Gotion to set up battery plants in Morocco, Slovakia
With a combined investment of approximately 2.514 billion euros ($2.6 billion), the move signals Gotion''s commitment to expanding its international presence in the fast
Stellantis and CATL to Invest Up to €4,1 Billion in Joint Venture
READ the latest Batteries News shaping the battery market. Stellantis and CATL to Invest Up to €4,1 Billion in Joint Venture for Large-Scale LFP Battery Plant in
European Commission and EIB announce new partnership to
Today, the European Commission and the European Investment Bank (EIB) are announcing a new partnership to support investments in the EU''s battery manufacturing
Chinese battery firm CALB leads new foreign
A planned lithium battery factory in the port of Sines leads a raft of new foreign direct investment (FDI) projects secured by Portugal in 2023. The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such
Lotte Chemical to Invest $2.3bn in Copper Foil for EV Batteries
Lotte Chemical plans to boost production of copper foil for electric vehicle batteries, the South Korean company, in an investment expected to reach 3 trillion won ($2.3
Rio Tinto Set to Invest $2.5B for Rincon Project in Argentina
Rio Tinto Group RIO announced that it would invest $2.5 billion in its first commercial-scale lithium operation, the Rincon project, in Argentina. This move is in sync with
One of the largest energy projects in the US just went live —
Mojave, California, is now home to one of the most ambitious solar and battery projects in the United States. In December 2024, Electrek reported that Arevon Energy''s Eland
UK battery strategy (HTML version)
Bentley has announced a £2.5 billion investment to produce its first EVs in Crewe by 2026 This includes 2 Battery Workforce Training Initiatives focussing on the
Rio Tinto to invest US$2.5 billion in lithium production
Anglo-Australian mining giant Rio Tinto on Thursday announced an investment of US$2.5 billion to ramp up domestic production of lithium carbonate, a key ingredient in
Samsung SDI to Invest $2 Billion in Second Stellantis
Samsung SDI to Invest $2 Billion in Second Stellantis Battery JV Plant Samsung SDI and Stellantis are currently building the first plant, with production expected to start in early 2025 By
LG Energy Solution to Invest KRW 7.2 Trillion to Build Battery
SEOUL, March 24, 2023 – LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing
Volkswagen to Invest $5 Billion in Indonesia Plant to Capture Key
Volkswagen to invest $5 billion in Indonesia plant to capture key raw material for batteries. According to Indonesian media Kumparan, Ikmal Lukman, secretary-general of the
Stellantis and Samsung SDI to Invest Over $2,5 Billion
Stellantis and Samsung SDI to invest over $2,5 billion in joint venture for lithium-ion battery production plant in United States. Stellantis N.V. and Samsung SDI announced that
LGES to supply Toyota with batteries, invest $3 billion in US plant
LGES also is a partner with General Motors in the Ultium battery joint venture, which is building a separate $2.1 billion plant in Lansing, Michigan to supply GM''s electric
Indonesia Forms $1.2 Billion Battery Venture with China''s CATL
(Bloomberg) -- Indonesia announced a joint venture with China''s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery production in the
Rio Tinto to invest $2.5bn in latest commitment to lithium
Rio''s investment in Rincon, which extracts lithium from brines pumped up out of the earth, will fund a commercial-scale plant producing 60,000 tonnes of battery-grade
Sunwoda plans to invest 2 billion yuan in the construction of a
Sunwoda announced that the company plans to set up Viet Nam Liwei Co., Ltd. through its subsidiary Hong Kong Xinwei, and invest in the construction of Viet Nam Liwei
Japan Investing $2.4B to Boost EV Battery Production
On September 6, 2024, the Japanese government announced plans to increase subsidies for electric-vehicle (EV) battery production, committing up to $2.4 billion in support for projects led by Toyota Motor and other major companies.
Nissan triples investment in electric vehicle production in the UK
Nissan is delivering up to £2 billion of new investment to produce two new electric This builds on the £1 billion electric vehicle hub announced by Nissan and their
Toyota (TM) to Invest $2.5B More in North Carolina for Batteries
Toyota''s (TM) investment of an additional $2.5 billion in the North Carolina facility will ramp up battery development. It also pledges $5.6 billion for U.S. and Japan for
Stellantis, CATL to Invest $4.33 Billion in EV Battery
Jeep maker Stellantis and Chinese battery maker CATL plan to invest up to 4.1 billion euros ($4.33 billion) to build a plant in Spain to develop low-cost EV batteries, seeking
Chinese battery firm CALB leads new foreign
China Aviation Lithium Battery (CALB) will invest 2 billion euros in the state-of-the-art factory – its first in Europe. Set to begin production in early 2026 with an initial annual capacity of 15 GWh, it will expand in 2028 to 45 GWh, with the
Stellantis, China''s CATL to invest $4.33 billion in EV battery
MADRID (Reuters) -Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe''s largest electric vehicle battery factories in
Gotion To Build $2 Billion EV Battery Factory In Illinois
The company selected Manteno, Illinois as the location for a $2 billion investment, which according to Governor JB Pritzker, is expected to bring more than 2,600 new jobs. The size of
EU Commission, EIB to invest in European battery manufacturing
The partnership will offer one billion euros (1.05 billion U.S. dollars) of grants to support electric vehicle battery cell manufacturing via the EU''s Innovation Fund and an
LGES to supply Toyota with batteries, invest $3 billion in US plant
LGES also is a partner with General Motors (NYSE: GM) in the Ultium battery joint venture, which is building a separate $2.1 billion plant in Lansing, Michigan to supply
One of the largest energy projects in the US just went live
Together, the two phases will offer 758 megawatts of solar capacity and 300 megawatts/1,200 megawatt hours of energy storage, all backed by an impressive $2 billion investment.
2.9 billion euro fund for research and innovation in battery
With up to EUR 2.9 billion in funding, the project supports research and innovation that covers the entire battery value chain, from extraction of raw materials to recycling. The project involves 42
6 FAQs about [Invest 2 billion in batteries]
Why is the UK investing in battery manufacturing?
The UK government is committed to continuing to invest in UK battery manufacturing. This strategy builds on our impressive track record of targeted government support, leading to a pipeline of investments through the battery ecosystem:
How much money will Portugal invest in a new lithium battery?
The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such investment in Portugal since 2016. China Aviation Lithium Battery (CALB) will invest 2 billion euros in the state-of-the-art factory – its first in Europe.
Why should we invest £38 million in the UK battery Industrialisation Centre?
Invest an additional £38 million to enhance the UK Battery Industrialisation Centre development facilities, boosting its capability for research and development in new chemistries and future technologies. This builds on our know-how in lithium-ion solutions and enables the scale-up of emerging innovations.
How much will Toyota Motor Invest in a new battery?
Toyota Motor will play a central role in this effort, with plans to invest approximately 245 billion yen (about $1.7 billion) alongside its battery subsidiaries, Prime Planet Energy & Solutions and Primearth EV Energy. The investment will increase Toyota’s production capacity for both solid-state and prismatic batteries by an additional 9 GWh.
What is the future of battery production in the UK?
‘UK Electric Vehicle and Battery Production Potential to 2040.’ 2022. ↩ McKinsey Battery Insights Team. ‘ Battery 2030: Resilient, Sustainable and Circular.’ 2022. ↩ HM Government. ‘ Transitioning to zero emission cars and vans: 2035 delivery plan. ’ 2021. ↩
Will Japan increase subsidies for EV battery production in 2024?
Driving electric vehicle adoption On September 6, 2024, the Japanese government announced plans to increase subsidies for electric-vehicle (EV) battery production, committing up to $2.4 billion in support for projects led by Toyota Motor and other major companies.