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What's New to TheStreet... 🔋Volvo Delays Large-Scale Battery Plant in Sweden🇸🇪 Volvo is pushing back the construction of its new large-scale battery production plant in Sweden. As the EV industry evolves, this delay marks a significant shift in Volvo’s production plans. ⚡🚗 What are your thoughts on this decision? Share your insights below!💡👇🏻 👉🏻Follow New To The Street for more! #volvo #battery #production #evindustry #sustainability #electricvehicles #businesnews #business #news #newtothestreet

The EV battery landscape is shifting gears! 🔋 Volvo is taking charge of its joint venture with Northvolt, opening doors for fresh partnerships in their Gothenburg gigafactory and R&D center vision. With Europe’s EV ambitions on the rise, could Volvo’s move could spark new momentum in the battery production space? What does this mean for Europe’s future in EV batteries? Check it out here 👉 https://ow.ly/ArRw50U2Ygh #EVBattery #EV #BatteryTech #ElectricVehicles #SustainableFuture

Just recently, I discussed #Northvolt's significant setback with the loss of a multi-billion euro order for #batteries from BMW Group due to quality and timing issues. Now, it seems Northvolt’s challenges are deepening. 🚨 According to Automobilwoche and reported in electrive, Volkswagen has reportedly established an internal task force to address problems at Northvolt's #batterycell plant in northern Sweden. This task force aims to assess Northvolt’s delivery capabilities and consider potential restructuring if necessary. While #Volkswagen has not officially commented, this move underscores the gravity of the situation and the critical importance of reliable battery supply in the automotive industry. 🛠️🔋 It's a crucial reminder of the complexities and demands of the battery market, and the impact these issues can have on the entire supply chain. As the Head of Marketing with modual AG, a company that repurposes used EV #Batteries into sustainable energy storage solutions, I sincerely hope this situation is resolved quickly and positively, as no one wants to see a #battery manufacturer of Northvolt’s size and scale face such significant issues. 🤞🏼 👉 Jesse Morris 🔔 Follow Jesse Morris and modual AG for interesting posts on: #BatteryTech, #Sustainability and #GreenTechnology

Sandström warns that #Northvolt does not have the technical competence required to run battery production on its own. Instead, the company functions as an empty brand, mainly dependent on technology from China – technology that is also three decades old and outdated. 👀 Wuxi LEAD controls a central part of production, where all the battery components are put together and the battery cells are filled with electrolyte. This process is managed in practice by Chinese personnel on site in Sweden, which undermines Northvolt's technical independence... Wuxi LEAD also announced back in June 2022 that it has signed a cooperation agreement with Volkswagen to provide solutions for its 20 GWh lithium battery equipment, accounting for more than 65% of the parts. 💭 📖 Source¹ https://lnkd.in/ght48t_C 📖 Source² https://lnkd.in/gmj-b33G #IONAXS #IONAS #CleanMobility #eMobility #ElectricCars  #FutureMobility #Batteries #Automotive  #ElectricVehicles #AutonomousVehicles  #EV #Lithium #Innovation #Sustainability  #Recycling #Future #Energy #Efficiency #Technology #AVEVAI #TomTsogt 🔔👍

NOVO Energy, a joint venture between Northvolt and Volvo Cars, is building a factory to produce #lithium-ion batteries for #electric vehicles, with the initial focus on supplying Volvo's electric cars. The #lithium battery production industry is advancing rapidly, particularly in China, the USA, Sweden, Canada, and Germany. As many countries aim to reduce carbon dioxide emissions, electrification of gasoline and diesel vehicles has become a key strategy in achieving this goal. #Sweden stands as one of the leading nations in #lithium battery production, with some of the world's most renowned manufacturers based there. The competition between the East and West in the electric vehicle sector has significant implications for the global economy and the automotive industry. For more insight, here’s the latest discussion from NOVO's CEO with Automotive News Europe, detailing how we at NOVO Energy are working towards building our #Gigafactory to meet these ambitious goals.

Now THIS is the news we like to hear. 😁 AESC, a manufacturer of electric vehicle battery cells, unveiled plans to invest $1.5 billion in the expansion of its lithium-ion battery production facility located in Florence County, South Carolina! 🔋 We're in the thick of the EV battery recycling industry and the long-term benefits that come with it, so any positive developments to the Battery Belt, we're all for it. 👏 Here we GROW again! 👆 Read more in the comments from Manufacturing Dive! ⤵️ #evbatteries #manufacturing #batterybelt #evbattery

As demand for lithium soars due to its essential role in electric vehicle #EV batteries, the industry faces significant hurdles, including environmental challenges in key production regions. To combat these issues, Volkswagen and BMW Group are pioneering efforts to develop recycling technologies and enhance supply chain resilience. These initiatives are crucial for maintaining the pace of EV adoption and mitigating environmental impacts. Learn more about how the mobility and energy sectors are securing the future of electric mobility amidst rising lithium demand: https://lnkd.in/eejmCaSJ #ElectricVehicles #LithiumSupply #SustainablePractices #Volkswagen #BMW #InnovationInEV #EyeForBusiness Jose Antonio Barba Gomez

🔋 Exciting insights from Robin Zeng, CEO of CATL, on the future of electric vehicle batteries. Despite the potential of solid-state batteries to revolutionize EVs with greater driving ranges, Zeng highlights significant challenges in their development, such as durability, safety, and technical limitations. According to Zeng, solid-state batteries only had big advantages if they used a new type of chemistry, with pure lithium metal used for the anode electrode; however, there were multiple difficulties with bringing that to market. As we push towards carbon neutrality, innovations in battery technology remain crucial. #ElectricVehicles #Innovation #Sustainability

⚡ The EV Industry: Where Going Green is the New Full Throttle! ⚡ Ever think about how our future rides will hum quietly along instead of roaring down the road? In the electric vehicle world, it’s all about smooth, silent speed and a cleaner tomorrow! 🚗💨 And let’s not forget Northvolt, the EU’s game-changer powering this revolution with cutting-edge battery tech. They’re leading the charge toward a more sustainable and electrifying future! 🔋🌍 Whether you're a battery geek or just excited about never pumping gas again, the EV industry is where innovation meets sustainability. Here’s to all the bright minds designing the future, one charge at a time. 🔧🔌 Let’s make this electric revolution and Northvolt one to remember! #EVRevolution #Northvolt #Sustainability #Innovation #GoingGreen #ElectricVehicles

🚘🔋 The Road Ahead for Solid-State Batteries: Insights from CATL's CEO 🔋🚘 In a revealing interview, Robin Zeng, CEO of CATL, sheds light on the current state of solid-state batteries for electric vehicles. Despite high hopes for this technology to revolutionize EVs with better efficiency and longer life, Zeng highlights significant challenges still blocking its path to commercialization. This technology does not work well enough, has a short useful life and still has safety problems. From safety concerns to technical obstacles, it seems we're still a few years away from seeing these batteries in our vehicles. But fear not, CATL isn't stopping its pursuit of innovation, exploring alternatives like sodium ion and condensed matter batteries. 🌟💡 https://lnkd.in/g7NU279T #ElectricVehicles #SolidStateBatteries #Innovation #CATL #Sustainability