Category: Gigafactory

Tata Group to Set Up a 40GW Battery Gigafactory in the UK

Tata Sons will build a 40GW battery cell gigafactory in the United Kingdom (UK). The investment, of over £4 billion, will deliver electric mobility and renewable energy storage solutions for customers in UK and Europe. JLR and Tata Motors will be anchor customers, with supplies commencing from 2026 Tata Sons today announced plans to establish…
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19th July 2023 0

The largest single investment ever for stand-alone battery manufacturing facility in North America The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annual production capacity reaching 43GWh Production to start in 2025 and 2026 respectively, addressing customers’ needs for locally manufactured batteries in response to IRA tax credits and surge in market demands The manufacturing complex to ensure cohesive partnerships and further promote collective drive to expedite clean energy transition with major EV and ESS players in North America SEOUL, March 24, 2023 – LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single investment ever for a stand-alone battery manufacturing facility in North America. It is also more than four times the amount the company initially announced last year (KRW 1.7 trillion) to manufacture cylindrical EV batteries in the same location. Out of the KRW 7.2 trillion, the company plans to invest KRW 4.2 trillion (USD 3.2 billion) in building cylindrical battery manufacturing facility with a capacity of 27GWh, and KRW 3 trillion (USD 2.3 billion) in LFP pouch-type battery facility with the capacity of 16GWh. Both facilities, totaling 43GWh, plan to break ground this year. With the new battery manufacturing complex in the southwestern state, LGES will boost its production capacity in major product segments, develop more cohesive partnerships with its customers in both EV and ESS sectors, and cut back on the logistics cost by bringing its new manufacturing facilities in close proximity to its customers. The new cylindrical battery manufacturing facility aims to start mass production of 2170 cells in 2025, mainly for EV makers in North America. It is the first-ever U.S. cylindrical battery manufacturing facility solely invested by a Korean battery manufacturer. The company’s decision to increase investment in cylindrical EV battery production in North America comes from rising demand from EV makers for locally manufactured high-quality, high-performance batteries in an effort to satisfy the Inflation Reduction Act (IRA)’s EV tax credits. The new manufacturing facility for LFP pouch-type batteries for ESS, which is the first ESS-exclusive battery production facility in the world, aims to start production in 2026. With LG Energy Solution Vertech, Inc.’s fully integrated energy storage solutions, LGES will further expand its presence in the entire ESS value chain. Situating the new ESS battery facility in North America, the biggest ESS market globally, LGES aims to respond to the fast-growing needs for locally manufactured batteries on the back of the IRA, and further expedite clean energy transition in North America upon the strong government policies supporting the adoption of ESS. “Our decision to invest in Arizona demonstrates our strategic initiative to continue expanding our global production network, which is already the largest in the world, to further advance our innovative and top-quality products in scale and with speed,” said Youngsoo Kwon, CEO of LG Energy Solution. “We believe it’s the right move at the right time in order to empower clean energy transition in the U.S.” The company’s new manufacturing facilities will utilize a state-of-the-art smart factory system that carries out all decision making on machine-produced data. By implementing this key measure to enhance product quality, the Arizona facilities will aim to increase yield, improve manufacturing processes, and boost productivity to better respond to the ever-rising battery demands in the region. Source: LG Energy Solution to Invest KRW 7.2 Trillion to Build Battery Manufacturing Complex in Arizona, Step Up EV and ESS Battery Production in North America – LG Energy Solution (lgensol.com)

The largest single investment ever for stand-alone battery manufacturing facility in North America The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annual production capacity reaching 43GWh Production to start in 2025 and 2026 respectively, addressing customers’ needs for locally manufactured batteries in response…
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27th March 2023 0

Gigafactory Valencia: PowerCo gives starting signal for construction of second cell factory

Salzgitter, Valencia, St. Thomas: PowerCo forges ahead with expanding its global battery business Cell factory in Valencia to start production of the unified cell in 2026, creating more than 3,000 direct jobs Initial capacity of 40 GWh per year with potential for further expansion Sustainable batteries: PowerCo sets on manufacturing with 100 % green electricity…
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20th March 2023 0

LG Energy Solution and Honda Formally Establish Battery Production Joint Venture

January 13, 2023 – LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda. The JV will begin construction of a new battery plant early this year with the goal of completion…
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20th January 2023 0

FREYR Battery Announces Plans for U.S. Gigafactory in Georgia

FREYR has selected and purchased a site in Coweta County, Georgia for multi-phase Giga America clean battery manufacturing project The project is expected to be developed in multiple phases beginning with an initial battery cell production module of approximately 34 GWh at a preliminarily estimated capital investment of $1.7 billion. FREYR plans to undertake detailed…
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14th November 2022 0

SVOLT builds additional battery cell factory in Brandenburg, Germany for European market

Frankfurt am Main / Lauchhammer, Germany, September 9, 2022 – Today, SVOLT Energy Technology Co., Ltd. (SVOLT), a global high-tech company with headquarters in China and with a European office in Frankfurt am Main, announced that it will build another battery cell factory for the European market in Lauchhammer (district of Oberspreewald-Lausitz in the German State…
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12th September 2022 0

SVOLT builds additional battery cell factory in Brandenburg, Germany for European market

Frankfurt am Main / Lauchhammer, Germany, September 9, 2022 – Today, SVOLT Energy Technology Co., Ltd. (SVOLT), a global high-tech company with headquarters in China and with a European office in Frankfurt am Main, announced that it will build another battery cell factory for the European market in Lauchhammer (district of Oberspreewald-Lausitz in the German State…
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12th September 2022 0

Toyota announces major investment in battery production capacity

Toyota Motor Corporation (Toyota) is to invest up to 730 billion yen (approximately £4.53 billion) in the supply of automotive batteries to help meet the growing demand for battery electric vehicles (BEVs). It intends to begin battery production in Japan and the United States between 2024 and 2026. The investment is aimed at giving Toyota…
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5th September 2022 0

Volvo Group starts process to establish plant for battery production in Sweden

To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden. “We aim to lead the transition to a decarbonized transport system and have the long-term ambition to offer our customers solutions that are 100% fossil…
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5th August 2022 0

FREYR Battery Sanctions Construction of its Inaugural Gigafactory

Increases plant capacity to 29 GWh, based on $1.6 billion in identified debt financing support, catalyzed by the Norwegian National Battery Strategy and Norway’s Export Credit Agency Eksfin’s indication of up to EUR 400 million in guarantees and/or loans – FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the…
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12th July 2022 0

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