Battery Production

South Korean battery manufacturer Samsung SDI is set to supply lithium iron phosphate (LFP) batteries for stationary energy storage systems to North America for around 1.36 billion US dollars.

Under a new one-billion-dollar contract, LG Energy Solution will supply Mercedes-Benz with batteries in Europe and North America from 2028 to 2035.

Farasis Energy will equip two European models of the Chinese “GAC Aion” car brand with battery systems based on lithium iron phosphate (LFP) cells.

In Spain, CATL and Stellantis have begun construction on a four-billion-euro, 50-gigawatt-hour battery factory for LFP cells scheduled to go into operation in 2026.

Chinese battery manufacturer Gotion High-tech has begun series production of so-called unified cells for Volkswagen. The supply contract is valid from 2026 to 2032.

Beijing HyperStrong Technology will receive battery cells with a total capacity of at least 200 gigawatt-hours from CATL between early 2026 and late 2028.

From 2027, LG Energy Solution will be producing lithium iron phosphate (LFP) batteries for stationary energy storage systems (ESS) in its home country of South Korea.

Toyota has started battery production at its 13.9-billion-dollar gigafactory in North Carolina, where annual capacity is expected to reach around 30 gigawatt-hours by 2030.

SolarPower Europe has called on the European Commission to develop a specific action plan for battery storage capacity with the aim of increasing it tenfold by 2030.

Toyota has postponed the construction of a battery plant in Japan for the second time in order to reassess the project in 2026 and adjust its plans.