Battery Assembly Plant -

Ford bags $9.2 bn loan for battery plants, but plans layoffs in ICE unit

Once ready, the plant in Tennessee (pictured) and two others in Kentucky will have a combined annual production capacity of 120 gigawatt hours. Image Courtesy: BlueOval SK

The US Department of Energy is lending $9.2 billion to a joint venture of between Ford and SK to help build three new battery plants in the US, it announced in a press release. The...

Canada invests CAN$300 million in GM-POSCO Chemicals battery materials plant

Canada will invest CAN$300 million in a plant being set up by General Motors and POSCO Chemicals to manufacture battery materials, the country announced. America's GM and South Kor...

Hyundai, LG Energy announce $4.3 billion battery cell plant in the US

Hyundai Motor Group and LG Energy Solution (LGES) will together build an EV battery cell manufacturing facility in the US at an investment of over $4.3 billion, the companies annou...

Microvast loses $200 million US grant over China concerns

The US Department of Energy has withdrawn a $200 million grant to US battery maker Microvast, citing concerns over the company's connections with China. The grant was aimed at help...

Replus ramps up effort for the roll out 1 GWh Li-ion battery assembly plant in Pune

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Battery cases used in battery manufacturing

Pune-based advanced energy storage solutions provider, Replus Engitech Pvt Ltd., continues to bet big on its lithium-ion battery business. A year on since its joint venture with $1...