ZEISS to Build New Facility in Detroit Metro Area 2018 12 24

ZEISS to Build New Facility in Detroit Metro Area | 2018-12-24

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ZEISS to Build New Facility in Detroit Metro Area | 2018-12-24 | Quality Magazine














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S Koreas SK Innovation to build its first EV battery plant in US Auto News ET Auto

S Korea’s SK Innovation to build its first EV battery plant in US, Auto News, ET Auto

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S Korea's SK Innovation to build its first EV battery plant in US SEOUL: South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market.

The plant will have an annual capacity of 9.8 gigawatt-hours of batteries. SK Innovation will begin construction in the southeast US state of Georgia in early 2019, with production targeted for 2022, the company said in a statement.

Last month, SK Innovation said it was considering building an EV battery plant in the United States to win customers in one of the world’s top markets for electric vehicles.

SK Innovation, which owns South Korea’s top refiner SK Energy and a unit of the country’s No.3 conglomerate, supplies its batteries to several global automakers, including Daimler and Hyundai Motor , but it does not have any U.S clients.

“SK Innovation has been actively looking for a production base to secure competitiveness in the battery business in the major global market,” Kim Jun, chief executive of SK Innovation, was cited as saying in the statement.

“With our business in the hub of the global auto industry, we will grow as a top player in the battery business,” he said.

SK Innovation’s cross-town rival, LG Chem, runs an electric battery factory in Michigan that supplies batteries to General Motors.

SK Innovation operates battery plants at home and has plans to build battery plants abroad, including in Hungary and China.

In October, it said it plans to invest 400 billion won in a plant to produce key EV battery parts in China.

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Trafigura backed Finnish miner Terrafame to build EV battery plant Auto News ET Auto

Trafigura-backed Finnish miner Terrafame to build EV battery plant, Auto News, ET Auto

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By Julia Payne

LONDON: Finland’s nickel and cobalt miner Terrafame has decided to invest in battery manufacturing for electric vehicles by building a chemicals plant, which will be partially funded by commodity trader Trafigura, the company said on Friday.

Trafigura-backed Finnish miner Terrafame to build EV battery plant The plant will produce chemicals for use in electric vehicle batteries located at its industrial site in Sotkamo, Finland.

Most electric vehicles rely on lithium-ion batteries, with the main component comprised mostly of nickel. Cobalt is also a key ingredient.

Lithium-ion batteries power electric cars such as Tesla’s top-of-the-line Model X to General Motors’ more modestly priced Chevy Bolt.

“Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021,” Joni Lukkaroinen, chief executive of Terrafame, said in a statement.

Last year, Terrafame announced an extension in its exclusive offtake agreement with Trafigura Group after the Swiss-based commodities trader provided a $200 million financing package for the miner.

Trafigura said it will market all of Terrafame’s nickel and cobalt products until 2027.

The plant will cost about 240 million euros, Terrafame said, and that Trafigura will lead an additional financing package worth about 100 million euros for the investment.

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