China's ESS cells production in 2023 was approximately 183GWh, an increase of 81% year-on-year in 2022. In 2023, more demand came from front-of-meter energy storage, and the proportion of ...

Korea's three major battery manufacturers began 2026 with renewed confidence in their ability to regain growth momentum, ...

NextStar Energy Inc, a Canadian battery manufacturing joint venture between Stellantis and South Korea’s LG Energy Solution, is switching some of its production capacity to lithium-iron-phosphate (LFP ...

LG Energy Solution is restructuring the production portfolio of its local joint venture plants in North America in response to the slowdown in electric vehicle demand in the region. The company is ...

The domestic battery industry, seeking a breakthrough in the 'chasm (temporary demand stagnation)' of electric vehicles and batteries, has intensified competition in the energy storage system (ESS) ...

SK On said in a statement that it will begin mass production of ESS-dedicated LFP batteries in the second half of next year, adding that it plans to convert some of its electric vehicle (EV) battery ...

As with most industries treated favorably in the Inflation Reduction Act (IRA) of 2022, the domestic energy storage market ...

With the suspension of electric vehicle purchase subsidies in the United States expected to cause continued stagnation in EV demand, domestic battery companies are placing all their bets on the energy ...