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Volkswagen global EV production network grows with launch of second German site in Emden

Green Car Congress

Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 Emden is now the second site for electric vehicles in Germany following Zwickau and also joins the Chinese plants in Anting and Foshan. The global production network will then grow to five locations.

Global 435
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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

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Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Mercedes-Benz buys battery cells from various partners in the world market, to secure access to the latest technologies as well as ensure the supply to its global production network.

Mercedes 396
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

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This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

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The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL) is building its first plant outside of China in Thuringia, Germany. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally.

Germany 170
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LANXESS enters battery chemistry business; Li-ion electrolyte production in Leverkusen, Germany

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Germany-based specialty chemicals company LANXESS is entering the battery chemistry business. Starting next year, the Group will produce electrolyte formulations for lithium-ion batteries for the Chinese company Tinci. Tinci) is a leading global manufacturer of lithium-ion battery materials.

Li-ion 244
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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL) is building its first plant outside of China in Thuringia, Germany. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally.

Germany 150