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Tesla is rumored to have signed a battery cell supply agreement with EVE Energy Co.,Ltd., a Chinese battery cell manufacturer. For years, Tesla has been increasing the percentage of its electric vehicles powered by LFP battery cells. Eve Energy has reached a supply agreement with Tesla for energy storage batteries, and its Malaysian factory is expected to start supplying energy storage batteries to Tesla US in 2026, according to a report in Chinese media outlet #LatePost today. 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Tesla #EVEenergyCo #energystorage #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) today announced the closing of the Company’s acquisition of the U.S. solar manufacturing assets of Trinasolar Solar Co Ltd. (SHA: 688599) (“Trina Solar”) in accordance with the previously communicated timeline. Under the terms of the finalized agreement, FREYR has acquired Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas. The facility commenced production on November 1, 2024, and is expected to ramp up to full production by H2 2025 with 30% of estimated production volumes backed by firm offtake contracts with U.S. customers. 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

Innovation Norway has announced granting Morrow Batteries ("Morrow") a loan facility of NOK 1.5 billion. The loan facility will be available for Morrow to fund the scale-up and development of battery manufacturing in #Norway. "In the current capital market, with many green initiatives facing strong headwinds, I see this loan facility as validation of Morrow’s business plan and step-by-step industrial approach. It enables us to start giga-scale production of batteries in Arendal, playing a crucial role in the development of a Norwegian battery value chain," says Morrow Batteries CEO Lars Christian Bacher 👉Follow Battery Market News for the latest happenings in the battery industry and more! Read more: https://lnkd.in/eq-8sW_P #Morrow #MorrowBatteries #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

NOVONIX has announced a conditional commitment for a $754.8m loan from the U.S. Department of Energy (DOE) to finance a new synthetic graphite manufacturing plant in Chattanooga, Tennessee. NOVONIX CEO Chris Burns said: "𝙏𝙝𝙞𝙨 𝙖𝙣𝙣𝙤𝙪𝙣𝙘𝙚𝙢𝙚𝙣𝙩 𝙞𝙨 𝙩𝙝𝙚 𝙘𝙪𝙡𝙢𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙮𝙚𝙖𝙧𝙨 𝙤𝙛 𝙝𝙖𝙧𝙙 𝙬𝙤𝙧𝙠 𝙖𝙣𝙙 𝙞𝙨 𝙖𝙣𝙤𝙩𝙝𝙚𝙧 𝙘𝙧𝙞𝙩𝙞𝙘𝙖𝙡 𝙢𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚 𝙛𝙤𝙧 𝙤𝙪𝙧 𝙖𝙣𝙤𝙙𝙚 𝙢𝙖𝙩𝙚𝙧𝙞𝙖𝙡𝙨 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙩𝙤𝙬𝙖𝙧𝙙𝙨 𝙤𝙪𝙧 𝙩𝙖𝙧𝙜𝙚𝙩 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙤𝙣 𝙤𝙛 150,000𝙩𝙥𝙖 [𝙩𝙤𝙣𝙣𝙚𝙨 𝙥𝙚𝙧 𝙖𝙣𝙣𝙪𝙢] 𝙞𝙣 𝙉𝙤𝙧𝙩𝙝 𝘼𝙢𝙚𝙧𝙞𝙘𝙖". NOVONIX has signed binding offtake agreements with Panasonic Energy of North America, Stellantis and PowerCo to supply synthetic graphite. The company plans to expand production capacity to 75,000tpa, contingent upon customer demand and additional financing. 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Novonix #Stellantis #PowerCo #Panasonic #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

The US Department of Energy (DOE) has given the green light for a direct loan of up to $9.63 billion to BlueOval SK, LLC . The money will be used for the construction of “up to three” battery factories in Tennessee and Kentucky. BlueOval SK, LLC is a joint venture by US carmaker Ford Motor Company and South Korean EV battery manufacturer SK Innovation. All three above-mentioned factories are already under construction – one in Tennessee and two in Kentucky. When construction kicked off in 2022, about $5.6 billion had been earmarked for BlueOval City in Tennessee alone. In Kentucky, both partners are reportedly investing a combined $5.8 billion. 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

Toyota Motor Corporation vows to move ahead with $13.9bn battery plant in North Carolina “We have a number of factories under construction and, considering the costs involved with changing locations and reviewing supply chains, it is difficult to imagine halting investments,” says an executive at a major Japanese energy company. In addition, even if Trump were to pare back subsidies, Japanese companies would continue to benefit from a bipartisan effort to break free from a China-centred supply chain — especially for EVs and batteries. “The relationship between the United States and Japan will remain strong regardless of the outcomes of the elections in Japan or the United States,” says Roy Cooper, governor of North Carolina. 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Toyota #NorthCarolina #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

Automaker Stellantis and Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium iron phosphate (LFP) battery plant in Spain. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach,” Stellantis Chairman John Elkann said in a statement. Source: CNBC Read more: https://lnkd.in/eCR2Qpqz 👉Follow Battery Market News for the latest happenings in the battery industry and more! #Stellantis #CATL #LFP #Battery #BatteryProduction #BatteryMarket #BatteryMarketNews #BatteryNews #BatteryMarketTrends #BatteryNewsUpdates #BatteryNews2024 #eMobility #Battery #BatteryProduction #BatteryNewsPage #BatteryResearch #Batteries #CleanEnergy #BatteryIndustryNews

Are you doing a plant build out? If your company is planning to hire an engineering firm, read this first! #engineeringfirm #buildout #plantbuild #buildouts