Northvolt Files for Bankruptcy in Sweden
Swedish battery manufacturer Northvolt has filed for bankruptcy in its home country. A court in Stockholm will take over the proceedings.
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Fast Charging: StoreDot Licenses XFC Technology to Kumyang
StoreDot has signed a licensing agreement with Kumyang for the mass production of cylindrical battery cells based on StoreDotʼs Extreme Fast Charging (XFC) technology.
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PTL Cancels Anode Factory in Sweden
Shanghai Putailai (PTL) has canceled its plans for the construction of a 1.3-billion-dollar anode factory with an annual capacity of 100,000 tons in Sweden.
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Porsche Acquires Majority Stake in VARTA Subsidiary V4Drive
Porsche AG has acquired a majority stake in V4Drive GmbH from VARTA AG. In the future, the company will operate under the name “V4Smart”.
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Ascend Elements Cancels CAM Production in Kentucky
Ascend Elements and the U.S. Department of Energy have agreed to cancel a 164-million-dollar grant for the production of cathode active material (CAM) in Kentucky.
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Idemitsu to Build Lithium Sulfide Plant for Solid-State Batteries
Japanese mineral oil company Idemitsu Kosan intends to build a lithium sulfide plant for electrolytes for future solid-state batteries, first to be used in electric vehicles from Toyota.
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Volklec Plans Battery Production in the UK with Technology from China
British start-up Volklec ill be setting up battery production at the UK Battery Industrialisation Centre in Coventry. This is based on a licensing agreement with Chinese manufacturer Far East Battery.
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SKIET to Increase Separator Supply to Gotion
South Korean company SK IE Technology (SKIET) has signed an agreement with battery manufacturer Gotion to supply separators for electric vehicle and energy storage batteries in North America and Europe.
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Tesla to Take Over Parts of Insolvent Supplier Manz
Tesla plans to acquire parts of the insolvent German engineering company Manz AG, including the transfer of more than 300 employees at the Reutlingen site in Baden-Württemberg.
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Syrah to Supply Graphite Anode Material to Lucid
Syrah Resources from Australia has signed a multi-year agreement with electric vehicle manufacturer Lucid for a US-sourced supply of natural graphite anode material, to take effect in 2026.
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