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battery production

SK Innovation battery project targets US automotive market

Mon, 12/03/2018 - 00:00 -- Hugh Finzel
Governor Nathan Deal

SK Innovation plans to invest 1.98 trillion South Korean won (US$1.01 billion) to establish an electric vehicle (EV) batteries production base in Jackson County, Georgia as they look to establish themselves in the US, “the largest battleground of global automakers”.

The plant will be built on a 278-acre site in Commerce City and is expected to have an annual production capacity of 9.8 gigawatt-hours.

The announcement confirms speculation of such a project reported earlier this year.

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Loan deal expansion plan for Greek lead-acid maker Sunlight

Mon, 12/03/2018 - 00:00 -- John Shepherd
Sunlight Xanthi factory

Greek lead-acid battery maker Sunlight is to expand manufacturing and new product development boosted by a €12.5 million (US$14.2m) financial shot in the arm from the European Investment Bank (EIB).

Sunlight, part of the Olympia Group, said it will “significantly increase manufacturing capacity” at its plant in Xanthi, northern Greece thanks to the loan— the first support for industrial investment in Greece under a new EIB lending initiative backed by the European Fund for Strategic Investments.

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Germany’s billion-euro bid to lead EU battery cell production

Mon, 11/19/2018 - 00:00 -- John Shepherd
Peter Altmeier

Germany has pledged to pump €1 billion (US$1.1bn) into promoting battery cell production by 2021— with the aim of German and European producers “supplying 30% of global demand” by 2030.

The head of the federal economic affairs and energy ministry, Peter Altmaier, also revealed a “new battery cell consortium” could be formed in Germany around the end of this year.

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JCI quits batteries with Power Solutions sale

Mon, 11/19/2018 - 00:00 -- John Shepherd
Cyrus Madon

Johnson Controls International (JCI) has announced a definitive agreement to sell its battery business Power Solutions to US and Canadian investment firms Brookfield Business Partners and CDPQ in a cash transaction valued at US$13.2 billion.

The deal ends months of feverish speculation about the future of Power Solutions.

New York and Toronto-listed Brookfield is the business services and industrials company of Brookfield Asset Management. Quebec-based CDPQ (Caisse de dépôt et placement du Québec) is an institutional investment fund manager.

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Swiss firm eyes EV market traction for new ‘standardised’ battery

Mon, 11/19/2018 - 00:00 -- John Shepherd

Swiss technology company Ecovolta has unveiled a “standardised” lithium-ion battery, aimed at speeding up the development of electric vehicles.

Ecovolta, which announced the start of operations at a battery pack manufacturing and R&D plant in Switzerland earlier this year, said its ‘evoTraction’ battery “significantly cuts the time and expense needed to bring electric vehicles to the serial production stage”.

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Northvolt plans Poland battery plant to target European market

Mon, 10/29/2018 - 00:00 -- Hugh Finzel
Northvolt energy storage system

Swedish lithium-ion start-up Northvolt has announced plans for a new battery production facility in Gdansk, Poland.

The facility will produce full battery systems— containing battery cells, an electronic control system, and often a cooling and heating system— using cells manufactured at Northvolt’s factory in Sweden, where production is scheduled to start toward the end of 2020.

Northvolt said the new plant, which will include an R&D centre, would be operated in partnership with California-based precision semiconductor manufacturer South Bay Solutions.

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Lithium Werks in China giga-investment deal

Mon, 10/22/2018 - 00:00 -- Hugh Finzel

Dutch lithium-ion battery producer Lithium Werks BV has signed a framework agreement to build a 60-hectare battery gigafactory in China’s Yangtze River Delta.

The agreement for the €1.6 billion (US$1.85bn) factory to produce cells for lithium-ion batteries was signed with the Zhejiang Jiashan Economic Development Zone Industry Corporation.

“With our Chinese partners’ help, and as we continue to grow both organically and through acquisitions, we will deliver the energy storage solutions that our customers increasingly ask for as the world transitions to clean energy,” said Lithium Werks chairman Kees Koolen (pictured centre).

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Redflow set to launch Thai battery production

Wed, 11/01/2017 - 09:18 -- News Editor
Redflow set to launch Thai battery production

Australian flow battery firm Redflow Limited has started installing equipment for a battery production line at its new factory in Thailand— putting the firm on track to launch initial operations in the country by the end of the year.

The announcement follows Redflow’s formation of a new entity— Redflow (Thailand) Limited— to create a base in the country to serve its Southeast Asia business.

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New York battery plans to expand

Thu, 07/19/2012 - 18:02 -- Ruth Williams

General Electric Co said it will invest $70 million in its Schenectady battery plant in New York to double production and create 100 jobs there.  This will take the plant’s workforce 450 at full capacity.
The factory manufactures GE's Durathon batteries, which are half the size of conventional lead-acid batteries but last ten times longer.

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