Catl battery tdk

Will TDK and CATL join a battery joint venture?

For TDK, the move would expand its reach into electric vehicle batteries, beyond its core consumer electronics business. In 2022, TDK and CATL won regulatory approval to pursue battery joint ventures together. The two firms have a long history.

Who owns CATL & TDK?

The two firms have a long history. Robin Zeng, the billionaire chairman of CATL, worked on lithium-ion batteries for consumer electronics at Amperex Technology Co., or ATL, a subsidiary of TDK that he helped found. In 2011, Zeng started CATL as a gamble on the direction of Chinese government policy to promote EVs.

Should TDK buy LFP cells from CATL?

TDK and CATL representatives declined to comment outright. The advantage of setting up a contract in this way, would be that General Motors would be protected from battery price fluctuation as it would purchase LFP cells from the TDK plant at a fixed price over the life of a long-term contract.

What if TDK & CATL merge?

Should the deal go through, this would entail TDK’s first foray into the field of electric vehicle batteries, expanding beyond its consumer electronic business. According to the Bloomberg report, “In 2022, TDK and CATL won regulatory approval to pursue battery joint ventures together.” bnnbloomberg.ca

Can TDK make lithium phosphate cells?

Under the terms of the deal, TDK would license technology from CATL — the world’s biggest maker of EV batteries — to make lithium iron phosphate cells, the people said, similar to existing CATL partnerships with Ford Motor Co. and Tesla Inc. GM doesn’t plan to take an equity stake in the venture, one person said.

Will TDK pay a penalty if a carmaker buys a battery?

Because carmakers would buy the batteries instead of build them, TDK would bear the cost of any financial penalties if the cells use components that don’t comply with the IRA, which seeks to carve China out of the US EV supply chain, the people said.