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Battery Manufacturing

All articles tagged with #battery manufacturing

business1 month ago

Ford lays off 1,600 workers at Kentucky plant amid EV transition

Ford is repurposing its Kentucky battery plant in Glendale to focus on advanced energy storage systems, leading to the layoff of about 1,600 workers, as the company takes full ownership following a partnership split with SK On. The new energy storage business aims to start with 2,100 employees, and workers may apply for new roles within the company. The move is part of Ford's broader shift towards electric vehicles and energy solutions, including plans to produce a new electric truck in Louisville.

via WKYT|
#battery-manufacturing#business#energy-storage
business1 year ago

Northvolt's Bankruptcy Shakes European EV Industry

Swedish battery manufacturer Northvolt has filed for Chapter 11 bankruptcy in the US due to mounting debt and insufficient rescue funding, posing a significant setback to the European electric vehicle sector. Despite having only a week's worth of cash reserves, the bankruptcy filing will provide Northvolt with $245 million in new financing to restructure and continue operations. The company aims to maintain its workforce and commitments while building a robust European battery production base. CEO Peter Carlsson will step down following the filing.

via Euronews|
#bankruptcy#battery-manufacturing#business
business1 year ago

$712M Battery Plant to Create 1,572 Jobs in Shelbyville, KY

Kentucky Governor Andy Beshear announced a new battery manufacturing plant in Shelbyville, expected to create nearly 1,600 jobs and cost $712 million. The facility, a subsidiary of Canadian Solar, will produce lithium-ion batteries and is set to become the largest employer in Shelby County. This project marks the third-largest jobs announcement during Beshear's tenure, following major investments by Envision AESC and Ford Motor Co. with SK On. The plant aims to enhance Kentucky's role in the electric vehicle and industrial electrification sectors.

via Lexington Herald Leader|
#battery-manufacturing#business#economic-development
crime-and-technology1 year ago

"Tesla Employees Allegedly Stole Battery Secrets to Launch Rival Company"

Two men are accused of stealing battery manufacturing technology from Tesla and starting a business in China to sell the proprietary information. Klaus Pflugbeil, a Canadian citizen, was arrested on Long Island, while Yilong Shao remains at large. They are charged with conspiracy to transmit trade secrets, which carries up to 10 years in prison if convicted. The technology involves high-speed battery assembly lines owned by Tesla, and the defendants are accused of setting up a company in China and selling products developed with the stolen trade secrets.

via The Associated Press|
#battery-manufacturing#china#conspiracy
business2 years ago

Tesla Expands Megapack Battery Production with Shanghai Land Acquisition

Tesla has acquired land in Shanghai for a megapack battery manufacturing plant, with production expected to begin in Q4 2024. The company paid 222.42 million yuan ($31.13 million) for the use rights to a 19.7-hectare plot near its existing plant in Shanghai. Construction is scheduled to start in Q1 2024, and the plant will have the capacity to produce 10,000 megapacks per year. Tesla's gigafactory in Shanghai currently has an annual capacity of 1.1 million units, and the company has expressed its desire to expand its EV capacity in the city, pending regulatory approval.

via Reuters|
#battery-manufacturing#business#expansion
business2 years ago

China's Nio to Spin Off Battery Production Unit in Strategic Move

Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit in an effort to turn profitable, reduce costs, and improve efficiency. The nascent battery unit, led by senior manufacturing engineers with experience at Apple and Panasonic, will seek external investors after the spin-off. Nio currently buys all of its batteries from CATL and CALB Group. The spin-off is part of Nio's strategy to outsource battery manufacturing and focus on in-house research and development. The company aims to mass produce large cylindrical cells similar to Tesla's 4680 in a planned plant in China's Anhui province. Nio reported a third-quarter loss and is working to reassure investors by trimming its workforce and deferring long-term investments.

via Reuters|
#battery-manufacturing#business#cost-reduction
energy2 years ago

"US Government Allocates $3.5 Billion to Bolster Domestic Battery Production and Combat Climate Change"

The Biden-Harris Administration has announced up to $3.5 billion in funding from the Bipartisan Infrastructure Law to strengthen domestic battery manufacturing in the United States. The investment aims to create new and expanded facilities for battery-grade processed critical minerals, battery precursor materials, battery components, and cell and pack manufacturing. The funding supports the administration's goals of reaching a net-zero emissions economy by 2050, increasing electric vehicle sales, and building a domestic supply chain. The initiative prioritizes creating good-paying union jobs and reducing reliance on foreign entities for critical minerals and battery materials. The Department of Energy is administering the funding and is accepting concept papers until January 9, 2024.

via Energy.gov|
#battery-manufacturing#biden-harris-administration#clean-energy
labor-relations2 years ago

UAW Strike Secures Concession for Battery Plant Workers

The United Auto Workers (UAW) strike against General Motors (GM) has resulted in a key concession, with GM agreeing to allow workers at its battery manufacturing plants to unionize. The strike, which began after the UAW's previous contract expired, has been successful in pressuring automakers to address worker concerns, including ending the tiered pay structure, restoring defined-benefit pensions, and securing pay raises. The growing electrification of the auto industry has also been a point of contention, as companies build battery factories in states hostile to unionization. Ford has already made an offer to the UAW, and GM's concession suggests progress in resolving the strike.

via Ars Technica|
#battery-manufacturing#general-motors#labor-relations
environment2 years ago

"US Climate Law Sparks Clean Energy Tech Boom in Just One Year"

The US climate law, the Inflation Reduction Act (IRA), which turns one year old on August 16, has already accelerated the adoption of clean energy technology. The law offers tax credits for clean energy installations, such as solar panels, leading to increased investment in battery and electric vehicle manufacturing. Nearly 80 major clean energy manufacturing facilities have been announced in less than a year, equivalent to the previous seven years combined. The IRA aims to reduce greenhouse gas emissions, build domestic supply chains, and promote cleaner transportation. It has also boosted the demand for battery storage, potentially putting the storage business on a similar trajectory as solar energy.

via The Associated Press|
#battery-manufacturing#clean-energy#climate-change
business2 years ago

Ford receives $9.2 billion loan for EV battery factories from US Department of Energy.

Ford and South Korean battery producer SK On have secured a conditional $9.2 billion loan from the US Department of Energy's Loan Program Office to build three battery manufacturing plants in Kentucky and Tennessee. The loan is the largest ever given out by the LPO and will help Ford achieve its goal of producing two million EVs by 2026. The investment will also create 5,000 construction jobs and 7,500 operation jobs, aligning with President Biden's Justice40 Initiative.

via Engadget|
#battery-manufacturing#business#ev
automotive2 years ago

Toyota invests billions in US factories for electric SUV production.

Toyota will build a new battery-electric three-row SUV in its Kentucky factory starting in 2025, with batteries coming from North Carolina. The company is spending $2.1 billion on its battery facility in North Carolina and a total of $5.9 billion on battery manufacturing in North America. Changes to tax incentives and fuel efficiency regulations have pushed Toyota to invest in US BEV-building infrastructure, despite its previous reluctance to build more BEVs.

via Ars Technica|
#automotive#battery-manufacturing#electric-suv
business2 years ago

Hyundai and LG to construct $4.3B EV battery factory in Georgia.

LG and Hyundai have signed a memorandum of understanding to invest $4.3 billion in a joint venture to build a new EV battery cell manufacturing plant in Savannah, Georgia, in the US. The plant is expected to be operational by 2025 and will be able to produce 30GHWh of battery every year, enough to support the production of 300,000 electric vehicles. The Biden administration's push to bring more EV and battery manufacturing to the US has encouraged companies like Toyota, Ultium Cells, and Ford to invest in US-based battery manufacturing facilities.

via Engadget|
#battery-manufacturing#business#ev
business2 years ago

Brexit Deal Threatens UK Car Industry, Warns Stellantis and Politicians

Stellantis, the company behind brands like Peugeot, Fiat, and Vauxhall, has warned that automakers with plants in Britain will struggle to compete in the coming years due to the switch to electric vehicles and new post-Brexit export requirements. The company implied that it might shut down its two plants in Britain, where it employs more than 5,000 people. Stellantis is retooling its plants at Ellesmere Port to produce small electric vans, but the lack of a domestic battery manufacturer and rising costs for raw materials could force it to close its plants in Britain.

via The New York Times|
#battery-manufacturing#business#electric-vehicles