ONE closes funding round with $300 million
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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CATL invests €3.25 billion in recycling plant in China
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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Elinor Batteries to make LFP batteries in Norway
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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Ganfeng to reach 100 GWh annual capacity with two new factories
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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Eve Energy announces plans for 2 more battery factories in China
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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Virginia decides against CATL-Ford battery factory
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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Impact Clean Power to source battery cells from Freyr
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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Xiaomi to debut electric sedan by the end of 2023
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 & Ford are looking at jointly operating a battery factory
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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GAC breaks ground on battery plant in China
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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CA: Sparkz opens Livermore battery plant to customers
US battery manufacturer Sparkz has cut the ribbon at its Livermore facility in California. First opened as a pilot plant, it is now open for customers looking to produce zero-cobalt and zero-nickel batteries.
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Battery prices rise for the first time since 2010
In its current analysis of battery prices, BloombergNEF has recorded the first increase since the start of the evaluations in 2010. The experts attribute this to the increased prices for raw materials and battery components as well as high inflation.
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American Battery Factory to build first factory in Arizona
After announcing plans to build a network of LFP battery factories in the USA in March, American Battery Factory (ABF) has now decided on the location of the first of these factories.
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IBU-Tec announces commercial EV development order
IBU-Tec Advanced Materials, which claims to be the only manufacturer of LFP battery materials in Europe, has received a major development order. IBU-Tec is to develop a new LFP cathode active material for an unnamed international commercial vehicle manufacturer.
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VinFast & Gotion to build battery factory in Vietnam
In Vietnam, construction has begun on the country’s first production facility for LFP battery cells. This is being built as part of a joint venture between VinES Energy Solutions, a subsidiary of the Vietnamese conglomerate Vingroup, and the Chinese battery manufacturer Gotion High-Tech.
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Bollinger to fit commercial vehicles with ONE batteries
Bollinger Motors has contracted Our Next Energy (ONE) to supply battery packs for its commercial vehicle platforms. The US battery start-up’s Aries packs with LFP chemistry will be installed in Bollinger’s electric vehicles at the anticipated start of production in late 2023.
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Gotion High-Tech announces plans for two more battery plants
The Chinese battery cell manufacturer and Volkswagen partner Gotion High-Tech is planning two new factories to further expand its production capacities in China. This involves both LFP cells, in which Gotion specializes – but also NMC batteries.
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Cellforce plans to significantly expand battery production capacities
The Cellforce Group, the battery joint venture between Porsche and Customcells, has laid the foundation stone for its development and production facility near Reutlingen-Kirchentellinsfurt. In the course of this, it was also announced that production capacity is to be increased tenfold.
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Our Next Energy details plans for Michigan battery plant
The battery startup Our Next Energy (ONE), backed by BMW, has confirmed Michigan as the location for its first US facility, following earlier news on state funding. Now ONE adds the missing details.
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Freyr & Aleees sign agreement for LFP cathode materials
The Norwegian battery company Freyr has concluded a licence and service agreement with Aleees, a Taiwanese manufacturer of LFP cathode materials. A previously planned joint venture now seems to be off the table.
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Cummins shows range of electrified solutions at IAA
US American drive builder Cummins completed the acquisition of Meritor in August and is already debuting Meritor motor systems combined with their LFP batteries at the IAA in Hanover. Another new battery system and hydrogen engines are also on display.
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BYD presents Blade battery adapted for electric buses
BYD presented its Blade battery platform for use in electric buses at the IAA Transportation. The space-saving design of the blade battery with CTP (Cell to Pack) technology is intended to enable a higher battery capacity while at the same time reducing the chassis weight.
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Freyr joins Nidec in Energy Storage Solutions business
Freyr has found its first major customer for battery cells from its debut factory in Rana, Norway. The Norwegian battery company struck a deal with the Japanese Nidec Corporation to supply 38 GWh of LFP battery cells from 2025 to 2030, with the option to increase the volume.
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Celgard separators for ABF’s LFP batteries in the US
Separator manufacturer Celgard has entered into a strategic cooperation agreement with American Battery Factory (ABF). Celgard will supply 100 per cent of ABF’s demand for separators for LFP battery cells in the US.
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Tesla gears up to build additional Model Y variants in Germany
Tesla has received EU type approval for a new variant of the Model Y with battery cells from the Chinese manufacturer BYD. The drive version is significantly lower than the previously offered Model Y Long Range and Performance.
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Tesla starts utilising BYD batteries at Giga Berlin
According to industry insiders, BYD has started supplying LFP cells to Tesla, specifically to the plant in Grünheide, Germany. The first batch of Tesla Model Ys equipped with BYD’s ‘Blade’ batteries are expected to roll off the assembly line at Giga Berlin in a month at the earliest.
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Tesla rumoured to use new batteries for the Model Y
According to Chinese media reports, Tesla will use improved LFP cells from CATL in the Model Y produced in China starting from next year. CATL will supply so-called ‘M3P’ batteries to Tesla for the first time for the Model Y with a 72 kWh battery from the fourth quarter of 2022.
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Ford claims to have amassed enough battery cells to last until 2023
Ford says it has secured all the battery cells it needs with a total capacity of 60 GWh per year to achieve an annual production rate of 600,000 electric cars by the end of 2023. In future, the American company will also use LFP cells from CATL.
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Gotion High Tech to make battery cells in Germany in 2023
The Chinese battery cell manufacturer and Volkswagen partner Gotion High-Tech has revealed details of its plans for the former Bosch plant in Göttingen that it bought last year. Gotion High-Tech says that Göttingen will become its first battery production and business operation headquarters in Europe.
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Foxconn begins building battery plant in Taiwan
Taiwanese contract manufacturer Foxconn has started building its first battery factory. The plant, located in Taiwan’s second-largest city Kaohsiung, is scheduled to start producing LFP cells with a planned capacity of 1.27 GWh in the first quarter of 2024.
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