Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • NexusTours and Juniper Travel Technology Collaborate to Innovate the Travel Industry
    NexusTours and Juniper Travel Technology Collaborate to Innovate the Travel Industry Business
  • Healthcare ERP Consulting Services Market Size, Share, Revenue, Trends And Drivers For 2023-2032
    Healthcare ERP Consulting Services Market Size, Share, Revenue, Trends And Drivers For 2023-2032 World News
  • USPA Pledges 50% of Black Friday Security Guard Service Profits to Rescue Missing Teen Girls
    USPA Pledges 50% of Black Friday Security Guard Service Profits to Rescue Missing Teen Girls World News
  • AI and News, Aimee Rinehart (Associated Press) & Mona Sloane (NYU) | Oct 18, 2022
    AI and News, Aimee Rinehart (Associated Press) & Mona Sloane (NYU) | Oct 18, 2022 World News
  • BUC-EE’S TO BREAK GROUND ON LARGEST TRAVEL CENTER IN THE COUNTRY ON NOV. 16
    BUC-EE’S TO BREAK GROUND ON LARGEST TRAVEL CENTER IN THE COUNTRY ON NOV. 16 Business
  • War Day 147: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych  & #Feygin
    War Day 147: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • LIVE | People gather outside Buckingham Palace after Queen Elizabeth’s death
    LIVE | People gather outside Buckingham Palace after Queen Elizabeth’s death World News
  • U.S. and Canada Co-Host Proliferation Security Initiative Workshop
    U.S. and Canada Co-Host Proliferation Security Initiative Workshop World News
TELF AG on Battery Materials Production and Current EV Ecosystem

TELF AG on Battery Materials Production and Current EV Ecosystem

Posted on July 5, 2023 By NewsEditor

TELF AG delves into the current state of major investments in battery materials production and the electric vehicle ecosystem in North America and Indonesia.

These advancements in North America and Indonesia showcase the global commitment to sustainable transportation, paving the way for a greener and more sustainable future”

— TELF AG’s leading expert in the field

LUGANO, TICINO, SWITZERLAND, June 25, 2023/EINPresswire.com/ — Lugano, Switzerland – June 20, 2023 – TELF AG, a leading physical commodities trader, is pleased to announce the release of its latest article, which delves into the current state of major investments in battery materials production and the electric vehicle (EV) ecosystem in North America and Indonesia. The article highlights the significant contributions of General Motors (GM), Posco Future M, and Hyundai Group in driving the progress of the EV industry through strategic investments.

According to the article, General Motors and Posco Future M have made substantial investments in their joint venture, Ultium JV, to bolster the production of North America’s active cathode materials (CAM). As the project enters its second phase, both companies are actively searching for a suitable location to establish a CAM and precursor production facility, set to commence operations in 2024.

The article emphasizes the partnership between GM and Posco, which led to the construction of a cathode materials plant in Bécancour, Quebec. Currently under construction, the plant is scheduled to begin commercial operations in 2025. The Canadian federal and provincial governments have also demonstrated their support for this ambitious project by announcing a public funding injection of CAD 300 million (USD 223 million).

“Investments by General Motors and Posco Future M are a clear testament to their commitment to strengthen the domestic supply chain for battery materials, driving the accelerated adoption of electric vehicles in North America,” said TELF AG’s analyst, the author of the Insights article.

Furthermore, Hyundai Mobis, a leading Korean components manufacturer, has recently begun the construction of a battery pack production plant in Indonesia. Situated in the Deltamas Industrial Complex near Jakarta, this USD 60 million investment is expected to commence production in the first half of 2024.

To ensure a reliable supply of cells for their battery systems, Hyundai Mobis will source them from HLI Green Power, a joint venture between Hyundai Group and LG Energy Solution. HLI Green Power is concurrently constructing a plant in Karawang near Jakarta, set to begin production in the first half of next year, with an annual capacity target of 10GWh.

“Hyundai Group’s investment in the battery pack production plant in Indonesia complements the company’s existing EV production plant, establishing a robust supply chain from cell production to electric vehicle manufacturing,” stated TELF AG’s market insights analyst.

In conclusion, the article emphasizes that the recent investments by General Motors, Posco Future M, and Hyundai Group in battery materials and production facilities reflect the rapid progress of the EV industry. These initiatives strengthen domestic supply chains and reduce import dependence, accelerating the widespread adoption of electric vehicles.

“These advancements in North America and Indonesia showcase the global commitment to sustainable transportation, paving the way for a greener and more sustainable future,” concluded TELF AG’s leading expert in the field.

About TELF AG

TELF AG is a full-service international physical commodities trader with 30 years of experience in the industry. Headquartered in Lugano, Switzerland, the company operates globally, serving customers and providing solutions for commodities producers worldwide. TELF AG works in close partnership with producers to provide effective marketing, as well as financing and logistics solutions, which enable suppliers to focus on their core activities and to access far-reaching markets wherever they may be.

Its flexible, customer-focused approach allows TELF AG to create tailor-made solutions for each producer, thereby facilitating long-term partnerships. Additionally, consumers widely recognize them for their operational excellence and reliability.

Rick De Oliveira
TELF AG
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Instagram
YouTube
Other

TELF AG is a leading full-service international trader, connecting producers and consumers across the globe.

TELF AG on Battery Materials Production and Current EV Ecosystem

You just read:

News Provided By

June 25, 2023, 08:00 GMT

Distribution channels:
Agriculture, Farming & Forestry Industry, Automotive Industry, Aviation & Aerospace Industry, Banking, Finance & Investment Industry, Building & Construction Industry, Business & Economy, Chemical Industry, Companies, Conferences & Trade Fairs, Consumer Goods
…


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published on www.einpresswire.com as TELF AG on Battery Materials Production and Current EV Ecosystem

Business

Post navigation

Previous Post: Biomass Gasification Market Size Expected To Reach $154.59 Billion By 2027
Next Post: Hardware, Putin’s Wunderwaffles: Pt5.Iranian Mopeds (FeyginLive & Latynina.tv)

Related Posts

  • Veteran-Centric Venture Capital To Back Next-Gen Defense
    Veteran-Centric Venture Capital To Back Next-Gen Defense Business
  • Signals Announces Live Sessions for Upcoming RevTech Summit on Feb. 15
    Signals Announces Live Sessions for Upcoming RevTech Summit on Feb. 15 Business
  • Kick Digital Media Wins Four Awards From Expertise for Best Digital Marketing Agencies in Scottsdale
    Kick Digital Media Wins Four Awards From Expertise for Best Digital Marketing Agencies in Scottsdale Business
  • Choice Financial Group Named to INC. 5000 List
    Choice Financial Group Named to INC. 5000 List Business
  • Grand Opening of One of the World’s Largest Anime Shops, animate Ikebukuro Flagship Store, on March 16, 2023, in Tokyo, Japan
    Grand Opening of One of the World’s Largest Anime Shops, animate Ikebukuro Flagship Store, on March 16, 2023, in Tokyo, Japan Business
  • Market Size to Reach 4.74 Billion by 2028
    Market Size to Reach $194.74 Billion by 2028 Business
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Projected To Reach $3.7Billion By 2029 With An Impressive 9.6% CAGRJune 25, 2025
  • Dunbrook Associates Offers Complimentary Consultations to New ClientsJune 25, 2025
  • Luxury & Beauty With Purpose: A Noble Foundation Elevates Healing Through DesignJune 25, 2025
  • International Solar Alliance to Host Sixth Regional Committee Meeting for Europe & Others Region in BrusselsJune 24, 2025
  • FinlyWealth Revolutionizes Credit Card Comparison in Canada with Data-Driven, Personalized ToolJune 24, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Global Robotic Vacuum Cleaners Market Size, Share And Growth Analysis For 2024-2033
    Global Robotic Vacuum Cleaners Market Size, Share And Growth Analysis For 2024-2033 World News
  • Monument Sotheby’s International Realty Invests in Substantial Partnership With Ocean Atlantic Sotheby’s International Realty
    Monument Sotheby’s International Realty Invests in Substantial Partnership With Ocean Atlantic Sotheby’s International Realty Business
  • Kerry Siggins, CEO of StoneAge, A DotCom Magazine Exclusive Interview
    Kerry Siggins, CEO of StoneAge, A DotCom Magazine Exclusive Interview World News
  • Naphthalene Derivatives Market Size, Share, Revenue, Trends, and Drivers For 2024-2033
    Naphthalene Derivatives Market Size, Share, Revenue, Trends, and Drivers For 2024-2033 Business
  • Designations in Connection with Human Rights Abuses in Iran
    Designations in Connection with Human Rights Abuses in Iran World News
  • U.S. and Canada Co-Host Proliferation Security Initiative Workshop
    Strengthening U.S. Open Skies Civil Aviation Partnerships World News
  • What can India do to beat an economic slowdown? – BBC News
    What can India do to beat an economic slowdown? – BBC News World News
  • Secretary Antony J. Blinken And United States Trade Representative Katherine Tai At a Virtual Ministerial for the Americas Partnership for Economic Prosperity
    Secretary Antony J. Blinken And United States Trade Representative Katherine Tai At a Virtual Ministerial for the Americas Partnership for Economic Prosperity World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .