Australian battery material manufacturer NOVONIX will supply Stellantis with a total of at least 86,250 tons of synthetic graphite for six years from 2026.
Stellantis Acquires Synthetic Graphite from NOVONIX Read More »
LG Energy Solution will be supplying 4695-size cylindrical batteries with a total capacity of 67 gigawatt-hours to US automotive manufacturer Rivian over a five-year period.
LG Energy Solution to Supply 4695-Size Batteries to Rivian Read More »
Chinese battery manufacturer CATL has increased its investment in solid-state battery research and development and is focusing on sulfide technology, recently having started test production of 20-ampere-hour prototypes.
CATL Intensifies Solid-State Battery Research Read More »
Belgian metal recycler Umicore will be suspending the construction of a battery materials plant in Canada as part of a review of the companyʼs operations.
Umicore Suspends Construction of Battery Materials Plant in Canada Read More »
Amprius Technologies has delivered A-sample cells to the United States Advanced Battery Consortium (USABC) for the development of a low-cost, fast-charging silicon nanowire battery.
Amprius Delivers A-Sample Battery Cells to USABC Read More »
Volvo Cars has announced that it will take full control of NOVO Energy, its battery joint venture with Northvolt, exercising its right to buy back shares.
Volvo Cars to Take Full Control of NOVO Energy Read More »
The German Federal Cartel Office has approved Porscheʼs acquisition of a majority stake in Vartaʼs V4Drive Battery GmbH subsidiary.
Porsche Cleared to Acquire Vartaʼs V4Drive Subsidiary Read More »
CNGR Advanced Material from China intends to build a battery precursor materials plant in Indonesia for ten billion US dollars and is currently looking for a 5,000-hectare area.
CNGR Plans Precursor Plant in Indonesia Read More »
US-based FREYR Battery has received a funding commitment of 122 million euros from the EU for a potential project to manufacture LFP cathode active materials in Finland.
EU Supports FREYRʼs LFP Cathode Material Project in Finland Read More »
Chinese battery manufacturer SVOLT Energy has confirmed that it will cease operations in Europe. The decision affects the European company and its German subsidiary and will take effect on 31 January 2025. The subsidiary of Chinese carmaker Great Wall Motor cited the unexpected development of the European electric vehicle market, which has fallen short of market players’ expectations. Investment Freeze and Restructuring SVOLT had previously made significant investments in the European market, including planned production facilities in Germany. A factory for battery modules and packs with a capacity of 24 GWh and an investment volume of around €2 billion was planned in Saarland, while a cell factory with a capacity of 16 GWh was to be built in Brandenburg. Both projects were due to be operational by 2025, but have now been put on hold without any further timetable. In Europe, SVOLT will now focus on technical services, warehousing, logistics and after-sales services. Despite the withdrawal from production, the company has signalled its interest in long-term opportunities in the European market and intends to evaluate strategic options for a possible re-entry. Source:https://cnevpost.com/2024/10/27/svolt-confirms-will-end-operations-europe/
SVOLT Abandons Plans for European Production Read More »
