Search results for LFP
Industry
Posco Future M breaks ground on dedicated LFP cathode plant
Posco Future M has broken ground on a dedicated LFP (lithium iron phosphate) cathode materials plant, stepping up its push into materials for energy storage systems and electric vehicles. Its joint venture with Pino and CNGR began construction after holding a safety ceremony in Pohang on May 28. The plant targets mass production in 2027 and plans to expand capacity in stages to as much as 50,000 tonnes a year.
AI & Enterprise
National Growth Fund bets 800 billion won on FuriosaAI, backs SK Bioscience too
South Korea\'s National Growth Fund will support domestic AI chipmaker FuriosaAI to expand mass production and develop next-generation chips, while also providing funding to Smilegate for an AI data centre project and to SK Bioscience for vaccine development and plant expansion. The Financial Services Commission approved five projects worth 4.14 trillion won, raising the fund\'s cumulative approvals to 12.5 trillion won across 16 projects. Support also includes loans for L&F Plus and funding for switchboard maker Geunu.
Industry
LG Energy Solution signs $1.6 billion ESS supply deal with DTE Energy
LG Energy Solution said on May 28 it signed a $1.6 billion energy storage system supply contract with U.S. utility DTE Energy. Total supply volume is 6 GWh and deliveries will run for about two years. DTE Energy, Michigan’s largest power utility, plans to use the ESS for eight grid projects, including an Oracle AI data center in Salem Township. LG Energy Solution said production will center on its Holland, Michigan plant.
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Industry
Ganfeng starts initial production of 500 Wh/kg solid-state lithium metal battery
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Autos & Transportation
Tesla cuts Model 3 acceleration spec again in Canada, 0 to 100 km/h now 6.2 seconds
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Industry
Swappable vs integrated: Humanoid battery standards race intensifies
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Industry
L&F completes LFP-dedicated subsidiary plant, mass production to start in Q3
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Industry
BYD overtakes Tesla to top global BESS market in 2025
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Industry
K battery makers see end of chasm tunnel, profitability within reach in Q2
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Industry
L&F posts 118.9 billion won Q1 operating profit, returns to profit
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Industry
LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red
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Industry
China develops all-iron flow battery electrolyte, claims 6,000 cycles and up to 80 times lower material cost
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Industry
Top Material to supply LFP production line to Turkish battery company
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Mobility
Ford CEO says Ford to launch affordable EV to rival Tesla Model 3, Model Y
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Industry
POSCO Future M sets up ESG committee to advance governance
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Industry
Samsung SDI, L&F sign supply deal for China-free LFP cathode materials for U.S. ESS market
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Industry
LG Energy Solution converts Tennessee plant to ESS production
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Industry
Tesla signs $4.3 billion battery purchase deal with LG Energy Solution for ESS