Prior to his appointment, Bryant was CEO and Head of Manufacturing for venture capital firm BGF Investment Management Ltd, or the “Business Growth Fund”, established in 2011 by major British banks.

While the vehicle is stationary – for example, when loading or unloading cargo – the power bank recharges the traction battery, effectively acting as a range extender.

The facility is to be built next to the company’s main truck manufacturing plant in Kawasaki in partnership with Singapore-based True 2 Materials Pte Ltd (T2M).

Electra Battery Materials will use the funds to build its cobalt sufate refinery in Temiskaming Shores, Ontario, which will be the first of its kind in North America. The funds are part of a broader effort to strengthen North America's critical mineral supply chain, specifically focusing on cobalt sulfate production.

During its press conference at the show, Microvast announced that its planned battery cell and pack manufacturing plant in Clarksville, Tennessee will open between 2026 and 2027, more than three years later than originally planned.

The facility is being built in the technological-industrial development zone near Skopje and represents a significant investment, making it the company’s fifth global factory.

The new highly automated 16,000 sqm battery pack manufacturing facility produces lithium-ion batteries for heavy-duty applications.

The ‘E-CoolPac’ integrates power electronics, controls, and battery modules in a single box, storing between 15 and 35 kWh of energy depending on the specification.

Northvolt says it must reduce its total workforce by 20% and its Swedish workforce in particular by 25% to stay afloat.

The company has launched a new powder coating specifically designed for EV batteries, improving electrical protection by improving thermal management for EV batteries, which is crucial for maintaining optimal performance and safety.

The slower-than-expected transition to electric vehicles is one of the main factors behind the decision to restructure the business, though Northvolt’s CEO and co-founder, Peter Carlsson, said, “there remains no question that the global transition towards electrification — and the long-term outlook for cell manufacturers, including Northvolt — is strong”.

The BMS is designed to maximise the efficiency and performance of the batteries while being cost-effective, helping manufacturers reduce the overall costs of vehicle development​.