Battery-News

Author name: Cornelius Karow

Toyota plans Battery Factory for Lexus Electric Cars

Toyota Motor is planning to build a battery factory for electric vehicles in Japan’s Fukuoka Prefecture, according to a report in the Nikkei Business Daily. The batteries would be supplied to a plant that makes vehicles under the company’s Lexus brand.  Toyota intends to make Kyushu Island, where Fukuoka is located, a central part of its battery supply chain. At the same time, Kyushu will serve as an export base for the Asian region. The plant would likely be operated by Primearth EV Energy. This is a subsidiary of Toyota that specializes in battery production. Exact investment costs and the start of construction of the plant have not yet been determined, according to Nikkei. The newspaper obtained information about the project from unnamed sources. Toyota itself has not yet commented on the report. Source:https://www.reuters.com/business/autos-transportation/toyota-motor-build-ev-battery-plant-fukuoka-nikkei-says-2024-07-26/

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Addionics Raises $39 Million for 3D Battery Anodes

Battery technology developer Addionics has closed a $39 million Series B funding round. The round was co-led by GM Ventures and Deep Insight, with participation from Scania and other investors. Addionics intends to use the investment to expand its manufacturing and commercialization activities and accelerate the construction of its planned Gigafactory in the US. 3D Anodes to Make Battery Production Cheaper Addionics is working on 3D anodes, which the company says will offer advantages in battery production and performance. The technology should allow for better heat dissipation in the electrodes, which could lead to faster charging times, higher energy density and more stable batteries. This technology is largely independent of the battery chemistry used. The 3D current collectors are designed as a drop-in solution and should be seamlessly integrated into existing production processes. Earlier this year, the battery developer announced the construction of a $400 million factory in the U.S. to manufacture its 3D copper anodes. The plant is expected to be operational in 2027 and produce anodes for approximately 90 gigawatt-hours of battery capacity per year. By the end of 2024, the company plans to begin supplying prototype battery cells to automakers for testing. The company aims to supply products on a large scale by 2027 or 2028. Sources:https://www.prnewswire.com/news-releases/led-by-gm-ventures-addionics-raises-39-million-series-b-to-drive-cost-efficient-ev-battery-innovation-302206446.htmlhttps://www.reuters.com/business/autos-transportation/gm-co-leads-39-mln-funding-ev-battery-materials-startup-addionics-2024-07-25/

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LGES to Produce Low-Cost LFP Cells for Europe

South Korea’s LG Energy Solution is negotiating with three unnamed Chinese suppliers to produce low-cost electric vehicle batteries for the European market. This is according to a report by the news agency Reuters. The move comes amid heightened competition after the EU imposed additional tariffs on electric vehicles made in China. Different Approaches Under Consideration LGES wants to use the potential partnerships to reduce the production costs of LFP batteries in order to keep up with its cheaper Chinese competitors. To this end, the company is in talks with Chinese partners to jointly develop and produce LFP cathodes for the European market. LGES is considering a number of options, including joint ventures and long-term supply agreements. The aim is to reduce production costs for LFP batteries to the level of Chinese competitors within three years. According to Wonjoon Suh, head of LGES’ advanced automotive battery division, three locations are being considered for LFP cathode production in cooperation with Chinese companies: Morocco, Finland and Indonesia. The focus is on the European market, where the demand for low-cost EV models and therefore for LFP cells is particularly high. Source:https://www.reuters.com/technology/lg-energy-solution-talks-with-chinese-firms-make-low-cost-ev-batteries-europe-2024-07-24/

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CATL Luoyang Plant Starts Production

Chinese battery manufacturer CATL has started production at the first phase of its plant in Luoyang, Central China. The first Qilin battery has been assembled at the plant. Construction of the Luoyang plant began on September 28, 2022. The completed plant will cover a planned area of 113 hectares and involve a total investment of up to 14 billion yuan (approximately $1.9 billion). The Luoyang plant is one of thirteen production facilities operated by CATL worldwide. In May this year, construction began on the plant’s second expansion phase to further increase battery capacity. Technical Details of the Qilin Battery The new Qilin battery was first introduced in June 2022 and utilizes CATL’s third-generation cell-to-pack technology. According to the company, the battery achieves a volumetric utilization rate of up to 72 percent and an energy density of up to 255 Wh/kg. This should enable vehicle ranges of more than 1,000 kilometers. In addition, the Qilin battery features large-area cell cooling technology, which enables fast charging at 4C. Sources:https://autonews.gasgoo.com/new_energy/70034013.htmlhttps://m.energytrend.com/news/20240722-47945.html

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