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Industry

Posco Future M, LG Energy Solution agree on 7-year supply of 720,000 tonnes, expand LFP and synthetic graphite

Posco Future M said it signed a future cooperation memorandum of understanding with LG Energy Solution to broaden cooperation on battery materials. The scope includes LFP cathode materials and synthetic graphite anode materials, as well as next-generation products such as ultra high-nickel cathodes, sodium-ion batteries and silicon anodes. Under the agreement, Posco Future M plans to supply a total of 720,000 tonnes of cathode and anode materials over seven years from 2027 to 2033.

Mobility

U.S. Energy Department launches BattMan next-generation battery accelerator program to strengthen EV supply chain

The U.S. Department of Energy has launched BattMan, a programme to support development and commercialisation of next-generation battery manufacturing technologies. The initiative aims to lower production costs and bridge laboratory innovations to factory output. The department said U.S. battery demand for transport and energy storage could rise to 707 GWh by 2035 from 179 GWh in 2025. Pacific Northwest National Laboratory leads the project with national labs and universities.

Industry

Warning for Europe’s auto industry as China’s EV sector surges

A warning has been raised that European policies meant to protect the auto industry could weaken competitiveness in electric vehicles. As China’s battery and EV sector grows rapidly, critics say loosening rules on internal combustion engines could delay Europe’s technology transition. T&E secretary-general William Todts criticised a Franco-German proposal that maintains a 2035 emissions cut target but would drop a separate offset requirement, allow exceptions for synthetic and biofuels and promote EU-made parts.