Battery Production

Volvo Cars battery subsidiary Novo Energy from Sweden is cutting around 150 more jobs due to the insolvency of former co-owner Northvolt, reducing its workforce by around 50 percent.

German battery company CustomCells has filed for insolvency proceedings for its operating companies in Itzehoe and Tübingen due to non-payment by its insolvent main customer Lilium.

From 2026 to 2031, SK On will supply NCM battery cells to United States electric vehicle manufacturer Slate for around 2.8 billion US dollars.

Following the withdrawal of the South Korean LG consortium, Chinese raw materials group Zhejiang Huayou Cobalt is taking over in the Indonesia Grand Package project.

A South Korean consortium led by LG has canceled an 8.45-billion-dollar project for the development of a battery value chain in Indonesia.

Following an investment of around 250 million euros, MAN Truck & Bus has started producing battery packs for electric commercial vehicles in Nuremberg.

Bühler Group is to support the production of lithium iron phosphate (LFP) battery cells by FIB near Naples with the installation of four continuous mixing lines.

Construction of a 2.3-billion-dollar Gotion battery factory in Michigan has been halted due to a legal dispute over environmental impact and the companyʼs links to China.

Battery manufacturer Northvolt has laid off most of its employees as part of the ongoing insolvency proceedings. Approximately 1,700 employees will remain in Sweden.

According to the company, Samsung SDI has launched series production of 46-series cylindrical cells more than a year ahead of schedule.