Tag:

EV battery

Exide Inks EV Battery Production Deal with Hyundai Motor and Kia

Hyundai Motor and Kia have inked a deal with India’s Exide Energy Solutions aimed at expanding their presence in the global electric vehicle (EV)...

LG Chem Secures $18.6 bn Deal with General Motors for EV Battery Cathodes

LG Chem, a top petrochemicals company, has announced an agreement with General Motors to supply electric vehicle (EV) battery cathodes. The deal, valued at 24.7...

Lithium Battery Market Faces Challenges as Prices Decline in January

TrendForce’s latest research report revealed that the global lithium battery market experienced a subdued performance in January. Cell manufacturers continue to grapple with high inventories,...

Northvolt Secures Record $5 bn Green Loan for Expansion of Swedish Battery Factory

Stockholm-based lithium-ion battery producer Northvolt has raised $5 billion, marking the largest green loan in Europe. This substantial funding is earmarked for the expansion...

EV Battery Price Drops in December, Affecting Cell Demands

The Average Selling Price (ASP) of Chinese EV cells registered a notable decrease of 6–10 percent in December, 2023, according to TrendForce. EV square ternary...

South Korea Unveils $29 bn Plan to Fortify Battery Industry Amid Global Competition

In a bid to bolster its position in the fiercely competitive battery market, South Korea has announced a substantial financing initiative of 38 trillion...

Chinese Battery Giant CATL Counters U.S. Firm Duke Energy’s Allegations of Security Threats

CATL, a leading Chinese battery manufacturer, has vehemently refuted allegations made by U.S. utility firm Duke Energy regarding security concerns related to its batteries....

Battery Industry Faces Cooling Demand, Price Declines, and Capacity Reductions

TrendForce’s recent analysis sheds light on the battery industry’s current challenges, revealing a notable decline in operating rates throughout November. This downturn stems from...