[Hyundai Motor Group and Huayou Cobalt Jointly Built a Power Battery Recycling System in Indonesia] Recently, Hyundai Motor Group signed a cooperation agreement with Zhejiang Huayou Recycling Technology Co., Ltd. (a subsidiary of Huayou Cobalt) to jointly build an EV power battery recycling system in Indonesia. The cooperation covered the recycling and utilization of battery production scrap and end-of-life batteries, aiming to achieve a closed-loop resource system throughout the entire battery life cycle.

LG Energy Solution revealed its next-generation battery commercialization strategy at InterBattery 2026, which opened on March 11 at COEX in Seoul. The company showcased sulfide-based all-solid-state battery cells and mock-up modules, presenting key technical targets including extending electric vehicle driving range to around 900 km and reducing charging time to within 10 minutes.

POSCO Future M announced on the 13th that it signed a memorandum of understanding (MOU) with Sila at InterBattery 2026 held at COEX in Seoul on March 11. Sila, headquartered in California, is a battery materials company specializing in high-performance silicon anode technology.

Hyundai Motor Group announced on the 12th that it has signed a memorandum of understanding (MOU) with Huayou Recycling. The agreement focuses on building an EV battery circular economy ecosystem in Indonesia.

On the evening of March 16, Farasis Energy (Ganzhou) Co., Ltd. issued a voluntary disclosure announcement, stating that its wholly-owned subsidiary, Guangzhou Farasis Energy Technology Co., Ltd., recently received a "Designation Development Notice" from GAC Group. GAC Group has selected it as a partner for the development and supply of power batteries, with related products expected to officially commence supply in the first half of 2027. According to the announcement, the core product for this designated cooperation is a lithium iron phosphate power battery designed based on the SPS (Super Pouch Solution) large-format pouch power battery solution.

POSCO HY Clean Metal has signed a memorandum of understanding (MOU) with Mitsui & Co. to collaborate on recycling end-of-life batteries through Hydrovolt. Under the agreement, POSCO will secure a stable supply of large volumes of black mass produced by Hydrovolt at its facility in Fredrikstad, Norway.

On March 17, the SMM average price of battery-grade nickel sulphate remained unchanged.

Under the agreement, China’s BYD Battery, a global leader in green vehicles, will transferring technical expertise and transfer battery technology for the project while Vietnam’s Kim Long Motor will in charge of financing and developing energy battery manufacturing plant. The project is intended to help Vietnamese companies progressively develop their own battery production capabilities. After completion, the BYD battery facility is projected to enable Kim Long Motor to raise its localization rate to more than 80% by Q2 2026.

Dali Era Energy Co., Ltd. has officially broken ground on its Wide-Temperature High-Rate Advanced Special-Purpose Lithium Battery R&D and Production Base in the Dali Economic and Technological Development Zone, Yunnan. With a total investment exceeding 1 billion yuan, the project covers 80 acres and has an 8-month construction timeline. Once operational, it will reach an annual capacity of 2GWh, targeting an annual revenue of 1.5 billion yuan and creating over 300 jobs. This facility focuses on advanced solid-state and special-purpose battery technologies designed for extreme environmental performance.

Hyosung announced on the 12th that it has signed a contract to build a battery energy storage system (BESS) project worth KRW 142.5 billion in the Tangkum area of Queensland, Australia.