- In April 2023, Contemporary Amperex Technology Co., Limited condensed battery, boasting up to 500 Wh/kg energy density, revolutionizes aviation electrification, ensuring safety and efficiency. Leveraging biomimetic electrolytes and innovative materials, it overcomes previous limitations, paving the way for mass production and application in electric passenger aircrafts. This breakthrough marks a pivotal moment in achieving universal electrification across transportation sectors, advancing towards global carbon neutrality goals
- In January 2023, the LG Chem project won the FDI deal of the year award. This recognition made a significant impact on the growth of the company's image as well as the growth of the Middle East and Africa lithium ion battery market
- In October 2021, SAMSUNG SDI and Stellantis created a joint venture for lithium-ion battery production in North America and the Middle East region. This venture includes various lithium-ion battery production plants and research centers. This development made a positive impact on the company as well as on the growth of the Middle East and Africa lithium ion battery market
- In November 2023, BYD Company ltd. demonstrated its strategic expansion into the Middle East, leveraging partnerships with Chinese automotive firms such as BeyonCa, Pony.ai, and Nio to access lucrative markets in Saudi Arabia and the UAE. Concurrently, BYD's collaboration with Middle Eastern financial entities such as Mubadala Investment Company and the Saudi Public Investment Fund signals a commitment to deepening economic ties, and fostering growth and innovation within the automotive industry
- In December 2023, Panasonic Corporation and Sila collaborated for silicon anode supply, vital for lithium-ion batteries powering electric vehicles. With Panasonic's plan to boost battery production to 200 GWh by 2030-31, this collaboration highlights the crucial role of lithium-ion batteries in the EV industry. As a major Tesla supplier, Panasonic's partnership underscores the industry's drive towards sustainable transportation
