German lithium battery storage firm Tesvolt says it is in pole position to open Europe’s first battery storage gigafactory, as it prepares to launch expanded manufacturing operations in Germany.
Tesvolt did not announce a date for completing production lines at its new Lutherstadt Wittenberg facility, but said the plant will have an eventual annual production capacity of more than 1GWh and an initial 12,000m2 of floor space will be available next month— when production at an existing adjacent facility will switch to the new plant.
Germany’s BMZ Group and South Korea’s Samsung SDI have entered a long-term cooperation agreement to jointly promote the expansion of electromobile applications in the European market.
Karlstein-based BMZ said Samsung SDI, “one of the world's largest cell manufacturers, will rely in the future on BMZ as system supplier for battery systems, integration and software”.
South Korea has called on China to ensure “a fair business environment” for battery manufacturers to compete for business across the two countries.
South Korea’s trade minister Paik Un-gyu (pictured) made the plea during a meeting with his Chinese counterpart Miao Wei in Seoul, the Yonhap news agency reported.
Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.
GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.
South Korean battery maker Samsung SDI is part of an international consortium cleared to invest in developing battery materials facilities in Chile.
Samsung is among companies from South Korea and China expected to invest a total $754 million in the project, the Chilean Economic Development Agency (Corfo) confirmed.