GM venture picks Michigan for 3rd US-based EV battery plant apnews.com/article/techno…
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πŸ‘€︎ u/MicroSofty88
πŸ“…︎ Dec 11 2021
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GM venture picks Michigan for 3rd US-based EV battery plant apnews.com/article/techno…
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FREYR Battery and Aleees to Pursue LFP Cathode Manufacturing Joint Venture ir.freyrbattery.com/ir-ne…
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GM venture picks Michigan for 3rd US-based EV battery plant apnews.com/article/techno…
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πŸ‘€︎ u/Fangletron
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The listing is close to another big move? LG Energy is rumored to establish a battery joint venture with Honda in the United States

According to the South Korean media Maeil Business Newspaper, South Korean battery maker LG Energy Solution (LGES) is in discussions with Japan's Honda Motor Co. to establish a battery joint venture in the United States.

LGES plans to start trading on the Korean exchange on Jan. 27 and is expected to raise nearly $11 billion, making it the largest IPO ever in South Korea, LG Group Vice Chairman and LGES CEO Kwon Young-soo said at a bookkeeping meeting on Monday, adding that the company will soon announce a joint venture with a car company.

https://preview.redd.it/x8q8e8ocsnb81.png?width=1005&format=png&auto=webp&s=1a8b7aca79ab005eb8fcf5d167d80fbdbfd76ccc

Sources said the LGES-Honda battery joint venture could involve an investment of up to 4 trillion won ($3.4 billion) and a plant capacity of up to 40 gigawatt hours (GWh) to power 600,000 high-performance electric vehicles. However, details of the exact timeline, location and capacity have not yet been decided.

A rare alliance

If true, it would be a rare case of a Japanese-Korean company alliance. The current bilateral relationship between Japan and South Korea is still deteriorating over some historical issues, and the proposed partnership with Honda is surprising given the closed nature of Japanese companies.

But the deal is not without merit. One of the more obvious reasons is that the joint venture's plants are reportedly ready to support new Honda vehicles made in the U.S. starting in 2024, while the U.S.-Mexico-Canada Agreement (USMCA), which will come into effect in 2025, requires that 75 percent of auto parts be made in North America.

https://preview.redd.it/olnredhesnb81.jpg?width=800&format=pjpg&auto=webp&s=c8537eacb61f0a2a886c94d89a11dbd2568a68e1

In addition, Honda recently officially announced the launch of two large pure electric vehicles for the U.S. market in 2024, both of which will be equipped with GM's latest Ultium battery pack, which is manufactured by Ultium Cells, a joint venture between LGES and GM. This makes the relationship between these three companies in North America will become even closer.

Another reason is that Japanese battery makers have fallen behind in competition with Chinese and Korean companies across the board. According to market research firm SNE Research, Ningde Times' production capacity reached 67.1 gigawatt hours between January and November last year, up 237.6 percent year-on-year, accounting for 29 percent of the global ma

... keep reading on reddit ➑

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πŸ“…︎ Jan 14 2022
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GM to form new joint venture with POSCO Chemical aimed at key battery component finance.yahoo.com/news/gm…
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πŸ“…︎ Dec 01 2021
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FREYR Battery and Aleees to Pursue LFP Cathode Manufacturing Joint Venture - FREY FREY.WS businesswire.com/news/hom…
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Borg Warner is withdrawing from their joint venture with Nikola’s battery supplier Romeo Power twitter.com/InsiderNikola…
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Togg & Farasis launch battery joint venture 'Siro' electrive.com/2021/11/30/…
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πŸ“…︎ Dec 16 2021
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Stellantis, LG announce joint venture to produce EV batteries in North America detroitnews.com/story/bus…
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πŸ“…︎ Oct 18 2021
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Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America β€” 23 GWh annual production by 2025 stellantis.com/en/news/pr…
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πŸ“…︎ Oct 22 2021
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Belgium's Umicore plans battery material venture to supply Volkswagen investing.com/news/stock-…
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πŸ“…︎ Dec 08 2021
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GM venture to build North American battery chemical plant dailymail.co.uk/wires/ap/…
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πŸ“…︎ Dec 01 2021
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GM venture to build North American battery chemical plant dailymail.co.uk/wires/ap/…
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GM venture to build North American battery chemical plant dailymail.co.uk/wires/ap/…
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πŸ“…︎ Dec 01 2021
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$OZSC doing a Joint Venture with a large installation national company whose parent company wants to buy as much 'Battery Storage Development Projects' as they can
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FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States ir.freyrbattery.com/ir-ne…
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πŸ“…︎ Oct 12 2021
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Freyr Battery Announces Joint Venture with Koch Strategic Platforms to Develop Clean Battery Cell Manufacturing in the U.S.

#battery #production #manufacturing #venture #filingsearch

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πŸ“…︎ Oct 12 2021
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Daimler joins Stellantis as partner in European battery cell venture ACC europe.autonews.com/autom…
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πŸ“…︎ Sep 24 2021
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ADS-TEC Energy GmbH, a Leading Ultra-fast Battery Charging Company, Enters into Joint Venture with Polar Structure AB apnews.com/press-release/…
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FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States - FREY FREY.WS businesswire.com/news/hom…
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ADS-TEC Energy GmbH, a Leading Ultra-fast Battery Charging Company, Enters into Joint Venture with Polar Structure AB - EUSG EUSGW prnewswire.com/news-relea…
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STLA.N | Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America stocktitan.net/news/STLA.…
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Stellantis And Samsung SDI Announce Battery Joint Venture In NA insideevs.com/news/542441…
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Stellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North Americans crweworld.com/article/new…
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πŸ“…︎ Oct 18 2021
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BHP to supply nickel to Toyota-Panasonic battery venture | Reuters reuters.com/business/bhp-…
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πŸ“…︎ Oct 05 2021
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$FREY FREYR Announces Joint Venture with Koch Strategic Platforms to Advance Development of Clean Battery Cell Manufacturing in the United States businesswire.com/news/hom…
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πŸ“…︎ Oct 12 2021
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[Business] - LG to Launch Battery Joint Venture with Automaker Stellantis | Chosun Ilbo english.chosun.com/site/d…
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FLEX | Battery Startup Our Next Energy (ONE) Closes Series A Led by Breakthrough Energy Ventures stocktitan.net/news/FLEX/…
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πŸ“…︎ Oct 18 2021
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Porsche to set up joint venture with German battery maker reuters.com/business/auto…
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πŸ“…︎ Jun 20 2021
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