Battery Production

Volvo Trucks has postponed its battery factory in Mariestad again. Following the delay from 2024 to 2025, construction is now set to begin by another twelve to 24 months later.

Due to the declining demand for electric vehicles and their batteries, Volkswagen subsidiary PowerCo will build only one of its two production lines intended at its plant in Salzgitter, Germany.

Panasonic Energy plans to start mass production of its new 4680 batteries, which have a volume and capacity five times greater than conventional cells for electric cars.

Due to the stagnating market for electric vehicles in Europe, Swedish battery manufacturer Northvolt will be abandoning and cutting some of its projects as part of its comprehensive realignment.

The construction of Northvoltʼs gigafactory in Canada could take between twelve and 18 months longer than planned, according to the Quebec provincial government.

German lithium-sulfur battery specialist “theion” plans to collaborate with industry, science, and government agencies in the Gulf region from a new representative office in Dubai.

Samsung SDI and General Motors (GM) plan to jointly invest 3.5 billion dollars in a US gigafactory in the state of Indiana, starting operations in 2027.

Due to market developments and consumer demand, European car manufacturer Stellantis has postponed planned investments of 4.7 billion dollars in its US site in the state of Illinois indefinitely.

Ganfeng Lithium subsidiary Ganfeng LiEnergy from China is building a five-gigawatt-hour plant for the production of lithium batteries in Turkey with new joint venture partner YİĞİT AKÜ.

Varta is on the verge of a comprehensive financial restructuring, including a debt cut and capital injection. Meanwhile, Porsche is planning to acquire a majority stake in Vartaʼs “V4Drive Battery” subsidiary.