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An overview of key players in the Battery cell manufacturing sector (large companies with >$1b valuation as of Dec 23) (part 1) 🔋 Contemporary Amperex Technology Co., Limited – in April 2024, CATL unveiled Shenxing PLUS - the world's first LFP battery that achieves a range above 1,000 kilometers with 4C superfast charging, just 8 months after the launch of the Shenxing superfast charging battery in August 2023. BYD – BYD is the world's leading producer of rechargeable batteries: NiMH batteries, Li-ion batteries and NCM batteries. The ultra-safe BYD Blade Battery prioritises safety while delivering exceptional driving stability and performance. LG Energy Solution – LG Energy Solution’s $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona is well underway, with completion and start of production expected in about 2 years time, with full-scale hiring for thousands of new jobs to begin in H2 2025. EVE Energy Co.,Ltd. – debuted their extreme fast charging technology at the 1st SNE Battery Day in South Korea. In the application stage, the 50Ah cells developed by EVE Energy reach 60% charge in just 6 minutes, reducing the charging time by 80% and increasing energy density by 18%. This achievement allows a 6-minute charging for a 500-mile driving range. Northvolt - Northvolt raises $5 billion to enable expansion of first circular gigafactory in the western world - the largest green loan raised in Europe to date will not only facilitate the expansion of Europe's first homegrown gigafactory, Northvolt Ett, but also the realization of Northvolt's ambitious plans for battery recycling. Samsung SDI Battery Systems – just announced it has completed an agreement with General Motors to build a joint EV battery factory in Indiana, US. The two companies will invest about $3.5bn to build a battery cell manufacturing plant with an annual production capacity of 27GWh initially. Panasonic – Panasonic has supplied batteries for a cumulative total of three million EVs and is one of the leading manufacturers of lithium-ion batteries in North America. Farasis Energy – Farasis Energy developed power batteries with strong temperature adaptability. They are not afraid of high-temperature environments, exhibit super stable high-rate discharge, and the temperature of a single battery cell only increases by about 5°C. GOTION HIGH-TECH – In May 2024, Gotion High-tech unveiled its’ ultra-fast charging G-Current battery, which is designed with 5C super-fast charging technology, enabling 80% energy replenishment with 9.8 minutes of charging and 90% energy replenishment with 15 minutes of charging. This solution can be applied to their entire range of battery applications.   It’s great to see some huge investments being made by these market-leading businesses, with a strong focus on fast charging, range and safety!   Stay tuned for part 2! 🔋 👀 #CLMSearch #CLMEurope #CLMAmericas #Batteries

Joe Stewart and I will be representing CLM Search at #RE+ in Anaheim in a few weeks! This is the largest clean energy event in North America. Marking its 20th anniversary, RE+ 24 will be a celebration of innovation, technology, collaboration, leadership, business, and power within the industry. IF you are a leader within #EnergyStorage #BatteryTech #Hyrdogen please reach out to us to schedule a meeting! #REPlus24 #CleanEnergy #CLM #ESS #

Key players in the Li-ion battery cell manufacturing sector 🔋 Verkor – Their Gigafab will have an annual production capacity of 16 GWh in Li-ion batteries (enough to fit out 300,000 electric vehicles and create over 1,200 direct jobs). This output is in step with Europe’s growing demand for e-mobility and stationary storage batteries. FREYR Battery – Georgia Giga fab will offer a clean solution to the rapidly growing global demand for high-density and cost-competitive battery cells for stationary energy storage (ESS), electric mobility, and marine applications. PowerCo – PowerCo and QuantumScape announced they entered into a groundbreaking agreement to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology. Morrow Batteries – Opened Norway's first battery cell production site on the country's south coast, with plans to deliver the first units by the year's end and add more production step by step. CELLFORCE GROUP – 100% subsidiary of Porsche AG is a German developer & manufacturer of high-performance Li-ion battery cells and applications in the vehicle and mobility segment. ENOVIX Corporation – The Enovix cell architecture has the potential to create unique advantages for automotive OEMs and pack providers, providing increased energy density, better thermal conductivity, high cycle life, and lower cost at both the cell and pack level, through simplified system design and low-cost manufacturing processes. Our Next Energy (ONE) – ONE has a 3-part mission: Range (doubling range), Safety (reducing risk of thermal runaway through chemistry and pack design) and Sustainability (using more sustainable, abundant materials to build a US supply chain) Microvast – Announced its commitment to LFP battery chemistry for its ESS offerings, providing superior long-term performance, cost-efficiency, and reliability. For their commercial vehicle customers, they are continuing to use NMC batteries. iM3NY – is an independent li-ion cell manufacturer, commercializing cell chemistry developed in the USA. Production from the first manufacturing lines began in 2022 with further expansion targeting production of 38 GWh/yr within the next few years. ACC - Automotive Cells Company – is leading the charge into the new world of hi-tech clean mobility - creating the EV batteries of the future. High-performance Li-ion batteries produced at a price that makes green automotive accessible to everyone. Amprius Technologies, Inc. – A leader in high-energy lithium-ion batteries leveraging their patented silicon anode platform, Amprius utilizes existing commercial manufacturing processes for scalability – cathode and assembly processes are unchanged; only the anode manufacturing line is changed. It’s great to see the progress being made in this sector, we’ll be keeping an eye on these companies as they continue to innovate & drive the shift towards electrification. #CLMSearch #CLMAmericas #CLMEurope #Batteries #LithiumIon

The Battery Market in August 2023 vs. August 2024 🔋 General Motors – in April 2024, GM revealed a home charging bundle for Ultium EVs priced at $7,300 QuantumScape - After introducing its first commercial product and deploying the first stage in its fast manufacturing process in 2023, the company expects to begin initial prototype production and scale up the manufacturing process this year. Automobili Lamborghini S.p.A. - Lamborghini SpA is holding off for now on making its roaring sports cars fully electric as skepticism around the technology grows. ACCURE Battery Intelligence - ACCURE Battery Intelligence Wins CleanTech Breakthrough Award and have partnered with eMotion Fleet to offer battery safety and performance software solutions to owners and operators of BESS & EV fleets in Japan. Northvolt - In the Montreal region of Quebec, Canada, Northvolt are establishing a new battery gigafactory — Northvolt Six. 3000+ direct jobs will be created by the first phase, with an annual capacity of 60GWh, enough batteries for one million electric vehicles and it will be a 100% fossil-free energy powering production. Contemporary Amperex Technology Co., Limited – CATL have gone one step further since announcing the launch of it’s Shenxing battery, by unveiling Shenxing PLUS — the world's first LFP battery that achieves a range above 1,000 kilometers with 4C superfast charging.  Redwood Materials - Redwood is now working with Ultium Cells LLC - to recycle production scrap. Materials to be recycled include cathode and anode material as well as cell scrap. #CLMSearch #CLMAmericas #CLMEurope #Battery #EV #TheBatteryShow