Category: Gigafactory

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

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

INOBAT AND GOTION SIGN MOU TO DEVELOP JOINT VENTURE EV BATTERY CELLS AND PACKS IN CEE

– Up to 40 GWh capacity – Chemistry solutions for electric vehicle batteries and energy storage solutions Bratislava, Slovakia; Hefei, China 7th January 2023: InoBat, the European pioneering supplier of premium batteries for electric vehicles, and Hefei Gotion High-Tech Power Energy Co.,Ltd (“Gotion”), innovative manufacturer of batteries and energy storage solutions in China, have signed a Memorandum of…
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February 21, 2023 0

TESVOLT INVESTS AROUND EUR 60 MILLION IN NEW GIGAFACTORY IN LUTHERSTADT WITTENBERG

Lutherstadt Wittenberg, 14 February 2023 – TESVOLT AG, one of the technology leaders for energy storage in the commercial and industrial sectors, is planning to build a new Gigafactory at its headquarters in Lutherstadt Wittenberg, Germany. The planned construction will include a highly automated production building for battery storage systems as well as a new…
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February 16, 2023 0

LG Energy Solution and Honda Formally Establish Battery Production Joint Venture

January 13, 2023 – LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda. The JV will begin construction of a new battery plant early this year with the goal of completion…
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January 20, 2023 0

FREYR Battery Announces Plans for U.S. Gigafactory in Georgia

New York, Oslo, and Luxembourg, November 11, 2022, FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The company selected the Bridgeport Industrial Park site through a rigorous evaluation process based…
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November 14, 2022 0

SVOLT builds additional battery cell factory in Brandenburg, Germany for European market

Frankfurt am Main / Lauchhammer, Germany, September 9, 2022 – Today, SVOLT Energy Technology Co., Ltd. (SVOLT), a global high-tech company with headquarters in China and with a European office in Frankfurt am Main, announced that it will build another battery cell factory for the European market in Lauchhammer (district of Oberspreewald-Lausitz in the German State…
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September 12, 2022 0

Toyota announces major investment in battery production capacity

Toyota Motor Corporation (Toyota) is to invest up to 730 billion yen (approximately £4.53 billion) in the supply of automotive batteries to help meet the growing demand for battery electric vehicles (BEVs). It intends to begin battery production in Japan and the United States between 2024 and 2026. The investment is aimed at giving Toyota…
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September 5, 2022 0

Volvo Group starts process to establish plant for battery production in Sweden

To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden. “We aim to lead the transition to a decarbonized transport system and have the long-term ambition to offer our customers solutions that are 100% fossil…
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August 5, 2022 0

FREYR Battery Sanctions Construction of its Inaugural Gigafactory

Increases plant capacity to 29 GWh, based on $1.6 billion in identified debt financing support, catalyzed by the Norwegian National Battery Strategy and Norway’s Export Credit Agency Eksfin’s indication of up to EUR 400 million in guarantees and/or loans – FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the…
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July 12, 2022 0

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