Battery Production

Chinese battery manufacturer EVE Energy has started production of cylindrical cells for power tools and electric two-wheelers at its first overseas plant in Malaysia.

Swedish battery manufacturer Northvolt has agreed to sell its heavy industry battery systems business to Swedish truck manufacturer Scania.

After a 200-million US dollar investment and nine months of construction, Tesla has begun Megapack energy storage production on 200,000 square feet in Shanghai.

The Investment Management Corporation of Ontario (IMCO) has written off its massive investment in Northvolt. The same applies to other pension funds from Canada and Europe.

Toyota will soon be starting production of electric vehicle batteries at its new plant in the US state of North Carolina. The facility is Toyotaʼs first battery factory outside Japan.

FREYR Battery from Norway has abandoned its plans to build a 2.6-billion-dollar gigafactory in the United States due to multiple reasons such as market developments.

Volvo Cars will take full control of the NOVO Energy battery joint venture without paying a purchase price to Northvolt as part of a broader agreement.

Southern Californian electric vehicle manufacturer Mullen Automotive has acquired production facilities from Nikola to start battery production in the second half of 2025.

The European Commission will be funding the construction of a gigafactory by AESCʼs French subsidiary in Douai with 48 million euros.

US-based Octillion Power Systems has inaugurated a 3,700-square-meter plant for the production of battery systems with an annual capacity of up to one gigawatt-hour in Reno.