Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production… Read more »
Search Results Found For: "battery plant"
LG Chem and KEMCO to produce battery precursor materials in South Korea
LG Chem has formed a joint venture with battery materials manufacturer Korea Energy Materials (KEMCO) to invest more than 200 billion KRW ($160 million) in the construction of a battery precursor materials production line in the Onsan Industrial Complex in Ulsan. Construction of the line is set to begin this July. The metals provided by… Read more »
Daimler Truck works with German machinery manufacturer Manz to develop battery tech
Daimler Truck has acquired a ten-percent stake in the German high-tech machine manufacturer Manz. The two companies will form a strategic partnership to establish a pilot line for the production of battery cells and the assembly of batteries at Daimler Truck’s Mannheim site. The aim is to develop innovative battery technology and associated production processes… Read more »
Group14 raises $400 million for silicon-carbon battery materials factory in US
Silicon-carbon battery tech supplier Group14 Technologies has raised $400 million in Series C funding, which it plans to use to open its second battery active materials factory in the US. The plant will produce the company’s proprietary SCC55 lithium-silicon battery material for Porsche subsidiary Cellforce Group, which will use it to begin producing battery cells… Read more »
Sila’s Washington anode material plant to begin production in 2024
Battery materials maker Sila Nanotechnologies will open an anode material plant in Moses Lake, Washington. The company claims its anode material boosts the energy density of lithium-ion batteries by 20%. The 600,000-square-foot hydro-powered facility will begin producing silicon-based anode material in the second half of 2024, and full production is scheduled for the first half… Read more »
Britishvolt wants to build battery gigafactories around the world
Battery “gigafactories” are under construction all over the world—and none too soon. As EV sales grow, it is critical to establish local battery production and shorten supply chains. However, state-of-the-art cell packaging and chemistries are evolving quickly these days. How will cell manufacturers future-proof their cell production facilities? How flexible will these new plants be… Read more »
Over 300 battery gigafactories in the global pipeline
As EV demand steadily grows, automakers and their suppliers are wisely hustling to increase battery production capacity—preferably close to their auto plants and markets. Benchmark Mineral Intelligence reports that there are currently over 300 battery gigafactories in the construction or planning stages around the world. This represents some 6,388 GWh worth of battery capacity, a… Read more »
6K secures $102 million in Series D funding to accelerate battery material production and recycling
6K, a producer of engineered materials for lithium-ion batteries, has raised $102 million in the first of two Series D funding tranches. The round was led by Koch Strategic Platforms, an investment arm of fossil fuel giant Koch Industries, with participation by investors Energy Impact Partners, Albemarle, HG Ventures and others. 6K will use the… Read more »
Statevolt to build 54 GWh battery gigafactory in California
Startup Statevolt, a sister company of Britishvolt and Italvolt, plans to invest $4 billion to construct a new battery factory in California’s Imperial Valley. The new company’s team will take advantage of “previous learnings in gigafactory design and engineering,” as well as “an ecosystem of established project development partners.” Statevolt is currently searching for the… Read more »
Envision AESC to build 30 GWh battery gigafactory in Kentucky
Japanese battery technology company Envision AESC has announced that it will invest $2 billion to build a new battery gigafactory in the Kentucky Transpark in Bowling Green. The new plant will cover approximately 3 million square feet, and will produce battery cells and modules for “multiple global automotive manufacturers.” It’s expected to have an annual… Read more »
