SEOUL : South Korean battery maker LG Energy Solution announced Friday it has signed a multi-year agreement with U.S. mineral provider Compass Minerals. Under the contract, the company would receive 40% of the Compass Minerals’ annual production of 11,000 metric tons of battery-grade lithium carbonate from 2025 to 2030. LG Energy Solution said the price […]
Peru targets local lithium battery production, official says – EQ Mag Pro
LIMA : Peru wants to produce lithium batteries domestically, a government official said on Wednesday, joining other Latin American nations with lofty ambitions to industrialize their resources of the ultralight metal needed to power electric vehicles. “We are already starting to act to see if we can develop a battery industry,” said Jaime Chavez, Peru’s […]
KiloVault Unveils 4th Generation HAB Deep-Cycle Lithium Battery – EQ Mag Pro
KiloVault®, a provider of innovative and affordable residential and commercial renewable energy solutions, today unveiled the fourth iteration of their HAB(™) series of wall-mount energy storage systems. The HAB(™) V4 provides the same powerful 7.5 kilowatt-hours of storage, safety, and expandability of its predecessors, with some key improvements. “This iteration of the HAB, being certified […]
Construction Begins For Spain’s First Major Production Base For Lithium Battery Cells
Various energy news websites have reported that construction started in June for Spain’s first GW-scale production base for lithium battery cells. The base is located in Noblejas, a municipality in the province of Toledo and within the autonomous region of Castilla-La Mancha. The main developer of this project is Phi4Tech, a company specializing in graphene-related […]
Pakistan invites Chinese companies to set up solar panels, lithium battery manufacturing units
Pakistan has invited Chinese companies to take advantage of incentives offered by government for investment and set up solar panels and lithium battery manufacturing units in the country. The offer was made by Minister for Science and Technology, Fawad Hussain Chaudhry at a meeting with CEO of MERA PC Solutions in Beijing. The Minister said […]
Electric vehicles’ lithium-battery policy to incentivise recycling entities
Govt will impose a liability on producers to collect used batteries that reach end of life. NEW DELHI: India is in the process of framing a recycling policy for lithium-ion batteries being used in electric vehicles and offer tax sops to recycling entities while imposing a liability on producers to collect used batteries that achieve […]
India Pushes Development of Indigenous Lithium Battery
To intensify the promotion of green energy, the Indian government will subsidize the local productions of lithium batteries at an annual scale of 50 GW, which will cost around 7 billion rupees. The plan aims to supply the needs of electric cars, mobile phones, and other consumer electronics products in the country. An open international […]
Self-repairing batteries could soon become a reality
Engineers at the University of Tokyo have developed a material which could give more life and higher capacities to batteries. The study was published in the journal Nature Communications. Atsuo Yamada and his team demonstrated that if the battery is made with a model material – oxygen redox-layered oxide (Na2RuO3) – something remarkable happens. Not […]
SES Will Pioneer Mass Production of Lithium Battery in 2019
Lithium battery will become mainstream technology on the global battery market in 2020, prevailing over lithium-ion battery, according to Hu Qichao, founder and CEO of SES. Hu reported that SES will start production of lithium battery in Q3 2019, at output of 5,000 batteries a month initially before doubling the amount later on and tapping […]
Global X Lithium & Battery Tech ETF: Why This ETF Is A Buy-And-Hold
Summary The Global X Lithium & Battery Tech Fund (LIT) focuses on the promising lithium-ion battery market. The demand for lithium is heavily influenced by the demand for electric vehicles, with both set to rise sharply over the next two decades. LIT focuses on the US, where the EV market is expected to increase 30+-fold […]