More than two years ago, on the outskirts of a medieval German town, China's biggest EV battery company placed a EUR1.8 billion (US$2 billion) bet on the future of global trade.
LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China's Zhejiang...
According to Reuters and Yonhap, South Korea's LG Energy Solution announced on April 21, 2025, that it has formally withdrawn from a major US$8.45 billion electric...
Chinese battery manufacturer Sunwoda, an Apple product supplier, is set to increase its investment in Bac Giang, Vietnam. According to The Investor, environmental assessment...
CATL, the world's largest electric vehicle (EV) battery manufacturer, has agreed to invest up to CNY2.5 billion (approx. US$345.5 million) in collaboration with NIO to expand China's...
Thailand has approved a more than US$1 billion investment by Sunwoda Electronic to build an electric vehicle (EV) battery plant in the country, marking Sunwoda as the first EV battery...
Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed...
The global electric vehicle (EV) market is experiencing a slowdown, with the projected annual growth rate for 2025 falling behind that of 2024. While market performance varies regionally,...
CATL and Stellantis have entered a joint venture to establish a EUR4.038 billion (approx. US$4.25 billion) battery plant in Zaragoza, Spain, with each party holding a 50% stake. As...
Global EV battery demand outside China increased by 12.7% from January to October 2024. South Korea's top battery makers—LG Energy Solution (LGES), SK On, and Samsung SDI—recorded...
Power management IC (PMIC) specialist Silergy has seen growth in the third quarter of 2024 compared to last year, which chairman Wei Chen attributes to the end of inventory adjustments...
LG Energy Solution (LGES) has reportedly secured a major contract to supply Mercedes-Benz with next-generation 4680 cylindrical batteries for electric vehicles (EVs), starting in...
Hyundai Motor has unveiled its battery self-production plan, marking a significant step into in-house electric vehicle (EV) battery manufacturing. With several automakers, including...
Lithium-ion (Li-ion) batteries for use in electric vehicles (EV) are regarded as the second most important strategic industry in many countries, after semiconductors. Manufacturers...
South Korea's SK On is gearing up to power Japan's Nissan in a groundbreaking Electric Vehicle (EV) battery supply collaboration. This strategic alliance aims to bolster Nissan's...
