Battery Production

Stellantis and CATL have agreed on a joint venture to build a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain, worth four billion euros.

Lead Intelligent Equipment plans to become carbon neutral in its core business by 2035 through energy efficiency, clean energy, electrification, and digital energy management.

The U.S. Department of Energy has announced a conditional commitment for a 7.5-billion-dollar loan to StarPlus Energy for the construction of two lithium-ion battery gigafactories in Indiana.

LG Energy Solution and General Motors (GM) will jointly develop prismatic battery cells for electric vehicles. In addition, LG will acquire GMʼs shares in an Ultium Cells battery factory.

MAN Truck & Bus has celebrated the topping-out ceremony for its new battery plant in Germany, with mass production of bus and truck batteries scheduled to begin in April 2025.

Swedish battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US with debts of 5.8 billion dollars and only 30 million dollars in cash.

US battery cell manufacturer Lyten has acquired the production assets of former lithium metal battery manufacturer Cuberg in California and will be converting the facility to lithium-sulfur battery production.

LG Energy Solution will be supplying 4695-size cylindrical batteries with a total capacity of 67 gigawatt-hours to US automotive manufacturer Rivian over a five-year period.

Volvo Cars has announced that it will take full control of NOVO Energy, its battery joint venture with Northvolt, exercising its right to buy back shares.