Bloomberg. In 2023 there are 6 new comers to the 5%+ club. It is astounding to see Thailand and Turkey already leaped towards a 12% share, driven by Chinese OEMs led by BYD and TOGG local production intro, respectively. #EVmarket #ElectricCar #Evat

✅ The transition of the European automotive sector is underway. The success to build a sustainable, inclusive and competitive automotive industry relies on the ability to have a holistic vision of the entire value chain and to generate collaborative actions. ✅ The current period of European Elections is opening opportunities to drive some adjustments and think out of the box. 📢 Luca de Meo gives an overview of the major challenges and mentions some concrete projects related to Affordable cars, Logistics, EV Infrastructure, Batteries recycling, Hydrogen and other topics. For more details, read the “Letter to Europe” here: https://lnkd.in/eBTE4Jg9

From breaking ground to receiving its first parts shipment, Hyundai Motor Group Metaplant America (HMGMA) has made exciting progress in less than a year. Hyundai welcomed the shipment at a ceremony with local partners like the Georgia Ports Authority in Savannah: https://bit.ly/3OLv1pZ. Slated to begin production in the first quarter of 2025, HMGMA is Hyundai's first state-of-the-art U.S. smart factory, and a notable piece of Georgia's mobility ecosystem. Curious why Hyundai chose Georgia? Learn more about Georgia's wide ecosystem of cutting-edge companies, robust supplier network, and other assets that are driving growth: https://bit.ly/44izBl9

It is astounding how long it took western OEMs & their battery partners to realize ubiquitous EV adoption will only happen with less expensive, safer cathode. I maintained several years ago that carbonate would be the lithium chemical most in demand through 2030. The logic was that LFP would be the best option for low & mid priced EVs. Albemarle Corporation was probably the leader in calling the future trend incorrectly. Just look at their corporate decks from a few years ago. Elon using LFP for Model 3s should have been enough of a signal. In any case, the future of brine assets has never looked better. Hydroxide is still needed but in a much more limited way than most western OEMs thought. Lithium chemical and cathode capacity plans will be modified to respond to economic reality soon.

Mercedes and Stellantis pause EU battery factories, may switch to #LFP cells (electrek.co) Not surprising really! With most OEMs doubling down on LFP in base models, the announced gigafactory capacity in Europe was looking far too NCM heavy. The vast majority of the announced capacity is yet to start construction, so in some ways it makes sense to reassess and pivot to LFP. But NOT TO PAUSE. There is no time to waste deciding if LFP is the way to go. Chinese brands are already flooding the market with high quality, affordable EVs. To support LFP cell plants we will also need LFP cathode production capacity in Europe, which is currently lacking. In the absence of LFP CAM production, Europe will have to rely on imports. So currently, the net impact on demand for lithium carbonate and lithium hydroxide in Europe is unchanged, hydroxide is still set to be the overwhelmingly dominant #lithium product in Europe. If more potential cell producers pivot to LFP, the CAM capacity will have to follow. Will we see touted lithium hydroxide refineries in Europe pivot to lithium carbonate production instead?

Mitsubishi investing 200m€ in Ampere 💰 🤝 Mitsubishi Motors Corporation is making a significant investment of up to 200 million euros in Ampere, Renault Group's new EV and software unit. This move is part of Mitsubishi's strategy to strengthen its presence in Europe after withdrawing from some countries, including the UK, a few years ago. 🚗 As a first step in this collaboration, Ampere will supply a Mitsubishi-branded EV for the European markets where Mitsubishi still operates. This initiative aims to enhance Mitsubishi's EV development technology and expand its EV range. 💲 The investment in Ampere is not only significant for Mitsubishi but also for Nissan Motor Corporation, as it has committed to investing up to 600€ million in Ampere as well. This investment will bring numerous synergies, including cost efficiencies, regulatory compliance, and a broader range of EV products and powertrains. 💚 This collaboration between Mitsubishi, Renault, and Nissan is part of a larger effort to strengthen the Alliance and maximize value creation for each member. It will also contribute to the electrification strategies of all three companies, driving the growth of EVs in Europe and other potential markets . 🔥 Exciting times ahead for the automotive industry as we witness the convergence of electric vehicles, software development, and strategic partnerships. Stay tuned for more updates on this exciting collaboration! #electricvehicles #investment #sustainability

Renault opens a new path for Sino-French automotive industry cooperation: … figure in the European automotive industry, French automaker Renault … efficient and energy-saving hybrid powertrain systems. It … and supply of advanced hybrid and efficient fuel powertrains … China. As the automotive energy structure undergoes revolutionary … #car #cars #awesome

Today, the European Commission proposed extending the rules of origin for batteries and electric vehicles traded between the #EU and #UK. Why is this good news?   Mercedes-Benz is committed to a fully electric and zero-emission future of mobility. Accordingly, we are investing tens of billion euros into new technologies. This also includes the decarbonization of our supply chain. Batteries for electric vehicles play a crucial role in this.   Together with ACC, for example, we will develop and efficiently produce battery cells and modules in Europe. With this partnership, among other things, we can also help to ensure that Europe remains at the heart of the auto industry – also in an electric era.   But of course, this will not happen overnight. It will take a few more years to realize this huge and complex industrial transformation.   Against this backdrop, we are happy that today the European Commission proposed the extension of the current rules until the end of 2026. We will make the best use of the time and work tirelessly to drive forward the transformation of our company.   Now we hope and expect that EU member states support the European Commission’s proposal.