Volkswagen Group and Cambridge, Massachusetts-based battery developer 24M Technologies have formed a strategic partnership under which VW will manufacture EV batteries using 24M’s SemiSolid platform. VW has acquired a 25% stake in 24M, and will establish a wholly-owned subsidiary that will collaborate with 24M to develop SemiSolid battery cell production technology for automotive applications. “The… Read more »
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FREYR and Nidec finalize battery manufacturing JV, release results of cell testing
In September, FREYR Battery and Japanese electric motor producer Nidec announced plans to establish a downstream joint venture to produce battery modules and packs. Now the new JV, Nidec Energy, has been officially established. Mass production is expected to commence in 2025, and the goal is to manufacture more than 8 GWh per year of… Read more »
FREYR Battery to use Aleees technology to produce LFP active cathode material
Cell manufacturer FREYR Battery has entered into an agreement with Aleees, a Taiwan-based LFP cathode battery material producer. The agreement gives FREYR a worldwide license to produce and sell LFP cathode material based on Aleees’s technology, and to build production facilities using Aleees’s industrial expertise. Aleees offers complete LFP cathode battery material manufacturing technology and… Read more »
FREYR Battery to build gigafactory in Norway
FREYR Battery is replacing its plan to build two gigafactories with a plan to build a single gigafactory which increases capacity by 150%. The estimated construction cost will be $1.7 billion. “FREYR is increasing the nameplate capacity of Giga Arctic to 29 GWh in response to improving battery supply-demand dynamics, ongoing commercial success, significant progress… Read more »
Volkswagen Group announces three major new battery initiatives
Automakers that are serious about producing EVs understand that they need to build new supply chains, including major battery manufacturing capacity and secure sources of raw materials. The Volkswagen Group has been steadily turning up the voltage, raising its planned investment in EV and self-driving technologies to 73 billion euros ($86 billion) over the next… Read more »
FREYR and Koch Strategic Platforms to build 50 GWh battery plant
FREYR Battery has formed a joint venture with Koch Strategic Platforms (KSP) to develop an initial 50 GWh of battery cell manufacturing capacity in the US based on 24M Technologies’ SemiSolid platform technology. KSP and FREYR have invested $70 million in convertible notes with 24M. 24M’s SemiSolid technology reduces the number of steps required to… Read more »
FREYR building Customer Qualification Plant to produce battery cells in Norway
FREYR Battery will proceed with the construction of its Customer Qualification Plant (CQP) and first battery cell production line in Mo i Rana, Norway. Preparatory work on the facility is already ongoing, and operations are scheduled to begin in the second half of 2022. The CQP production line is based on 24M Technologies SemiSolid lithium-ion… Read more »
ARPA-E awards $3.5 million to develop ultra-high-energy density batteries
The DOE’s Advanced Research Projects Agency-Energy (ARPA-E) has awarded $3.5 million in funding to a team that includes 24M, Sepion Technologies, Berkeley Lab, and Carnegie Mellon University. The funds will be used to develop novel membranes and lithium-metal anodes for a new generation of high-energy-density batteries. 24M’s core technology is semi-solid lithium-ion, a new class… Read more »