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​.

GIB EnergyX will license Gotion's LFP technology for lithium-ion cells to Amara Raja for manufacturing LFP cells in both cylindrical and prismatic form factors.

Æsir Technologies Inc of Joplin, Missouri, USA, is a spin-off company ZAF Energy Systems Inc.

Sunswap will use the money to support the further development, production, and commercialisation of its technology: solar panels mounted on the roof of a reefer trailer to supply energy to the refrigeration unit, thus reducing the fuel consumption of the whole truck-trailer combination.

Chai will be at the centre as the company looks to scale up production at its Gigafactory in Voderady, Slovakia, after securing significant funding from the Slovakian Development Bank earlier this year.

The new Xuanwu battery features in the Farizon Xingxiang V7E light van, which has a driving range of 305 km on a single charge and is aimed at the local delivery sector offering seven cubic metres of cargo capacity and a payload of 1.3 tons.

The site houses the battery R&D centre (InnoLab Battery) and the manufacturing component, which is currently producing battery cells and packs on a prototype line in order to acquire the necessary knowledge before series production in the second half of the decade can commence.

Two battery packs were introduced under the new CATL Tianxing brand name.

The consortium claims that the lithium-ion battery enhanced with Niobium, is an unprecedented innovation in the global automotive industry, offering ultra-fast charging capabilities to achieving full charge in just 10 minutes.

This debut marks the first product from Maxion Structural Components' global partnership with French battery supplier, Forsee Power, announced in April last year.

The company added Canadian bus manufacturer Letenda to its client list. Forsee announced that its Zen Plus battery systems will be integrated into Letenda’s 9-metre Electrip zero-emission buses in Q4 2024. According to Forsee, use of NMC lithium-ion cells allows the battery pack to offer up to 5,000 charging cycles, increasing its TCO.