Author name: Cornelius Karow

According to Indonesian state media, the Indonesia Battery Corporation (IBC) and CBL International Development, a subsidiary of Chinese battery manufacturer Contemporary Amperex Technology Co (CATL), have formed a joint venture. The joint venture aims to build a battery cell manufacturing facility in Indonesia. A partnership between the parties was first announced in 2022. Start of Production Planned for 2027 According to IBC, up to USD 1.18 billion will be invested in the plant, which is expected to have a production capacity of 15 gigawatt hours. This capacity will serve both the domestic market and international demand. Production is expected to start in 2027. The Indonesia Battery Corporation (IBC) is a state-owned consortium established in 2021 to strengthen Indonesia’s role in the global battery and electric vehicle supply chain. The consortium brings together several state-owned companies from the energy, mining and chemical sectors. A key objective of the IBC is to use the country’s large nickel deposits to establish Indonesia as a major player in the global battery industry. Source:https://www.reuters.com/markets/deals/indonesia-battery-corp-catl-unit-sign-jv-deal-state-media-says-2024-10-17/

Lyten will invest more than one billion US dollars in building the world’s first lithium-sulfur battery factory in Nevada – with an annual capacity of up to ten gigawatt-hours.

LG Energy Solution will supply batteries for electric versions of Ford commercial vehicles in Europe starting in 2026. This is the result of an agreement between the South Korean battery manufacturer and the US automotive group.  Battery modules for the electric vans will be produced at LG Energy Solution’s manufacturing facility in Poland and will serve both the UK and European markets. The supply agreement between the two companies covers a total volume of 109GWh over a period of four to six years.  Battery Production for Mach-E to Move to the USA The agreement also stipulates that the batteries for the Mach-E model of the Ford Mustang will be produced in the United States starting in 2025.  Originally planned for Poland, production will be moved to LG’s Michigan facility to take advantage of better economic conditions in the U.S., such as the IRA tax incentive. Source:https://news.lgensol.com/company-news/press-releases/3297/

Swedish battery manufacturer Northvolt apparently is in talks with investors and lenders to secure short-term financing of around 200 million euros.

The Spanish government has promised a 133 million-euro grant to car manufacturer Stellantis for a potential battery gigafactory near Zaragoza, bringing its total support to almost 300 million euros.

LG Energy Solution will supply electric vehicle batteries totaling 50.5 gigawatt-hours to an unspecified Mercedes-Benz subsidiary in North America from 2028 to 2038.