Volkswagen partner Gotion High-Tech from China is acquiring a 25-percent stake in Slovakian battery company InoBat. Early in 2023, the two companies had already agreed on establishing a battery plant in Europe.
Gotion High-Tech Takes 25% Stake in InoBat Read More »
Porsche may be considering building its large battery cell factory in Brandenburg, Germany. Recently, rumors had circulated that Porsche might plan a move to North America.
Gigafactory Location: Does Porsche Consider Brandenburg? Read More »
Hyundai Motor Group and LG Energy Solution have decided to increase their investment in their 30-gigawatt-hour battery factory in Georgia, USA, by two billion dollars.
Hyundai and LG Spend Another Two Billion Dollars Read More »
Reliance Industries Limited (RIL) plans to enter the battery manufacturing sector and aims to build a gigafactory for lithium iron phosphate (LFP) batteries by 2026.
Reliance Industries Plans LFP Gigafactory Read More »
BMW Group has started construction of a logistics center for high-voltage batteries outside its plant site in Leipzig, Germany. The planned site covers twelve hectares.
BMW Builds Battery Logistics Center in Leipzig Read More »
Northvolt has produced its first battery system for stationary energy storage systems at its Northvolt Dwa plant in Poland. The company has also announced a $1.2 billion financing.
Northvolt Produces First Energy Storage System in Poland Read More »
The “Automotive Cells Company” (ACC) is in early talks with officials in Canada and the United States. The European joint venture of Stellantis, Total Energies and the Mercedes-Benz Group is currently negotiating the construction of a battery factory in North America, ACC told Reuters news agency.
ACC explores new battery plant in North America Read More »
Chinese company Sunwoda Electronic plans to build a battery factory for electric vehicles in Hungary. In an official announcement to the Shenzhen Stock Exchange, Sunwoda said its initial investment of the equivalent of 250 million euros would go toward the acquisition of land, new construction and equipment procurement, among other things. Chinese producers expand into Europe Sunwoda is one of the emerging players in the Chinese battery manufacturing circle, serving prominent customers such as Xpeng, Mercedes and Guangzhou Automobile Group. Meanwhile, Chinese market leader CATL is also building a battery factory in Hungary, having already established a production facility in Germany. There are further expansion plans for Europe from the EVE Energy group, which last June announced the construction of a factory for the production of large cylindrical batteries in Hungary. Source: https://www.reuters.com/technology/chinas-sunwoda-plans-2747-mln-hungarian-battery-plant-2023-07-27/
Sunwoda builds battery factory in Hungary Read More »
