Right now, the world is seeing the equivalent of what could only be termed a gold rush to build battery factories, and these plants will be able to produce many more cells than the global economy could conceivably need or use in the coming decade. That warning comes from a new report from BloombergNEF, but… Read more »
Search Results Found For: "battery factor"
ABB to support Gotion’s battery factories for European and US EV markets
ABB and Gotion High-Tech have agreed to cooperate on the construction of large-scale battery factories to serve the European and US EV markets. ABB will collaborate with Gotion to supply a master design plan combining automation, electrification and digital technologies. Gotion High-Tech, in which Volkswagen has a 26.5 percent stake, is set to open a… Read more »
Factorial Energy opens solid-state battery factory in Massachusetts
Factorial Energy, a developer of solid-state battery technology for EV applications, has opened a new battery manufacturing facility in the Boston suburb of Methuen, Massachusetts. The new plant represents a significant step in scaling up the production of Factorial’s solid-state battery technology for EVs. Factorial says its proprietary FEST (Factorial Electrolyte System Technology) quasi-solid-state batteries… Read more »
Honeywell supports American Battery Factory’s new Gigafactory
Honeywell has announced that American Battery Factory (ABF), a lithium iron phosphate (LFP) battery cell manufacturer, is integrating Honeywell’s automation and process safety solutions in its new gigafactory located in Tucson, Arizona. ABF will streamline its production process and workflow with Honeywell’s Experion Batch manufacturing platform and integrated remote operations at the two-million-square-foot facility. ABF… Read more »
American Battery Factory and First Phosphate to produce LFP cathode active material in North America
American Battery Factory (ABF) has partnered with Canadian mineral development company First Phosphate to produce more than 40,000 tons of lithium iron phosphate (LFP) cathode active material (CAM) annually for the battery storage sector in North America. The agreement envisions LFP CAM manufacturing of $500 million to $1 billion annually at future raw material costs…. Read more »
American Battery Factory raises capital to develop LFP battery gigafactory in Arizona
American Battery Factory (ABF), a battery manufacturer that plans to build a network of lithium iron phosphate (LFP) battery cell gigafactories in the US, has raised significant development capital in Series A funding. ABF will use the funds to secure production equipment and security technology needed for the first development phase of its recently announced… Read more »
AESC to build new EV battery factory in South Carolina
Japan-based battery AESC recently broke ground for a clean-energy-powered battery plant in Florence County, South Carolina. Construction has commenced on the 1.5-million-square-foot 30 GWh facility, and operations are slated to start in 2026. With its currently operating plant in Tennessee and another under construction in Kentucky, AESC projects a collective US production capacity of up… Read more »
Honda and LG Energy Solution to build battery factory in Ohio
In February, Honda and South Korea-based battery maker LG Energy Solution held a groundbreaking ceremony for a new joint-venture EV battery plant near Jeffersonville, Ohio. The companies say they have committed $3.5 billion to the project, and overall investment is projected to reach $4.4 billion. Plans call for the facility’s completion by the end of… Read more »
LeydenJar secures €30 million in EU financing for new battery factory
Dutch battery manufacturer LeydenJar has secured a €30-million European Investment Bank (EIB) loan to help build its first factory for the production of silicon anode foil. The company will invest a total of €60 million in the construction of the 100 MWh facility, aptly named “Plant One.” The production facility is expected to be built… Read more »
Panasonic Energy constructing EV battery factory in Kansas
Panasonic Energy has begun construction on a facility in De Soto, Kansas, to produce 2170 cylindrical battery cells. The company plans to begin mass production by March 2025 and, after completion of the facility, hopes to maintain annual total production capacity of approximately 30 GWh. Two contractors from the Kansas City area, Emery Sapp &… Read more »