lithium-ion batteries

Business, Fuel

Lithium Miner Albemarle Lifts Outlook as EV Battery Demand Surges

Brine pools at the Albemarle Corp. lithium mine in Chile. Brine pools at the Albemarle Corp. lithium mine in Chile. (Cristobal Olivares/Bloomberg News)

Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric vehicle demand forces battery makers to pay up for the metal.

Yvonne Yue Li | Bloomberg News
May 24, 2022

Soaring Lithium Prices May Affect Vehicle Production

lithium-ion battery A cross section of a lithium battery pack at the Tianneng Battery Group Co. facility in Huzhou, Zhejiang province, China. (Qilai Shen/Bloomberg News)

Batteries, and more precisely battery metals, are poised to replace chips as the new bottleneck for the auto industry.

Gabrielle Coppola | Bloomberg News
April 22, 2022
Government, Business, Technology, Fuel

NHTSA Opens Probe Into LG Electric Vehicle Batteries

corporate logo of LG Electronics The corporate logo of LG Electronics. (Lee Jin-man/Associated Press)

DETROIT — U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling.

Tom Krisher | Associated Press
April 5, 2022
Business, Technology, Fuel

EV Battery Maker LG to Expand in Michigan

LG Chem Michigan Inc.'s plant in Holland, Mich. LG's plant is Holland, Mich., as seen in 2013. A $1.7 billion expansion will add up to 1,200 jobs by 2025, officials announced March 22. (Mark Copier/The Grand Rapids Press via AP)

LANSING, Mich. — Electric vehicle battery maker LG Energy Solution plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025, officials announced March 22.

David Eggert | Associated Press
March 22, 2022
Government, Business, Fuel

US Unveils Battery Strategy in West Virginia to Ease Coal Loss

Jennifer Granholm (left) and Sen. Joe Manchin Granholm (left) by Aaron M. Sprecher/Bloomberg News; Manchin by Al Drago/Bloomberg News

Energy Secretary Jennifer Granholm and Sen. Joe Manchin on March 18 announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia amid a transition from coal.

Ari Natter | Bloomberg News
March 18, 2022
Business, Fuel

Mercedes Opens Battery Plant for Electric SUVs

Ola Kallenius of Mercedes Mercedes Chief Executive Officer Ola Kallenius speaks to Bloomberg Television

Mercedes-Benz Group AG opened a battery factory in Alabama months before the luxury carmaker starts assembling electric SUVs nearby in an effort to challenge Tesla Inc. in the U.S. EV market.

March 15, 2022
Business, Technology, Equipment, Fuel

Georgia County Lands Two EV Development Projects

Battery Resourcers' Newton County, Ga., plant Battery Resourcers' $43 million, 154,000-square-foot plant in Covington, Ga., is on track to open in August. (Battery Resourcers)

Newton County, Ga., has landed two major electric vehicle development projects that potentially could provide thousands of jobs in the fast-growing suburb east of Atlanta.

January 12, 2022
Business, Technology, Fuel

US Loosens China’s Grip on Lithium Battery Industry

A cross section of a lithium battery pack A cross section of a lithium battery pack at the Tianneng Battery Group Co. facility in Huzhou, Zhejiang province, China. (Qilai Shen/Bloomberg News)

The U.S. is narrowing the gap on China’s dominance of the $46 billion lithium-ion battery industry thanks to investments from Tesla Inc. and the Biden administration’s policy push to drive growth of electric vehicles.

Yvonne Yue Li | Bloomberg News
October 7, 2021