Tesla has given the green light to launch its first Gigafactory for batteries production outside the US in China, company chief Elon Musk has confirmed.
The new Shanghai plant confirms a pledge by Musk to one day set up business at the heart of Asia’s booming batteries sector.
South Africa-based automotive and energy storage group Metair Investments has launched a EUR300 million ($353m) bid to acquire European lead battery firm Tovarna Akumulatorskih Baterij (TAB).
Metair said the bid is still “in the early stages”— but confirmed it is in exclusive talks that could see it take control of and expand TAB’s international automotive batteries and energy storage business.
Japan’s Marubeni Corporation has become the latest Asian player vying for a stake in Europe’s evolving battery cells business through a deal with Swedish lithium-ion firm Northvolt.
Marubeni and Northvolt have signed a memorandum of understanding to collaborate, in a move that could see the Japanese conglomerate supply LIB manufacturing equipment and raw materials.
All-iron flow batteries from US-based firm Energy Storage Systems’ (ESS) are making their debut in Europe under a contract with German chemicals group BASF.
ESS said two of its 50kw/400kWh ‘Energy Warehouse’ batteries ordered by BASF “set the stage for active market development on the continent”.
Chinese private capital firm GSR Capital is ramping up its ambitions to become a key player in European EV battery production with plans for a manufacturing plant in Sweden.
GSR is to build the battery facility at Trollhättan, 75km north of Gothenburg, on land adjacent to Swedish electric vehicle producer NEVS— in which GSR will also invest $500 million.
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.
German lithium-ion battery developer and producer BMZ is considering partnering with a Japanese company to launch a battery cell production plant in Europe, BBB can reveal.
BMZ founder and managing director Sven Bauer (pictured) said the move is a “serious option” for the company “and makes sense”, as it seeks to widen its supply chain and production capabilities.