‣ LFP batteries might make a dent in the viability of battery recycling businesses, as the main advantage of LFP lies in what it lacks - nickel and cobalt. Yet these two are profitable to recover for recyclers. Our friends at the Intercalation Station newsletter dive deeper into this here (link).
‣ Ford and SK Innovation signed an MoU to create a $5.3B joint venture called BlueOvalSK to produce 60 GWh in battery capacity in the US with the potential to expand. The 60 GWh plant is an important piece of the puzzle in Ford's plans of supplying batteries to the expected demand of 140GWh in North America by 2030. (link)
‣ BMW started its battery production or iX and i4 at its Dingolfing Competence Centre for E-Drive Production where the cells are assembled into modules and packs. Beforehand, the cells are painted in the Regensburg plant after being manufactured by CATL and Samsung SDI (link).
‣ Another project to track responsibly produced cobalt from the mine to the EV is underway, as the battery material supplier Umicore, GMOC metals and mining companies, Eurasian Resources Group and Glencore test a blockchain solution Re|Source (link). I'm planning a deeper dive on the 'Global Battery Passport' topic, stay tuned.
‣ InoBat, the Slovakian battery maker, and Rio Tinto are building a value chain to cover the entire life cycle from raw materials to the recycling of lithium (link). If Rio Tinto decides to build out the 55,000-ton lithium plant in Belgrade, Serbia, that is.
‣ LG Energy Solution is likely building a $1.2B battery factory in Bekasi, near Jakarta in Indonesia. The 10GWh plant will be built together with the state-owned Indonesia Battery Corporation (IBC). Some of these batteries produced will end up in Hyundai's EVs (link)Connection - CATL has its eyes on Indonesia as well with a $5B potential investment.
‣ Farasis and Geely are establishing a joint venture (35% and 65%) for the research and development as well as production and sale of lithium-ion batteries for electric vehicles and other applications. This is to meet 80% of Geely Technologies and its subsidiaries' battery needs (link). Connections -> Farasis already has a strategic partnership with Daimler, and Geely owns a bit under 10% of Daimler. I do love me a battery triangle.
‣ Solid Power presented details on its solid-state battery platform and transitions its silicon cells to pilot line (link). Connections -> BMW and Ford look to source some of their solid-state batteries from Solid Power.
‣ The average kWh price for used batteries is higher than for new batteries - Circular Energy Storage tries to answer why (link).