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CATL plans cash boost for German EV gigafactory project

Thu, 06/27/2019 - 13:16 -- John Shepherd
CATL plans cash boost for German EV gigafactory project

Chinese lithium giant Contemporary Amperex Technology (CATL) has revealed it is set to pour a total of up to €1.8 billion (US$2.1bn) of cash into its planned electric vehicle (EV) battery plant in Germany.

CATL said the proposed investment included €240 million already pledged for the project at Erfurt, in the east-central state of Thüringen.

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VW coy on partnership and funding for €1bn battery cells plant

Tue, 05/14/2019 - 13:13 -- John Shepherd
VW coy on partnership and funding for €1bn battery cells plant

German carmaker Volkswagen is to invest “just under €1 billion” (US$1.1bn) to build a battery cell production facility in the country with an undisclosed partner.

A VW spokesperson told BEST Battery Briefing its partner would be “a European-based company” but declined to elaborate. 

However, the spokesperson revealed the plant would have an annual production capacity of 10GWh and could be in operation by 2022/2023.

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SK Innovation ‘in battery venture talks with VW, China’

Fri, 04/12/2019 - 12:54 -- Hugh Finzel

South Korea’s SK Innovation (SKI) is reportedly in talks to establish two separate battery production joint ventures— one with Volkswagen and another with Chinese partners.

SKI confirmed talks with Volkswagen in an interview with Reuters, saying the two companies were discussing building a factory together. SKI also said I was “on the cusp” of agreeing plans to build a plant in China with “undisclosed partners”.

The president of SKI’s batteries business YS Yoon told Reuters: “Our strategy is to keep up with technological advancement by having relationships with some of our key customers. Compared with rivals, we’ve been matching or exceeding investment in the (EV batteries) area since last year.”

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Novel start-up forging ahead with VW investment

Mon, 02/04/2019 - 00:00 -- Hugh Finzel
Dr Paul Lichty

US-based start-up Forge Nano has received a US$10 million investment from German car maker Volkswagen— funds the company will use to continue investigating and developing “a material coating technology that could further improve the performance of battery materials”.

Forge Nano has been investigating processes for scaling atomic layer deposition— “a chemical process for applying atomic scale coatings one atom at a time”— to create new core-shell materials, particularly for battery applications, with the aim of boosting the energy density of electric vehicle battery cells.

Forge Nano founder and CEO Dr Paul Lichty (pictured) said the company’s “atomically precise surface engineering technology is ushering in a new era of high performance materials”.

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VW ups Quantumscape investment for solid-state batteries

Mon, 06/25/2018 - 11:11 -- John Shepherd
VW ups Quantumscape investment for solid-state batteries

Volkswagen is investing $100 million to increase its stake in US battery start-up Quantumscape and “accelerate” commercialisation of innovative solid-state battery technology.

VW said the deal, which is subject to regulatory approvals, will make it Quantumscape’s largest automotive shareholder and will give the car giant a seat on the board.

 

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VW confirms plan for battery cells pilot plant

Mon, 05/21/2018 - 10:23 -- John Shepherd
VW confirms plan for battery cells pilot plant

Volkswagen has told BBB it will build a pilot manufacturing plant for battery cells in Germany as part of a new corporate “centre of excellence”.

The pilot facility, on which work is expected to start by 2019, will be incorporated with an existing VW plant in Salzgitter, Lower Saxony, a VW spokesperson confirmed.

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Volkswagen ‘to buy EUR20bn of batteries from Asia’

Wed, 05/09/2018 - 09:51 -- Xuan Zhong
Volkswagen ‘to buy EUR20bn of batteries from Asia’

Volkswagen has reportedly earmarked EUR20 billion ($25bn) to buy in lithium batteries for its electric vehicle business from China’s CATL, South Korea’s LG Chem and Samsung SDI.

China’s state Xinhua News Agency said the move was agreed by VW at its annual general meeting in Berlin— although BBB could not independently confirm the report.

 

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CATL snaps up Canadian lithium firm

Mon, 03/19/2018 - 11:17 -- John Shepherd
CATL snaps up Canadian lithium firm

China’s CATL has reportedly bought a 90% controlling stake in a Canadian lithium firm— to shore up supplies of the key raw material for its expanding global battery business.

Contemporary Amperex Technology (CATL) acquired 36.6 million shares of North American Lithium from Jilin Jien Nickel Industry, according to the China Daily.

 

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Now China’s CATL ‘makes play for EU expansion’

Mon, 03/12/2018 - 12:13 -- Xuan Zhong
Now China’s CATL ‘makes play for EU expansion’

Chinese battery giant CATL is reportedly on the lookout for a site in Europe to manufacture lithium-ion batteries for the electric vehicle market, after becoming a supplier for Volkswagen cars built in China.

According to Bloomberg, CATL (Contemporary Amperex Technology Co) “is close to” deciding on a site in either Germany, Hungary or Poland to build what would be its first overseas automotive battery manufacturing plant.

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China’s CATL ‘plans Europe battery plant’

Tue, 09/26/2017 - 09:47 -- News Editor
China’s CATL ‘plans Europe battery plant’

Chinese lithium-ion battery maker Contemporary Amperex Technology Ltd (CATL) is to open a production base in Europe, according to state media.

China’s Xinhua News Agency said CATL is “planning to build a new plant in Europe to meet the rising demand of the continent” for electric vehicle batteries.

 

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