Another battery company goes out to sea! Yiwei LiNeng plans to buy land to build a power battery factory in Hungary] Yiwei LiNeng notice that the company recently signed a letter of intent with a subsidiary of the Hungarian Debrecen government, and the company or its subsidiary entities (later designated) intend to purchase the target property from the seller and set up a power battery manufacturing plant in Hungary in accordance with the terms and conditions stipulated in this letter of intent.
[the limit of non-ferrous nickel rises to an all-time high and capacity is expected to be released on a large scale within five years.] on January 20, Shanghai Nickel strongly broke the $24000 / ton mark, the first time in more than a decade and reached an all-time high. LME nickel has also hit a 10-year high, with LME nickel prices up nearly 17% again in less than three weeks so far this year. Industry insiders say that high nickel and iron lithium are the two main directions of electric vehicles in the future. The main models of mainstream car companies in the international market are high-nickel routes. As the cost advantage of upstream raw materials of high nickel ternary battery over lithium carbonate is gradually highlighted, and the production capacity of overseas nickel and cobalt will be gradually recovered.
[Indonesia says it will invest US $1.2 billion in a battery factory jointly with LG] according to foreign media reports, Indonesian battery company (IBC) and a consortium led by South Korea s LG Group will soon begin to build an electric vehicle battery factory with an investment of US $1.2 billion, according to foreign media reports. The consortium consists of LG Energy Solutions of the LG Group, LG Chemical and LG International, South Korean steelmaker Posco and Chinese cobalt producer Huayou Holdings.
The content below was translated by Tencent automatically for reference.
According to foreign media reports, the Indonesian Minister of Investment said that Indonesian battery company (IBC) and a consortium led by South Korea s LG Group will soon begin to build an electric vehicle battery factory with an investment of 1.2 billion US dollars. The consortium consists of LG Energy Solutions of the LG Group, LG Chemical and LG International, South Korean steelmaker Posco and Chinese co
Posted : 2021-05-25 10:51
gettyimagesbank
A consortium led by the South Korean conglomerate LG will build a battery factory in Indonesia to supply parts for Korean automaker Hyundai Motor Co. s electric vehicles, according to industry sources Tuesday.
The LG consortium consists of three LG subsidiaries, including LG Chem Ltd., battery arm LG Energy Solution Ltd. and trading unit LG International Corp., as well as Korean steelmaker POSCO and Chinese cobalt company Huayou Holdings, sources familiar with the matter said.
The consortium is expected to announce more details as early as next week, the sources said. LG Energy didn t comment on the project.