Battery Production

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.

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.

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.

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.

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/