Gotion High-tech Co., Ltd. (Gotion High-Tech) announced that the State-owned Assets Supervision and Administration Commission of the Hefei Municipal People's Government (Hefei SASAC) has approved the proposed transfer of a 5.30% stake in the company held by Volkswagen (China) Investment Co., Ltd. (VCIC) to Hefei Cons
The cabinet of India’s Andhra Pradesh state approved an investment plan on November 10 for a battery materials plant by Carbon Cosmo Advanced Materials, a joint venture between South Korea’s Cosmo Advanced Materials & Technology and India’s Carbon Resources. According to Indian media reports, the company plans to inv
On November 10, EGI Battery, a US-owned lithium-ion battery cell company, announced the establishment of EGI Battery KK, its Japanese subsidiary, and the official opening of its Japan Technical Center in Yokohama.
The center will initially focus on conducting research & development, evaluating advanced battery mater
Resonac Holdings Corporation announced on November 12 that its consolidated subsidiary, Resonac Corporation, had decided to withdraw from the anode material business for lithium-ion batteries. The withdrawal was approved by the board of directors that day, with production scheduled to end in December 2027.
The busine
South Korea’s Solus Advanced Materials said major construction work is nearing completion at a battery copper foil plant being built by its Canadian subsidiary Volta Energy Solutions Canada (VESC) in Granby, Quebec. Installation of production equipment is under way.
The company plans to begin trial runs on individual
South Korean cathode materials maker EcoPro BM disclosed a plan to subscribe to a capital increase by its Indonesian investment subsidiary PT ECOPRO BNSI INVESTMENT, investing USD 462.6 million. Its ownership stake is expected to reach 99.9% after the transaction.
The investment is intended to support the acquisition
The Ministry of Industry and Information Technology (MIIT) announced on its official website on November 5 that it had drafted the Interim Provisions on the Management of Digital Identities for New Energy Vehicle Power Batteries (Draft for Comments) (hereinafter referred to as the Provisions) to strengthen oversight
On November 10, Evolute announced plans to introduce a new traction battery for the i-SPACE plug-in hybrid crossover, which is developed by Autonomous Energy Systems (SAE), part of the Itelma Group. The battery uses prismatic lithium iron phosphate (LFP) cells, which offer improved fire safety and a longer service li
South Korea’s LS MnM has completed a battery materials plant at its Onsan smelter in Ulju County, Ulsan. The integrated facility can process both mixed hydroxide precipitate (MHP) as a primary feedstock and black mass as a recycled feedstock.
The plant has annual nickel sulfate production capacity of 24,000 metric to
South Korea’s LG Energy Solution announced that its Re.Pulse diagnostic solution for used batteries has been named a CES 2027 Innovation Awards honoree in the Vehicle Tech & Advanced Mobility category. The software-based solution applies current pulses to a battery and analyzes the resulting voltage changes with a pr
On November 6, BAIC Foton Motor Co., Ltd (Foton Motor) announced that it had officially unveiled its comprehensive ultra-fast charging ecosystem strategy at a launch event in Beijing, which also marked the global debut of the 8C supercharging Aumark Z light-duty truck and megawatt-class supercharging heavy-duty truck
South Korean battery materials company FINO disclosed that its wholly owned Singaporean subsidiary FINO NEW ENERGY plans to acquire stakes in two companies linked to Indonesian nickel businesses. The planned acquisitions total KRW 61.86 billion.
FINO NEW ENERGY will invest KRW 26.85 billion in PT Cakrawala Barokah En
On November 9, BMW announced it has now contracted additional cell suppliers for its sixth-generation (Gen6) high-voltage batteries, with Samsung SDI in Europe and LG Energy Solution in the U.S. from their respective regional plants from the late 2020s onwards.
Employing its “local for local” principle, the BMW Group
On November 3, the Liaoning Provincial People’s Government announced that a signing ceremony for the BYD Battery Circular Economy Industrial Park Project and the Liaoning Zhongrunhui New Materials Technology Industrial Park (Phase I) Project had recently been held in Bayuquan District, Yingkou, Liaoning Province.
Bay
South Korean battery materials manufacturer FINO has decided on a private placement of approximately KRW 183 billion to fund production facilities and investments in overseas battery materials companies.
It plans to allocate approximately KRW 119.9 billion to production facilities at C&P New Material Technology's pla
South Korea’s EcoPro BM plans to increase production at its Hungarian cathode materials plant to about 30,000 tons in 2027 and establish full-scale operations from 2028.
The company is in final negotiations with a global automaker on a cathode materials supply contract worth several trillion KRW. It has also signed a
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