Chinese-owned Volvo Cars is taking over its joint venture with Northvolt as the battery manufacturer struggles with scaling production and challenging market conditions. The joint venture, NOVO Energy, was expected to begin production in 2026 from a facility in Gothenburg, Sweden. The project has planned investments of $2.8 billion and a 2030 pipeline capacity of […]
> Once heralded as Europe’s best shot at competing in the global battery industry, Northvolt has filed for bankruptcy in Sweden. This follows its bankruptcy filing in the US last November. Northvolt’s hopes at securing further investment to support its operations fell through on Wednesday, following the company’s struggles to ramp up production at its gigafactory […]
> Northvolt is re-orienting its focus to large-scale battery cell manufacturing, placing its battery material capabilities in Europe on hold to streamline its operations amid challenges ramping up battery cell production. Following a strategic review of its business, Northvolt confirmed the Ett Upstream 1 cathode plant would be put on care and maintenance and the site […]
> Automakers are increasingly forming partnerships in the recycling space to improve the sustainability credentials of their batteries and prepare for upcoming legislation. Last week, Volvo Cars signed an agreement to provide recycled materials to CATL to use in its batteries for the automaker. Volvo will collect retired batteries from its electric vehicles (EVs) and use […]
> Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]
> The UK currently has no operating lithium extraction facilities. However, there are ambitious plans to develop this industry, with 97,000 tonnes LCE per year of nameplate capacity in the pipeline at various stages of funding and development. Direct lithium extraction (DLE) from geothermal brines accounts for 60% of this pipeline, according to Benchmark’s Lithium Forecast. […]
> Swedish battery company Northvolt has filed for bankruptcy in the US, in a setback for Europe’s ambitions to compete with the largest Asian producers of lithium ion batteries for electric vehicles. The company’s co-founder and chief executive Peter Carlsson will also step down from the struggling battery maker, it said. The news highlights the difficulty […]
> The Indian government has acknowledged that black mass exporters are circumventing hazardous waste export rules through the use of unrelated HS codes. Under current regulation, black mass can only be exported from India under a certain HS code once the exporting company has received an export control licence and further permissions from the Indian government. […]