Tesla, LGES reported to sign USD 4.3 billion deal for U.S. LFP batteries On July 30, LG Energy Solution signed a USD 4.3 billion deal to supply Tesla with energy storage system batteries, according to a person familiar with the matter, supplying lithium iron phosphate (LFP) batteries from its U.S. battery cell plant in Holland, Michigan. LG Energy Solution announced earlier that it had signed a USD 4.3 billion contract to supply LFP batteries fro...

News  Updated at: 2025/07/31

production facility of RENERA LLC. To witness the assembly of traction batteries for electric buses and light electric transport. Both companies discussed the development of electric mobility in the Republic of Uzbekistan and also discussed the possibilities of implementing projects for stationary energy storage devices. The parties expressed mutual interest in the phased localization of batteries in the Republic and expressed hope for further d...

News  Updated at: 2025/07/30

JMEV officially enters Singapore with launch of ELIGHT EV On July 29, 2025, Jiangxi Jiangling Group New Energy Vehicle (JMEV) inaugurated its Singapore showroom and introduced the right-hand-drive ELIGHT, signaling a key advancement in its Southeast Asian expansion. The event was attended by senior JMEV executives and local partner Valor Auto. The ELIGHT offers a 2750 mm wheelbase, 410 liters of cargo space (expandable to 1830 liters), and 18 tho...

News  Updated at: 2025/07/30

Musashi India unveils Bengaluru R&D hub for E-Mobility and energy storage On July 29, Musashi India, the local arm of Japan’s Musashi Seimitsu Industries, launched the Musashi Technology Excellence Centre (MTEC) at Bengaluru’s Atria University campus. This new R&D and prototyping facility will focus on developing and testing advanced energy storage systems and e-mobility solutions for the Indian market. With an initial investment of about INR...

News  Updated at: 2025/07/29

n USD 200 million in additional equity investment, bringing total investment to date in Lyten to more than USD 625 million, as it works to accelerate its acquisition strategy and expansion plans in both the U.S. and Europe.  Additionally, Lyten announced it has acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems (VMS), Voltrack, and future BESS products currently in development. This is Lyten’s third Northvolt...

News  Updated at: 2025/07/29

flame-retardant encapsulation foam series is designed to minimize thermal propagation between battery cells. The lightweight foam delivers superior flame-retardant performance by effectively inhibiting fire spread, significantly enhancing battery safety in applications ranging from EVs to portable energy storage systems. Beyond encapsulation foams, Covestro offers a wide range of polyurethane-based solutions for EV batteries, including battery c...

News  Updated at: 2025/07/25

Toyota, Shenergy forge partnership for application of vehicle-mounted batteries On July 21, Toyota announced the recent signing of a strategic cooperation agreement with Shenergy Co., Ltd. (Shenergy). Going forward, the two companies will leverage Toyota’s technology accumulation in nickel-metal hydride batteries and energy storage to jointly advance the development of vehicle-mounted nickel-metal hydride batteries for energy storage systems. T...

News  Updated at: 2025/07/25

decline in Q2 due in great part to lower automotive deliveries, and reduced vehicle average selling price, but other factors along its line of products and services. •    Automotive sales fell 14.6% to USD 15.8 billion•    Automotive regulatory credits fell 50.7% to USD 439 million•    Energy generation and storage sales fell 6.7% to 2.8 billion Of the 410,244 vehicles Tesla produced in Q2 (down 0.1% from 410,831 in Q2 2024), 396,835...

News  Updated at: 2025/07/25

Turntide, UK expands battery technology production area On July 16, Turntide Technologies inaugurated its new energy storage and battery technology production area at its engineering campus and global headquarters in Gateshead, UK. It enhances Turntide’s ability to serve growing demand across multiple transportation and industrial sectors. Turntide has integrated its three North East sites to create a consolidated engineering campus in Gateshea...

News  Updated at: 2025/07/24

Exide Industries, India increases total equity in battery arm EESL to INR 37.02 billion On July 22, Exide Industries Limited (EIL) announced an equity investment of INR 1 billion in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). With this latest infusion, EIL’s total equity investment in EESL has reached INR 37.02 billion. The shareholding structure remains unchanged, with EIL retaining full ownership of EESL. EESL is curre...

News  Updated at: 2025/07/23

agreement, the two companies will deepen cooperation in the following three core areas. -          Joint establishment of an intelligent charging network: Step up building an ultra-fast charging network connecting all counties in Hubei. -          Exploration of innovations in the energy ecosystem: Boost the application of technologies such as energy storage, virtual power plants, and V2G (Vehicle to Grid). -          D...

News  Updated at: 2025/07/23

Gelion receives Australian Government grant for Sulfur battery development On July 8, Gelion plc announced the commencement of the Australian Renewable Energy Agency (“ARENA”) AUD 4.8 million grant for its Advanced Commercial Prototyping Centre Project (“ACPC”) in Sydney. The ARENA grant, which is matched by Gelion, supports capital and operational expenditure over three years, totalling AUD 9.6 million, to advance its sulfur battery tech...

News  Updated at: 2025/07/18

GM, Redwood Materials plan use of U.S.-built batteries for energy storage On July 16, General Motors announced it has signed a non-binding memorandum of understanding with Redwood Materials to accelerate deployment of energy storage systems using both new U.S.-manufactured batteries from GM production plants and second-life battery packs from GM EVs. This collaboration marks a significant step toward taking GM’s advanced battery technology beyo...

News  Updated at: 2025/07/17

Eaton to acquire Resilient Power Systems On July 16, Eaton announced it has signed an agreement to acquire Resilient Power Systems Inc., a leading North American developer and manufacturer of energy solutions, including solid-state transformer-based technology. The transaction is expected to close in the third quarter of 2025. “Resilient’s medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC...

News  Updated at: 2025/07/17

China's Tianneng plans battery assembly plant in Jaén, Spain to serve European market On July 15, multiple sources reported that the Chinese multinational Tianneng, known for manufacturing batteries for the mobility and energy storage sectors, is considering the city of Jaén in Spain as a preferred location for establishing a new battery assembly plant. The mayor of Jaén explained that they have met with company’s executive to understand the...

News  Updated at: 2025/07/16

, as well as the Chevrolet Silverado and GMC Sierra light-duty pickups at Orion Assembly in early 2027, according to GM spokeswoman Tara Kuhnen. GM said that the expansion of the Orion site has already been made, with a new body shop and space addition to the paint shop, and includes a Rechargeable Energy Storage System (RESS) facility where production of battery modules has been underway since summer 2024 with 200 GM workers.  The RESS supplies...

News  Updated at: 2025/07/16

mobility and production technologies. It worked alongside project partners such as Mercedes-Benz, Siemens, Bosch, and the German Aerospace Center (DLR) to complete this publicly funded, five-year project.  The FlexCAR platform envisions a future where major vehicle systems, such as the drivetrain, energy storage, and interior, can be easily configured or updated. Constellium developed a modular sill concept using aluminum extrusions made from Co...

News  Updated at: 2025/07/15

GAC Group to build energy replenishment networks with Beijing’s Daxing District, HXFL On July 9, GAC Group signed a strategic cooperation framework agreement with the Daxing District People’s Government of Beijing Municipality and Huaxia Financial Leasing Co., Ltd. (HXFL). Under the agreement, the three parties will launch in-depth cooperation to promote the construction of New Energy infrastructure and new power systems, with emphasis on pub...

News  Updated at: 2025/07/14

PRO-NET and AMTEL partner to advance sustainable EV battery recycling in Malaysia Announced on July 9, 2025, Proton New Energy Technology (PRO-NET), a subsidiary of PROTON, has signed a Memorandum of Understanding (MoU) with AMTEL Cellular Sdn Bhd (AMTEL), a subsidiary of AMTEL Holdings Bhd, to ensure the responsible transportation, disassembly, and disposal of EV batteries. The partnership aims to extend the lifecycle of EV batteries and support...

News  Updated at: 2025/07/14

Hungary and China to launch joint EV and energy storage development center in Hungary On July 9, a memorandum of understanding (MoU) was signed to launch a joint Hungarian Chinese automotive and energy storage development and validation center near the ZalaZONE Automotive Proving Ground. According to the agreement, a joint research and development, testing, and certification center for smart electric vehicles and energy storage systems will be se...

News  Updated at: 2025/07/11