The Chinese battery cell manufacturer Gotion High-Tech has presented a battery cell based on lithium manganese iron phosphate (LMFP), intended to help electric cars achieve ranges of 1,000 kilometres according to Chinese standards.
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South Korean chemical company LG Chem has revealed its plans to increase its battery materials sales more than six-fold by 2030. The company’s new business strategy will expand its portfolio beyond cathode materials.
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North American distributor of commercial vehicle batteries for CATL, Coulomb Solutions, has announced plans to set up a US manufacturing facility to assemble commercial vehicle battery packs with CATL’s LFP cells.
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The Chinese battery cell manufacturer Gotion High-Tech will in future also supply Volkswagen with LFP cells outside China. The order, the size of which is not yet known, includes unit cells with LFP chemistry and the same specifications as in China. One possible model could be the ID.2.
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Motiv Power Systems is launching the second generation of its electric trucks for medium-duty fleets. It will build on the previous generation will be “engineered to meet today’s fleet needs while embracing the latest EV technology.”
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Canadian battery developer Nano One Materials has released an update on its plans for LFP and other cathode materials. Nano One plans to systematically accelerate the commercialisation of its One Pot process, starting with 200 tonnes per year.
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The Serbian company ElevenEs has opened a plant for the production of battery cells. It is located in Subotica, Serbia, and specialises in the production of prismatic LFP cells. By 2024, the plant is to be expanded into a “mega-factory” with a production capacity of 500 MWh.
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BYD is planning to build a battery material factory in Chile. That is according to the Chilean economic development agency CORFO. The South American country wants to put the lithium industry under state control – but BYD, among others, could be given preferential treatment.
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Swiss eMobility specialist Designwerk has confirmed using LFP battery cells in an electric truck from next year. In the meantime, Designwerk has also published the first details about the battery and the vehicle in which the LFP battery will be offered.
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BYD is gearing up to release two more electric models to Europe with the Dolphin and Seal. The Dolphin will be available from June/July and the Seal from August/September. Technical details are now available for both models.
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Tesla published the complete Master Plan 3 a few days ago. It contains some new information about upcoming models. In addition, there was another price reduction in the USA and changes in top management.
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IBU-Tec Advanced Materials has won another customer for its LFP battery material. It signed a contract with an unnamed “renowned global automotive group for the development and production of battery material for electromobility”.
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Tesla and the Chinese battery manufacturer CATL are considering building an LFP battery plant in the USA. According to media reports, the US carmaker discussed the matter with US politicians to see how the US Inflation Reduction Act would apply.
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Korean carmaker Hyundai will likely launch its first electric model with lithium iron phosphate (LFP) batteries this year. Additionally, Kia has announced that the second-generation Kia Ray EV minivan will use LFP batteries made by CATL.
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EAS Batteries, the Karlsruhe Institute of Technology (KIT) and EdgeWave have joined forces to significantly improve the performance of lithium-ion round cells. The project will run for three years and ends on 31 January 2026.
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Ford will offer its Mustang Mach-E electric model in Europe with LFP battery cells before the end of 2023. Detailed technical aspects and prices for the electric SUV with the new battery variant have yet to be made available. But the manufacturer surprises with a statement on charging performance.
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According to a British media report, VW’s small electric car planned for 2025 will be called the ID. Golf and be the first model to use the MEB+ platform. Apparently, there will be a new study of the model in March – with the revised design and possibly a new name.
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BYD plans to open another factory for its Blade Batteries with lithium-iron-phosphate (LFP) cells in China. According to an environmental audit report, BYD subsidiary FinDreams Technology will invest billion yuan (about 1.2 billion dollars) into the new 40-GWh production facility.
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Ford is investing 3.5 billion dollars in a new plant for lithium iron phosphate (LFP) batteries in the US state of Michigan. It is working with Chinese battery maker CATL, who will licence the technology to Ford and provide technical assistance.
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The Cenntro Electric Group, a company specialising in electric commercial vehicles, has started producing its own battery packs. These will be assembled at Cenntro’s plant in Freehold in the US state of New Jersey and at the German plant in Herne.
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US battery startup Our Next Energy (ONE), backed by BMW, among others, has closed a $300 million funding round. The Series B funding round resulted in a company value of over $1 billion.
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The Chinese battery manufacturer CATL has announced investments of up to 23.8 billion yuan (about 3.25 billion euros) in the construction of a large industrial park for the recycling of battery raw materials and their further processing for new batteries.
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The Norwegian investment company Valinor founded Elinor Batteries with plans to build a gigawatt-scale factory for LFP batteries in central Norway. The cells are to be purposed for stationary storage for EV charging and marine applications, among other things.
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The Chinese lithium and battery producer Ganfeng Lithium is investing 15 billion yuan in two new battery factories to increase its production capacities by 34 GWh to around 100 GWh per year. Converted, the investment amounts to 2.2 billion euros.
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The Chinese battery cell manufacturer Eve Energy, whose customers include BMW, is preparing to build two new production facilities in China with an annual capacity of 20 and 23 gigawatt-hours – the latter will explicitly produce LFP batteries.
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The US state of Virginia is taking itself out of the running for the factory being considered by Ford and CATL to produce LFP battery cells for electric cars. Specifically, Virginia Governor Glenn Youngkin has decided not to subsidise such a project – out of concern for Chinese influence.
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The budding Norwegian battery cell manufacturer Freyr announced its first customer in the e-mobility sector: Impact Clean Power Technology (ICPT), a Polish manufacturer of battery systems for heavy-duty vehicles. The framework agreement between Freyr and ICPT is not yet binding, however.
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Chinese smartphone manufacturer Xiaomi is now moving forward with its electric car plans. According to Chinese media, the first of the four planned Xiaomi power cars will be an electric sedan to compete with the Tesla Model 3.
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CATL and Ford are considering jointly building a US factory for LFP batteries. According to an agency report, the production facility will be fully owned by Ford but operated by CATL. This could make the plant eligible for subsidies from the US government under the Inflation Reduction Act.
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The Chinese car company GAC has started building a production facility for electric car batteries in Guangzhou. With a total investment of 10.9 billion yuan (1.5 billion euros or $1.561 billion), the new factory is scheduled to go into operation in March 2024 with an annual production capacity of 6 GWh.
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