Top 5 Battery manufacturing News week 7

by | Feb 20, 2023 | News | 0 comments

  • Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. (CATL) plan to build a battery plant in Michigan, according to several media reports on Friday citing people familiar with the matter.The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs, said the people, who asked not to be identified because the plans aren’t yet public. The agreement could be announced as soon as next week, they said.
    Source: Battery Industry
  • US EV tax credit boosting domestic battery production beyond estimates.
    Some experts believe the value of Biden’s tax credits could end up being four times higher than Congress expected.
    Source: Batteries News
  • Indian company Tata Group is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain, a source with knowledge of the matter told Reuters, as the carmaker seeks to boost supply chains in Europe.Tata’s chief financial officer told Reuters last month the carmaker was considering setting up plants in India and Europe to produce battery cells for EVs.
    Source: Battery Industry
  • BYD , the world’s largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal filings.

    FinDreams Technology, the Chinese company’s battery unit is aiming to build a facility with the capacity to produce 40 gigawatt hours per year of its Blade Battery in the city of Zhengzhou in Henan province, according to environmental filings published on the Zhengzhou government website seeking public feedback on the project.
    Source: Batteries News
  • Kia prepares its European headquarters for EVs
    Source: Electrive

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