Battery Production

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.

StoreDot has signed a licensing agreement with Kumyang for the mass production of cylindrical battery cells based on StoreDotʼs Extreme Fast Charging (XFC) technology.

Porsche AG has acquired a majority stake in V4Drive GmbH from VARTA AG. In the future, the company will operate under the name “V4Smart”.

British start-up Volklec ill be setting up battery production at the UK Battery Industrialisation Centre in Coventry. This is based on a licensing agreement with Chinese manufacturer Far East Battery.

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.