Battery Production

US sodium-ion battery manufacturer Natron Energy has ceased operations. This also means the planned large-scale factory in North Carolina is no longer viable.

South Korean battery manufacturer SK On will supply US company Flatiron Energy with battery storage systems with a total capacity of up to 7.2 gigawatt-hours by 2030.

LG Energy Solution and Mercedes-Benz have signed multi-year battery supply agreements covering 32 gigawatt-hours in Europe and 75 gigawatt-hours in the United States.

LG Energy Solution will be supplying Vietnamese automobile company Kim Long Motor with cylindrical NMC battery cells for electric buses.

On November 25th and 26th, the Future Battery Forum will bring together executives from the European battery industry for the sixth time. Early registration is open until September 15th.

Porsche has definitively canceled its intended battery production at Cellforce. The subsidiary will remain in place as an independent research and development unit for battery cells and systems.

The BlueOval SK joint venture by Ford and SK On has started commercial production at its Kentucky 1 plant in Glendale in the United States.

Over the next two years, US car manufacturer General Motors will source lithium iron phosphate batteries from Chinese manufacturer CATL. According to GM, this is a temporary solution until the company establishes its own production capacity for LFP cells in the US. Production is scheduled to begin in 2027 as part of a joint venture with LG Energy Solution in Tennessee. The import is for the new Chevrolet Bolt model, which will be produced at the Fairfax plant in Kansas by the end of 2025 and be released in 2026. This model will be the group’s most affordable electric vehicle. The import of these battery cells will be subject to an import duty of around 80 percent. These duties result from tariffs on foreign car parts introduced under the Trump administration. However, the elimination of US federal subsidies for electric vehicles of foreign origin means there is no longer a potential price disadvantage compared to competing models with US manufactured cells. GM emphasizes that twelve of its electric vehicles are currently equipped with US-manufactured batteries. The Chevy Bolt represents a departure from GM’s previous battery strategy, which relied on uniform, expensive cell chemistries for all models. Since 2024, the battery development program is under new management that promotes a broader range of cells, including LFP technology. GM emphasizes that its collaboration with CATL is only temporary, intended to bridge the gap until US production begins. Source:https://www.wsj.com/business/autos/gm-bolt-china-ev-batteries-1562e2f7

US battery company Lyten has entered into a binding agreement to acquire the remaining Northvolt assets in Sweden and Germany. These include the Northvolt Ett and Ett Expansion plants in Skellefteå, the Northvolt Labs facility in Västerås, and the Northvolt Drei plant in Heide. In addition to the physical locations, the transaction includes Northvolt’s remaining intellectual property. Financial details have not been disclosed. However, Lyten estimates the value of the acquired assets at approximately $5 billion USD. The acquisition will be financed entirely through equity. Lyten reports that the production capacity of the acquired sites is 16 GWh, with an additional 15 GWh under construction. Once the transaction is complete, Lyten plans to resume operations in Skellefteå and Västerås as soon as possible. Most of the previously laid-off workers will be rehired. Northvolt Drei in Heide to be Completed In Heide, Lyten is working with the authorities and Northvolt to continue the program to build the battery factory. The company plans to open the plant in Schleswig-Holstein with an initial capacity of 15 GWh. Originally, Northvolt’s plans entailed a final expansion stage with a capacity of 60 gigawatt hours. The entire transaction is still subject to regulatory approvals in Sweden, Germany, and by European authorities. Completion of the deal is expected in the fourth quarter of 2025. Purchase Plans for Canada Lyten also plans to acquire the Northvolt Six site in Quebec. The plant, with a planned capacity of 15 GWh, is currently under construction. According to the company, discussions are underway with Canadian authorities and partners.  Lyten has previously acquired Northvolt facilities in Poland and the United States, including a battery energy storage system manufacturing plant in Gdańsk, Poland, and a battery production facility in California. Source:https://lyten.com/2025/08/07/lyten-to-acquire-all-remaining-northvolt-assets-in-sweden-and-germany/

US lithium-sulfur battery manufacturer Lyten has raised over US$200 million in additional equity capital. The funds will primarily finance the company’s expansion and acquisition strategy in Europe and the US. According to the company, the majority of these funds come from existing investors. Lyten reports that the total equity raised now amounts to over $625 million. As part of its expansion strategy, Lyten revealed in July it would acquire the Northvolt Dwa BESS production facility in Poland. Now, the company is acquiring Northvolt Systems’ energy storage product portfolio. This also involves integrating key members of the local development team. Last year, Lyten had already acquired Northvolt’s subsidiary Cuberg’s battery production business in California. Production in Gdańsk to Begin at End of 2025 With access to Northvolt’s products, such as Voltpack Mobile Systems and Voltrack, Lyten is expanding its range of stationary battery storage solutions. According to Lyten, the company intends to resume production in Gdansk immediately after the transaction with Northvolt Dwa is finalized. The first deliveries are scheduled for the fourth quarter of 2025. Initially, the target markets are existing customers in Europe, followed by global applications in data centers, industry, and grid operations. Source:https://lyten.com/2025/07/28/lyten-secures-more-than-200-million-in-investment-to-support-its-ongoing-acquisition-strategy/