Month: March 2023

LG Energy Solution to Invest $5.5 Billion to Build Battery Manufacturing Complex in Arizona, Step Up EV and ESS Battery Production in North America

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 complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate…
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March 27, 2023 0

Morrow Batteries and Eldrift signs MoU for long-term supply of Battery Energy Storage Solutions

Morrow Batteries (Morrow) and Eldrift have agreed to establish a long-term supply of batteries for Eldrift’s battery energy storage solutions. This partnership further strengthens Norway’s position as a hub for Europe’s battery and energy storage industry. Under the non-binding offtake agreement, Eldrift has committed to purchasing 1.5 GWh of Morrow’s batteries starting in 2024, when Morrow starts…
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March 22, 2023 0

Gigafactory Valencia: PowerCo gives starting signal for construction of second cell factory

PowerCo SE is taking the next step in building its global battery business: In the Spanish region of Valencia, the company today gave the starting signal for construction of its second PowerCo cell factory in the presence of His Majesty King Felipe VI, Spain’s President Pedro Sánchez and Ximo Puig, President of the Valencian Generalitat.…
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March 20, 2023 0

Morand unveils innovative fire protection system for battery packs

Vuadens, Switzerland… Swiss technology start-up Morand has launched an innovative fire protection system designed for modern battery packs. Understanding the complexity and danger of battery fires – particularly within applications like transport, marine, and aerospace – the company worked alongside Fire System SA to develop FS Security. Effective and inexpensive, FS Security is a universal solution to…
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March 14, 2023 0

CAR MAKERS NEED A START-UP MINDSET TO BOOST EV SALES, SAYS BATTERY PIONEER STOREDOT

Herzliya, Israel, 9th March 2023 StoreDot, the pioneer of extreme fast charging battery technology for electric vehicles, is encouraging global electric vehicle manufacturers to adopt more of a start-up mindset in order to bring transformational charging technologies onto the market quicker. StoreDot is now on track for mass production readiness of its 100in5 silicon-dominant extreme fast charging…
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March 9, 2023 0

TEVVA PARTNERS WITH ECOBAT FOR FIRST-LIFE BATTERY MANAGEMENT

Partnership starts with 12-month pilot for battery handling and repair with opportunity to expand into repurposing and recycling. London, 28 February 2023: British electric vehicle manufacturer Tevva has entered into a strategic partnership with Ecobat, the global leader in battery recycling, for the repair, repurposing and recycling of its lithium-ion batteries. The partnership kicks off with…
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March 2, 2023 0

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