Battery Production

LG Energy Solution will supply batteries for electric versions of Ford commercial vehicles in Europe starting in 2026. This is the result of an agreement between the South Korean battery manufacturer and the US automotive group.  Battery modules for the electric vans will be produced at LG Energy Solution’s manufacturing facility in Poland and will serve both the UK and European markets. The supply agreement between the two companies covers a total volume of 109GWh over a period of four to six years.  Battery Production for Mach-E to Move to the USA The agreement also stipulates that the batteries for the Mach-E model of the Ford Mustang will be produced in the United States starting in 2025.  Originally planned for Poland, production will be moved to LG’s Michigan facility to take advantage of better economic conditions in the U.S., such as the IRA tax incentive. Source:https://news.lgensol.com/company-news/press-releases/3297/

Swedish battery manufacturer Northvolt apparently is in talks with investors and lenders to secure short-term financing of around 200 million euros.

The Spanish government has promised a 133 million-euro grant to car manufacturer Stellantis for a potential battery gigafactory near Zaragoza, bringing its total support to almost 300 million euros.

LG Energy Solution will supply electric vehicle batteries totaling 50.5 gigawatt-hours to an unspecified Mercedes-Benz subsidiary in North America from 2028 to 2038.

Following the halt to the planned factory expansion in Skellefteå, battery manufacturer Northvolt must forego guarantees of 1.5 billion US dollars from the Swedish National Debt Office.

Northvolt has announced further measures to reduce its activities, including the Northvolt Ett plant expansion, which was intended to create 30 gigawatt-hours of additional annual production.

Volvo Trucks has postponed its battery factory in Mariestad again. Following the delay from 2024 to 2025, construction is now set to begin by another twelve to 24 months later.

Due to the declining demand for electric vehicles and their batteries, Volkswagen subsidiary PowerCo will build only one of its two production lines intended at its plant in Salzgitter, Germany.

Panasonic Energy plans to start mass production of its new 4680 batteries, which have a volume and capacity five times greater than conventional cells for electric cars.

Due to the stagnating market for electric vehicles in Europe, Swedish battery manufacturer Northvolt will be abandoning and cutting some of its projects as part of its comprehensive realignment.