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Toyota purchased 15.5 billion battery cathode materials

News & EventsBy panfon2023-10-14

LG Chem recently signed a long-term supply contract with Toyota Motor North America for the supply of secondary battery cathode materials, which is expected to amount to KRW 2.86 trillion by 2030. According to industry analysis, the supply scale can produce 600,000 to 700,000 electric vehicles       An annual supply for 20GWh of…

Chinese firm leads bid for Ford Motor’s German plant

News & EventsBy panfon2023-06-07

While the acquisition of the Ford plant offers an opportunity to approach a mature automotive supply chain, BYD sees advantages in setting up new facilities of EV outside Germany as well. BYD is also looking for alternative locations for factories in France and Spain.     U.S. automaker Ford Motor is close to a deal…

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