Battery Production

Tesla plans to acquire parts of the insolvent German engineering company Manz AG, including the transfer of more than 300 employees at the Reutlingen site in Baden-Württemberg.

500 participants are expected to attend the “New Battery World” in Munich on February 27th and 28th to discuss trends in battery technology, production, and charging infrastructure.

Chinese battery manufacturer CALB plans to build a lithium-ion battery factory with an annual capacity of 15 gigawatt-hours in Portugal, which is due to go into operation in 2028.

On February 27th and 28th, numerous renowned players in battery cell production and electric mobility are expected to attend Drees & Sommerʼs “New Battery World” at Motorworld Munich.

Backed by a 1.4-billion-dollar loan guarantee, LG Energy Solution plans to start mass production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in the United States in the second half of 2025.

Chinese battery manufacturer EVE Energy has started production of cylindrical cells for power tools and electric two-wheelers at its first overseas plant in Malaysia.

Swedish battery manufacturer Northvolt has agreed to sell its heavy industry battery systems business to Swedish truck manufacturer Scania.

After a 200-million US dollar investment and nine months of construction, Tesla has begun Megapack energy storage production on 200,000 square feet in Shanghai.

The Investment Management Corporation of Ontario (IMCO) has written off its massive investment in Northvolt. The same applies to other pension funds from Canada and Europe.

Toyota will soon be starting production of electric vehicle batteries at its new plant in the US state of North Carolina. The facility is Toyotaʼs first battery factory outside Japan.