Northvolt raises $1.1 billion for its factory rollout plans
July 05, 2022Northvolt today announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.
A new European giga factory is on the way
July 04, 2022Impact Clean Power Technology begins construction of GigafactoryX, a "giant" battery factory for electric vehicles in Poland said to make the company one of the largest producers of battery systems for transportation in Europe.
LGES pulls the brake on U.S. investments for the time being
July 01, 2022South Korean battery manufacturer LG Energy Solution is reportedly reassessing investments of 1.3 billion dollars in a plant in Arizona because of an ”unfavorable economic situation” in the USA.
Scania to accelerate electrification with Keysight
June 29, 2022Swedish manufacturer of heavy transport vehicles, Scania, establishes a battery laboratory with Keysight’s Scienlab battery test solutions.
UK battery producer increases production capacity
June 28, 2022Peterlee-based Alexander Battery Technologies, which manufactures customisable battery packs and chargers, has converted two 20,000 sq. ft buildings into a modern production facility and a warehouse.
BASF expands production capacity in China
June 21, 2022BASF Shanshan Battery Materials Co., Ltd. (BSBM) – a BASF majority-owned company in China – is expanding its battery materials capacity in Changsha, Hunan Province, and Shuizuishan, Ningxia Province, to meet the local and global demands of the EV industry.
TÜV Rheinland opens test centre for EV drive batteries
June 20, 2022TÜV Rheinland has opened a new European test center for electrical vehicle drive batteries at the Dutch–German Avantis business park.
PMIC demand stable in 2H22 considering automotive demand
June 17, 2022According to TrendForce, market conditions in 1H22 were chaotic and there was disparate demand for chips of varying functionality. Given the global development of electronic devices and power systems, the overall demand for power management ICs (PMIC) is still relatively good.
Rimac raises €500 million as it looks to expand production
June 07, 2022Croatian electric hypercar manufacturer, Rimac, has raised EUR 500 million in its Series D investment round, valuing the company at over EUR 2 billion.
Infineon and pmd develop 3D depth-sensing for Magic Leap 2
May 31, 2022Later this year, AR company Magic Leap is expected to introduce its newest AR device, the Magic Leap 2. One of the key features of Magic Leap 2 is the 3D indirect-Time-of-Flight (iToF) depth sensing technology that was co-developed by Infineon Technologies.
Britishvolt partners with Prologis to build £200m scale up facility
May 31, 2022Battery manufacturer Britishvolt announces that it has partnered with logistics real estate operator Prologis to build its UK battery cell scale-up facilities in the West Midlands.
ElringKlinger to supply battery systems for fast-charging stations
May 31, 2022ElringKlinger will supply battery systems for protoypes of a grid-autonomous fast-charging stations developed by Schäfer Elektronik GmbH.
Johnson Matthey sells part of its Battery Materials business
May 27, 2022Johnson Matthey has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group.
Stellantis and Samsung SDI to invest over $2.5 billion in JV
May 27, 2022Stellantis and Samsung SDI will establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 GWh, with an aim to increase it 33 GWh in the next few years.
Daimler Truck acquires a stake in Manz
May 26, 2022Manz AG has gained a strong cooperation partner and new anchor shareholder in Daimler Truck AG. The German auto-giant invested in Manz AG as part of a capital increase and now holds approximately 10% of the company's share capital.
Britishvolt acquires German battery cell maker for €36 million
May 26, 2022Britishvolt is expanding to Germany following the signing of a deal to acquire German battery cell developer and manufacturer EAS from Bulgaria's Monbat for EUR 36 million.
VW adds to its EV network with a second German site
May 25, 2022Volkswagen is pressing ahead with gearing its plants to electric mobility. Volkswagen is expanding its global production network for electric vehicles by starting to make the all-electric ID.4 in Emden.
InnovationLab acquires flexible printed battery technology from Evonik
May 24, 2022German printed electronics specialist, InnovationLab, has acquired the TAeTTOOz printable battery technology from Evonik.
Hyundai to set up EV plant & battery manufacturing in the USLoad more news
May 24, 2022The South Korean automaker is looking to invest USD 5.54 billion to construct full electric vehicle and battery manufacturing facilities in Georgia, USA.