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SK Innovation Co.,Ltd.

p a joint venture, but Nissan had delayed plans to begin BEV production in the U.S. out of its plant in Canton, Mississippi, since the segment has cooled. Nissan’s BEVs are currently powered by batteries made by AESC Group, making them ineligible for U.S. subsidies under Inflation Reduction Act (IRA). (multiple sources on January 24, 2025) SK On Co., Ltd. (SK On) announced that it completed a merger with SK Enterm Co., Ltd. as of February 1, 2...

Major Suppliers Updated at: 2025/09/30

Panasonic Holdings Corporation (Formerly Panasonic Corporation)

target of more than ¥3 trillion in the fiscal year ending March 2031. (Detailed news) Panasonic Holdings to maintain double-digit ROIC in in-vehicle battery business for EVs-Regarding the in-vehicle battery business for electric vehicles (EV), which takes into account subsidies granted under the IRA (Inflation Reduction Act) in the U.S., Panasonic Holdings Corporation’s Group CEO, Yuki Kusumi, has indicated the company's plans to maintain a ...

Major Suppliers Updated at: 2025/08/13

TI Automotive Limited (Formerly TI Fluid Systems Plc. )

ant for Innovation for Czech Republic plant TI Fluid Systems launches new lightweight Thermoplastic Refrigerant Lines for EVs TI Fluid Systems to expand with new E-Mobility Innovation Center in Auburn Hills, Michigan TI Fluid Systems supports North American customers with Inflation Reduction Act (IRA)-compliant battery production TI Fluid Systems’ Tangier plant in Morocco acquires Ford Q1 certification TI Fluid Systems to open new e-Mobility ...

Major Suppliers Updated at: 2025/07/31

LG Chem Ltd.

y Solution’s stand-alone plant in Arizona, and delivered to Rivian’s facility in Normal, Illinois, for use in the R2 model for the North American market. The supply agreement with Rivian is expected to further strengthen LG Energy Solution’s presence in the U.S. market, as it responds to the IRA initiative while expanding into new markets. (LG Energy Solution release on November 8, 2024) Wins order from Mercedes-Benz affiliate for EV batte...

Major Suppliers Updated at: 2025/07/29

CATL (Contemporary Amperex Technology Co., Ltd.)

Kentucky would be part of an expansion for CATL beyond China and serve OEM customers including Ford and BMW, people familiar with the process have said. But CATL has slowed the process of vetting sites for potential new plants since late August when the U.S. passed the new Inflation Reduction Act (IRA), imposing tough restrictions on the sourcing of material used in EV batteries. The IRA requires automakers to have 50% of critical minerals used ...

Major Suppliers Updated at: 2025/05/19

Gotion High-tech Co., Ltd.

V batteries. Production capacity has not yet been disclosed. The company is also building a USD 2 billion factory in the nearby state of Illinois, where operations are slated to commence in 2024. The company is expanding its US operations to satisfy the provisions of the US Inflation Reduction Act (IRA). Consumers can receive tax incentives if 50% or more of the vehicle’s battery components are manufactured and assembled in North America. (Mult...

Major Suppliers Updated at: 2024/07/19