News

U.S. car manufacturer Ford has terminated a supply contract for electric vehicle batteries with South Koreanʼs LG Energy Solution (LGES) worth around 6.5 billion US dollars.

Japanese battery cell manufacturer AESC has commissioned a lithium-ion battery plant in Sunderland, England, with an annual capacity of 15.8 gigawatt-hours.

Volkswagen subsidiary PowerCo has started production of its NMC-based Unified Cells at its first European gigafactory in Salzgitter, Germany.

French company Verkor has opened its first gigafactory in Bourbourg for the production of lithium-ion battery cells for electric vehicles.

SEAT and CUPRA have opened a 300-million-euro plant in the Spanish city of Martorell for the assembly of around 300,000 battery systems per year.

Due to declining sales figures for electric vehicles and the discontinuation of government subsidies, SK On has terminated its joint venture with Ford in the United States.

South Korean battery manufacturer Samsung SDI is set to supply lithium iron phosphate (LFP) batteries for stationary energy storage systems to North America for around 1.36 billion US dollars.

Under a new one-billion-dollar contract, LG Energy Solution will supply Mercedes-Benz with batteries in Europe and North America from 2028 to 2035.

Farasis Energy will equip two European models of the Chinese “GAC Aion” car brand with battery systems based on lithium iron phosphate (LFP) cells.

In Spain, CATL and Stellantis have begun construction on a four-billion-euro, 50-gigawatt-hour battery factory for LFP cells scheduled to go into operation in 2026.