Manufacturing
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GCL, Cornex, TBEA to build 5 GWh storage and solar manufacturing complex in Egypt
Egypt’s Kemet has signed three agreements with Chinese companies over the last week, covering plans for a 5 GW solar cell complex, a 5 GWh battery energy storage factory and Egypt’s first solar inverter factory.
6 hours ago
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CATL locks $17 billion battery material deal as lithium prices soar
As lithium prices surged to a two-year high in early 2026, the world’s largest battery maker, CATL, moved to secure a mega-order of lithium iron phosphate cathode material in what ranks among the largest battery materials deals ever announced.
Ford launches battery storage business, repurposing EV manufacturing capacity
The automotive giant will leverage its plants in Kentucky and Michigan, along with its lithium iron phosphate (LFP) technology know-how, to provide solutions for energy infrastructure and the expanding data center market. The company plans to begin shipping battery energy storage systems (BESS) in 2027.
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Hithium files for Hong Kong listing as global demand for energy storage surges
Chinese battery maker Hithium has filed for a Hong Kong listing, aiming to capitalize on the booming energy storage market. With a rapid rise in shipments and strong revenue growth, the company seeks to expand its production capacity, enhance R&D, and accelerate global expansion.
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‘EU aim of 90% European batteries by 2030 is way off’
European battery cell demand could hit 1 TWh per year by 2030 so domestic manufacturing capacity is vital to avoid dependence on Asia. Germany's Fraunhofer Institute for Systems and Innovation Research (ISI) says the European Union's 90% local battery target will be missed in half of its modeled scenarios.
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Australia’s Altech secures permit to build sodium-ion battery factory in Germany
The German subsidiary of the Perth-based sodium chloride solid-state battery specialist is moving ahead with its plans to build a 120 MWh production plant in Saxony, Germany. The project is expected to amount to around €156 million ($170 million).
Mar 19, 2025
Northvolt files for bankruptcy in Sweden
After filing for Chapter 11 bankruptcy protection in the United States in November 2024, the European battery manufacturing torchbearer has failed to negotiate and implement a financial restructuring. The business has now filed for bankruptcy in its home country.
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