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Stellantis and CATL on Tuesday announced plans to invest as much as €4.1 billion ($4.3 billion) to build a battery factory in Zaragoza, Spain. While the project is a boon to the European EV supply chain efforts, it likely wouldn’t be realized without the Chinese partner’s technology.
WASHINGTON, D.C. — Today, two years after President Biden signed the Bipartisan Infrastructure Law, the U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.
REUTERS/Carlos Barria/File photo By David Shepardson WASHINGTON (Reuters) - The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China.
But most automakers are now looking to Asian partners for cells after struggling to make them themselves or losing faith in European suppliers. The Stellantis-CATL project in Spain will rely on the Chinese partner’s expertise with lithium iron phosphate, or LFP cells, which are cheaper than the technology backed by most European manufacturers.
But despite the wave of investment, the U.S. lacks a homegrown battery manufacturer like Europe has in Northvolt. That might turn out to be no problem at all given the U.S.’s strong relations with Japan, home to Panasonic, and South Korea, home to LG Energy Solution, SK On and Samsung SDI. Still, the States’ lack of a domestic anchor is notable.
Eleven out of 16 planned European-led battery factories have been delayed or canceled, according to a Bloomberg News analysis. Meanwhile, 10 of 13 projects in the region by Asian manufacturers such as China’s Contemporary Amperex Technology Co. and South Korea’s Samsung SDI are on track.
SMM2 15: today, Nanshan Aluminum announced that The total amount of investment planned by the company is RMB 5685393000.00 to increase the capital of …
3 · Diversified mining company Rio Tinto has approved a $2.5-billion investment to expand the Rincon project, in Argentina – the company''s first commercial scale lithium operation – …
FILE - Iron workers construct the framework of a $4 billion Panasonic EV battery plant, May 18, 2023, near DeSoto, Kan. The Energy Department is making a push to strengthen the U.S. …
Swedish battery startup Northvolt secured a $5 billion debt deal earlier this week, paving the way for the expansion of its first gigafactory as Europe seeks to solidify its home-grown...
6 · Stellantis and CATL on Tuesday announced plans to invest as much as €4.1 billion ($4.3 billion) to build a battery factory in Zaragoza, Spain. While the project is a boon to the …
6 · Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe''s largest electric vehicle battery factories in Spain, encouraged by lower …
Novelis Inc. plans to build a $2.5 billion low-carbon aluminum recycling and rolling plant in the US to cater to the growing demand for beverage can sheets and the …
The awards fund battery-grade processed critical minerals, components, battery manufacturing, and recycling, and will generate $16 billion in total investment for the projects …
4 · LONDON--(BUSINESS WIRE)-- Rio Tinto has approved $2.5 billion 1 to expand the Rincon project in Argentina, the company''s first commercial scale lithium operation, …
13 · The project is expected to produce 53,000 mt of battery-grade lithium carbonate annually over its 40-year life cycle, with the potential to expand to 60,000 mt. According to the …
As part of President Biden''s Investing in America agenda, the funding will create new, retrofitted, and expanded domestic facilities for battery-grade processed critical minerals, battery precursor materials, battery …
Swedish battery startup Northvolt secured a $5 billion debt deal earlier this week, paving the way for the expansion of its first gigafactory as Europe seeks to solidify its …
3 · Rio Tinto to invest $2.5 billion to expand Rincon lithium project ... The capacity of 60,000 tonnes of battery-grade lithium carbonate per year includes a 3,000-tonne starter plant …
BYD plans to invest 28.5 billion yuan (4.1 billion euros) in a battery factory and mining project in Yichun in China''s Jiangxi province. This is provided for in a framework …
As part of President Biden''s Investing in America agenda, the funding will create new, retrofitted, and expanded domestic facilities for battery-grade processed critical …
On November 5, China Energy Engineering Corporation Limited announced a total investment of 13 billion yuan in the new square aluminum shell lithium iron phosphate …
11 May 2022. Facility will support strong demand for aluminum beverage packaging and automotive solutions . Atlanta: Novelis Inc., the leading sustainable aluminum solutions …
2 · The British-Australian mining group Rio Tinto is investing $2.5 billion in expanding its Rincon project in Argentina. The Rincon mine will supply up to 60,000 tonnes of battery-grade …
In November 2022, the groundbreaking ceremony for the ultra-thin and power battery aluminum foil project with an annual output of 30,000 tons of Guizhou Guilu Aluminum …
The total investment of the project does not exceed RMB 10.5 billion. According to the announcement, Time SAIC is a joint venture between CATL and SAIC Investment …
Hindalco''s Novelis Unveils $2.5 Billion Investment in Low-Carbon Aluminum Rolling Plant Project 08 Jun 2023 Novelis, a global pioneer in aluminum rolling and recycling …
TERRE HAUTE, Ind. (March 22, 2023) ENTEK CEO Larry Keith and ENTEK Manufacturing President Kim Medford with Indiana state officials. ENTEK, the only US-owned and US-based …