Battery Production

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.

Volvo Cars has taken full control of the battery joint venture NOVO Energy by acquiring the shares of Northvolt, which had already stopped funding most of its joint ventures in 2024.

ProLogium from Taiwan has received approval for its planned gigafactory in Dunkirk, France, where mass production of its lithium ceramic batteries is set to begin in 2027.

Nissan plans to expand its production in the USA and to therefore purchase batteries for around 300,000 electric vehicles from South Korean manufacturer SK On, starting in 2028.