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Arkema boosting Kynar PVDF production to meet Li-ion materials demand; targeting €1B in battery sales by 2030

Green Car Congress

France-based specialty chemicals and materials company Arkema announced a 50% increase in its Kynar PVDF fluoropolymer production capacities at its Pierre-Bénite site in order to address the fast-growing demand for materials for lithium-ion batteries. Arkema now aims for sales of at least €1 billion in the battery sector by 2030.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company.

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LG Energy Solution cuts investments after weak earnings

Teslarati

“W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. The South Korean battery manufacturer reported an operating profit of 157.3 Legacy automakers have started turning to plug-in hybrid production while EV sales are down.

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Ford considers growing EV supply chain in Kentucky

Teslarati

“Ford Motor Company is considering Shelby County for a small, specialized high-tech component manufacturing operation. The components would primarily be used for EVs,” according to the minutes of a Kentucky Economic Development Finance Authority board meeting.

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2024 VinFast VF9 Sees Huge Discounts Before U.S. Launch

The Truth About Cars

However, the company was previously adamant that any customer who signed onto binding agreement would see the $7,500 rebate paid by the manufacturer if they were declined by the IRS when filing their taxes. The above hinged on the vehicle being manufactured in North Carolina.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

Green Car Congress

The Renault-Nissan Alliance, the French Atomic Energy Commission (CEA) and the French Strategic Investment Fund (FSI) signed a letter of intent to set up a joint venture company that would develop and manufacture batteries for electric vehicles, under the patronage of Christian Estrosi, the French Minister for Industry.

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Ola Electric to invest USD 100 mn in gigafactory – ET Auto

Baua Electric

Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. GWh (gigawatt hour) of cell manufacturing capacity. Aggarwal said the aim is to expand capacity to 5 GWh in ‘phase 1B’.

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