Battery Production

Forge Battery will receive a grant of 100 million dollars from the US Department of Energy for financing the expansion of its existing gigafactory in North Carolina.

LG Energy Solution will supply Aptera Motors with 4.4 gigawatt-hours of battery cells for solar electric vehicles between 2025 and 2031. The modules and packs come from CTNS.

Following a shareholder vote in Stockholm, Swedish battery manufacturer Northvolt will continue its operations despite considerable financial difficulties.

Mazda is going to build a factory to produce modules and packs for cylindrical lithium-ion batteries in Japan. The required battery cells will be supplied by Panasonic Energy.

Chinese battery manufacturer SVOLT has taken over the entire management of its European subsidiary. It is currently unclear whether the company will implement its original plans in Saarland, Germany.

Innovation Norway has granted Morrow Batteries a credit line worth 131 million US dollars to scale up and further develop battery production in Norway.

The US Department of Energy has granted BlueOval, a joint venture by Ford and SK On, a loan of up to 9.63 billion dollars for three battery factories in Tennessee and Kentucky.

By investing around one billion euros, Stellantis and Mercedes-Benz are to secure financing for the second production line of the Automotive Cells Company (ACC) gigafactory in northern France.

EVE Energy claims to have commissioned the worldʼs largest factory for the production of battery cells for energy storage systems in China with an annual volume of 60 gigawatt-hours.