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europe

Europe’s hopes of a lithium-ion gigafactory boosted with an EIB loan

Tue, 04/07/2020 - 16:16 -- paul Crompton

LG Chem Group’s ambitions to build a lithium-ion gigafactory in Europe has been boosted with a €480 million ($518 million) loan agreement from the European Investment Bank (EIB).

LG Chem Wroclaw Energy, a subsidiary of the South Korean firm, finalised the loan on 26 March as it bids to extend production at its factory on its industrial site in south-west Poland.

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Battery testing firm Arbin opens European office as it looks to reach new markets

Tue, 04/07/2020 - 16:05 -- paul Crompton

Battery test equipment specialist Arbin Instruments has opened a dedicated European sales office in Germany to develop closer relationships with existing customers and reach new markets. 

The Munich office is the US firm’s second in the country and comes as Arbin looks to expand in the region and capitalise on the potential of the European market.

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Leclanché secures $65 million investment to triple battery making capacity in Europe

Thu, 02/20/2020 - 14:05 -- Vic
Leclanché energy storage solutions

Investments totaling CHF64 million ($65 million) will allow Swiss lithium-ion battery maker Leclancé to triple its manufacturing capacity at its German plant.

The funds— one for CHF 39 million ($40 million) and one for CHF 25 million ($25 million)— will allow the company to triple the volume of cells that it manufactures in Germany to three million cells and to fund the delivery of the company’s order book.

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LG Chem lithium-ion battery supply shortage causes halt to electric vehicle manufacturing

Thu, 02/13/2020 - 14:40 -- paul Crompton

A shortage of lithium-ion batteries from LG Chem’s European gigafactory forced luxury vehicle OEM Jaguar to halt production of its I-Pace electric car.

Jaguar was unable to secure enough batteries from the Korean firm’s Poland factory to continue production of its £61,000 SUV at a factory in Graz, Austria, for a week from 10 February.

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BASF announces second European lithium-ion battery materials plant

Thu, 02/13/2020 - 09:58 -- paul Crompton

Chemicals firm BASF has confirmed the location of its new battery materials production site in Germany as it steps up investment into the European electric vehicle (EV) value chain. 

The state-of-the art plant in Schwarzheide will initially produce enough cathode active materials (CAM) for around 400,000 full electric vehicles per year, says the German conglomerate.

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BMZ Group and VDE form strategic partnership to push European battery industry agenda

Wed, 02/12/2020 - 09:39 -- paul Crompton

Lithium-ion battery producer BMZ Group and technology association VDE Renewables have formed a strategic partnership to promote Europe’s battery storage industry.

Through the Battery Experts Forum conference, organised by the BMZ Group, the partnership aims to promote and strengthen international dialogue within the industry.

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Total and Groupe PSA launch joint venture to develop 48GWh European lithium-ion battery production supply chain

Wed, 02/05/2020 - 15:59 -- paul Crompton

French fossil fuel firm Total plans to build pilot battery manufacturing facilities in Europe combining the knowledge of its lithium-ion battery making arm Saft and vehicle OEM Groupe PSA.

The partners intend to establish a joint venture named Automotive Cell Company (ACC) with the goal of producing electric vehicle batteries starting in 2023.

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Multi-national project aims to take the vanadium out of flow batteries

Thu, 01/16/2020 - 14:32 -- paul Crompton

Basque research centre CIC energiGUNE is leading a European-wide project to develop next generation redox organic flow batteries. 

The project aims to demonstrate that organic flow batteries can be a sustainable alternative to vanadium batteries, a material included in the list of critical raw materials by the European Commission.

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Battery maker Varta buys back its consumer brand amid EC competition concerns

Thu, 01/09/2020 - 14:44 -- paul Crompton

Battery maker Varta has bought back Europe-based Varta Consumer Batteries 18 years after selling it to US company Rayovac Corporation (latterly Spectrum Brands) for $262 million.

The German manufacturer completed the buy out of the company for an enterprise value of €180 million ($200 million) from US-based Energizer Holdings subject to a closing balance sheet to be prepared on the closing date. 

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Bank extends loan to LG Chem as it forges ahead with European lithium-ion gigafactory plans

Wed, 11/27/2019 - 15:57 -- paul Crompton

The European Bank for Reconstruction and Development (EBRD) has extended a long-term loan of €250 million ($275 million) to support the construction of Korean battery maker LG Chem’s European lithium-ion gigafactory.

The company is set to build a battery production plant in Wrocław in western Poland in three phases.

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