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Solid-state batteries enter pilot production, costs expected to drastically drop
The latest findings from Taipei-based intelligence provider TrendForce show that all-solid-state battery production volumes could have GWh levels by 2027. The rapid expansion will lead to cell price declines, reaching CNY 0.6-0.7/Wh ($0,084-$0,098) level by 2035.
Oct 31, 2024
LG Energy Solution announces substantial ESS revenue growth, new products
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
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CALB sues CATL over patent infringement in escalating battery rivalry
Until now, CALB had been the defendant in multiple patent infringement cases initiated by CATL, but this time, CALB is the plaintiff. The damage CALB is seeking is significantly higher than the total RMB 700 million (€91 million) CATL previously claimed in six patent infringement cases against CALB.
Energy storage corporate funding hits $17.6 billion in nine months of 2024
Corporate funding in the energy storage sector saw a 15% year-on-year increase in the first nine months of 2024, according to Mercom Capital Group. While venture capital funding has collapsed, debt and public market financing has skyrocketed making for the sector's second best performance in the last five years, lagging only the record-breaking 2022.
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Hithium plans manufacturing capacity in Saudi Arabia, unveils desert-tailored battery storage solution
China's Hithium has joined hands with a local partner to establish a 5 GWh production facility in Saudi Arabia. It has also unveiled its specialized energy storage solutions tailored for desert applications.
BatX Energies partners with LW3 on battery passports
Indian lithium battery recycler BatX Energies will leverage LW3’s blockchain- and IoT-based digital product passport solutions for comprehensive tracking of battery history, usage, and material provenance from production to end-of-life, ensuring a circular economy for battery materials. The partnership aims to streamline the approach to meeting compliance requirements, in markets such as Europe.
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