Battery Production

The Swedish government has approved the takeover of the insolvent battery manufacturer Northvolt by US group Lyten. All remaining sites are to be retained.

Voltfang and Palladio Partners are going to jointly invest around 250 million euros in the construction of large-scale battery storage facilities in Germany by 2029.

Panasonic intends to develop electric vehicle batteries by 2027 whose anodes form themselves from lithium metal during first charge.

SK On has commissioned a pilot plant for solid-state batteries. The facility will be used for the development of sulfide-based cells and lithium metal batteries.

The Spanish Ministry of Industry has granted Slovakian battery company InoBat 53.8 million euros in funding for the construction of a factory in Valladolid.

US sodium-ion battery manufacturer Natron Energy has ceased operations. This also means the planned large-scale factory in North Carolina is no longer viable.

South Korean battery manufacturer SK On will supply US company Flatiron Energy with battery storage systems with a total capacity of up to 7.2 gigawatt-hours by 2030.

LG Energy Solution and Mercedes-Benz have signed multi-year battery supply agreements covering 32 gigawatt-hours in Europe and 75 gigawatt-hours in the United States.

LG Energy Solution will be supplying Vietnamese automobile company Kim Long Motor with cylindrical NMC battery cells for electric buses.

On November 25th and 26th, the Future Battery Forum will bring together executives from the European battery industry for the sixth time. Early registration is open until September 15th.