News

From 2026 to 2031, SK On will supply NCM battery cells to United States electric vehicle manufacturer Slate for around 2.8 billion US dollars.

Following the withdrawal of the South Korean LG consortium, Chinese raw materials group Zhejiang Huayou Cobalt is taking over in the Indonesia Grand Package project.

A South Korean consortium led by LG has canceled an 8.45-billion-dollar project for the development of a battery value chain in Indonesia.

Following an investment of around 250 million euros, MAN Truck & Bus has started producing battery packs for electric commercial vehicles in Nuremberg.

Bühler Group is to support the production of lithium iron phosphate (LFP) battery cells by FIB near Naples with the installation of four continuous mixing lines.

Construction of a 2.3-billion-dollar Gotion battery factory in Michigan has been halted due to a legal dispute over environmental impact and the companyʼs links to China.

Battery manufacturer Northvolt has laid off most of its employees as part of the ongoing insolvency proceedings. Approximately 1,700 employees will remain in Sweden.

According to the company, Samsung SDI has launched series production of 46-series cylindrical cells more than a year ahead of schedule.

Nissan has signed an agreement with South Korean battery manufacturer SK On for the supply of lithium-ion batteries in North America for the period from 2028 to 2033.

German battery start-up Theion has raised 16.4 million US dollars from investors to further develop its sulfur battery technology offering three times the energy density of lithium-ion batteries.

South Korean battery manufacturer Samsung SDI has announced a capital increase of approximately 1.38 billion US dollars for the realization of various battery projects.

Swedish battery manufacturer Northvolt has filed for bankruptcy in its home country. A court in Stockholm will take over the proceedings.