Tag: battery

Australia Approves Huge $560 Million Cobalt Mine To Boost Battery Industry

Australia has given the green light for a massive $560 million (US$410 million) cobalt mining project, aligning with the nation’s plan to become a global battery powerhouse amid an increasingly battery-dependent world. It also comes amid reports that current cobalt supplies are being sourced from the Democratic Republic of the Congo in deadly conditions using…


Panasonic to Begin Mass Producing New Tesla Battery by End-March 2024

TOKYO—Panasonic Corp. said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc. before the end of March 2024 at a plant in Japan. Unveiled by the Japanese company in October, the 4680 format (46 millimetres wide and 80 millimetres tall) battery is around five times bigger than those currently…


Australian Billionaire Unveils Biggest Renewables Hub in Southern Hemisphere

Mining billionaire Andrew Forrest continues to make good on his commitment to transform Australia into a world-class green energy titan, with the announcement of what could become the southern hemisphere’s largest solar, wind, and battery hub. Forrest-owned Squadron Energy Orders has issued contracts to immediately start construction for the $3 billion (US$2.2 billion) Clarke Creek…


Australia’s Biggest Coal-Fired Power Station to Close 7 Years Early, Big Battery Announced

Origin Energy has announced plans to shut down Australia’s biggest coal-fired power station in 2025—seven years earlier than originally scheduled—with plans for the southern hemisphere’s biggest battery to make up part of the loss. Coal powers more than two thirds of the state of New South Wales’ (NSW) energy demand, with the Eraring coal plant…


GM to Restart Chevy Bolt Factory After Battery Fire Recalls

DETROIT—General Motors says it will start making Chevrolet Bolt electric vehicles again in early April after an eight-month pause due to a series of battery fire recalls. The automaker says Tuesday that battery supplier LG Energy Solution is now making enough to supply replacement modules for the recalls as well as to resume production. The…


EV Battery Giant LG Energy Solution Sees Demand Rising as Chip Shortage Eases

SEOUL—Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8 percent in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm, which accounts for a fifth of the global EV…


LG Energy Solution, GM to Build $2.1 Billion Battery Factory in US

SEOUL—South Korea’s LG Energy Solution (LGES) plans to spend $2.1 billion with General Motors to build a U.S. electric vehicle (EV) battery plant, parent firm LG Chem said on Tuesday. LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture, for what will be their third joint…


Australia Steps Towards Its Biggest, Billion-Dollar Renewable Energy Hub

Australia will see its portfolio of solar, wind, and battery resources grow dramatically upon the completion of a new billion-dollar energy hub in South Australia (SA)—slated to be the biggest in the nation—starting initially with its wind farm component. Two hours north of Adelaide, the state’s capital, the Goyder Renewables Zone, has commenced early works…


Tesla Inks Deal to Get Key Battery Component Outside China

LONDON—Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite. Elon Musk’s company signed an agreement last month with Australia’s Syrah Resources, which operates one of the world’s largest graphite mines in the southern…


Startup ONE Says Battery Prototype Delivered 750-Mile Range

DETROIT—Our Next Energy (ONE), a two-year-old Michigan startup, said on Wednesday it had tested a prototype of its new battery in a Tesla Model S, driving 752 miles before recharging. ONE aims to begin producing battery packs that will deliver similar range—about double that of most existing electric vehicles—by late 2023, according to Mujeeb Ijaz,…