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LGES signs supply agreement with Ford to boost localised battery production
Oct 15, 2024 22:07
LG Energy Solution (LGES) has signed a major supply agreement with Ford Motor Company to provide 109 GWh of battery modules for Ford’s electric commercial vehicles in Europe, starting in 2026, with production taking place at LGES's Poland plant. In the US, LGES will produce batteries for Ford’s Mustang Mach-E at its Michigan plant from 2025. SMM believes that
LGES signs supply agreement with Ford to boost localised battery production
LG Energy Solution (LGES) has signed a major supply agreement with Ford Motor Company to provide 109 GWh of battery modules for Ford’s electric commercial vehicles in Europe, starting in 2026, with production taking place at LGES's Poland plant. In the US, LGES will produce batteries for Ford’s Mustang Mach-E at its Michigan plant from 2025. SMM believes that
Oct 15, 2024 22:07
NavInfo, BOE Varitronix form cooperation in smart cockpit, mobility solution fields
On October 11, NavInfo and BOE Varitronix Limited (BOE Varitronix) announced a strategic partnership under which the duo aims to accelerate advancements in automotive intelligence and smart mobility.
Oct 15, 2024 16:48
Changes in Sodium Battery Cell and Sodium Material Prices in September 2024Q3 Prices Continued to Decline [SMM Sodium Battery Analysis]
In September 2024, the last month of 2024Q3, the overall shipment and price of sodium batteries were relatively mediocre, falling short of previous market expectations. Financing for some enterprises stagnated, affecting the progress of sodium battery projects. Cathode and sodium battery cell enterprises were active, while the anode sector still showed no significant movement.
Oct 15, 2024 16:20
In September, the sodium battery industry's production remained stable with some increase, and the market is expected to improve in the fourth quarter [SMM Sodium Battery Analysis]
In September 2024, the sodium battery market performed lower-than-expected, with both shipments and prices appearing mediocre. Some enterprises faced financing difficulties, leading to a slowdown in the development of sodium battery projects. In contrast, cathode active materials and sodium battery cell enterprises were active, while the anode materials sector still lacked significant progress. Production side, the output of sodium cathode active materials and batteries showed a growth trend, while anode materials remained stable. In September, nearly twenty key projects were launched across various regions, with a total investment exceeding 13 billion yuan, an increase of about 30% compared to the previous month.
Oct 15, 2024 16:10
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