Tag #Battery Production

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sueddeutsche.de

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Sep 17, 19:15

Schleswig-Holstein Cancels €137 Million in Subsidies for Northvolt Gigafactory

Schleswig-Holstein's finance minister announced the cancellation of €137 million in approved EU subsidies for a planned Northvolt battery factory near Heide, due to Northvolt's insolvency and ongoing acquisition negotiations with Lyten.

Schleswig-Holstein Cancels €137 Million in Subsidies for Northvolt Gigafactory

Schleswig-Holstein's finance minister announced the cancellation of €137 million in approved EU subsidies for a planned Northvolt battery factory near Heide, due to Northvolt's insolvency and ongoing acquisition negotiations with Lyten.

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Industry, Innovation, and Infrastructure

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What is the immediate impact of Schleswig-Holstein's decision to cancel the €137 million in subsidies?

The immediate impact is the removal of €137 million from Schleswig-Holstein's 2025 budget. This sum, part of a larger €700 million EU-approved package, was earmarked for the now-insolvent Northvolt's planned battery factory near Heide. The funds will not be disbursed because the project is currently stalled due to the ongoing acquisition by Lyten.

nos.nl

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Sep 3, 13:20

Dutch Water Companies Warn of Excessive Lithium in Rhine River

Dutch water companies, under the RIWA-Rijn alliance, have detected lithium levels in the Rhine River exceeding the safe limit of 11 micrograms per liter, reaching 13 micrograms per liter at Lobith, prompting a call for a European quality standard.

Dutch Water Companies Warn of Excessive Lithium in Rhine River

Dutch water companies, under the RIWA-Rijn alliance, have detected lithium levels in the Rhine River exceeding the safe limit of 11 micrograms per liter, reaching 13 micrograms per liter at Lobith, prompting a call for a European quality standard.

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Clean Water and Sanitation

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What are the main sources of elevated lithium levels in the Rhine River, and what are their implications?

Industrial discharge, primarily from Germany, is a significant contributor to elevated lithium levels. A planned lithium recycling plant in Dormagen, Germany, further threatens to increase concentrations. Objections to this plant's permit were unsuccessful.

zeit.de

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Aug 25, 13:20

Porsche Halts Cellforce Battery Production, Laying Off 200 Employees

Porsche's Cellforce battery subsidiary will lay off around 200 employees by November 30th, halting production due to slower-than-expected electric vehicle market growth and economic infeasibility, resulting in €295 million in write-downs and raising questions about the repayment of €56 million in pu...

Porsche Halts Cellforce Battery Production, Laying Off 200 Employees

Porsche's Cellforce battery subsidiary will lay off around 200 employees by November 30th, halting production due to slower-than-expected electric vehicle market growth and economic infeasibility, resulting in €295 million in write-downs and raising questions about the repayment of €56 million in pu...

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Decent Work and Economic Growth

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How did market conditions and financial projections contribute to Porsche's reversal of its strategy for Cellforce?

The layoffs at Cellforce highlight the slower-than-expected global transition to electric vehicles. Porsche's initial plan to become an e-mobility leader with its own battery production is now being revised, leading to significant financial losses, estimated at €295 million in write-downs on Cellforce production facilities. This underscores challenges faced by companies heavily investing in battery technology amid fluctuating market demands.

kathimerini.gr

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Aug 11, 22:16

Ford Invests $2 Billion in US EV Production to Counter Global Competition

Ford will invest $2 billion in its Louisville plant to produce affordable electric vehicles starting in 2027, creating almost 4,000 jobs and utilizing US-made LFP batteries to compete with Chinese rivals.

Ford Invests $2 Billion in US EV Production to Counter Global Competition

Ford will invest $2 billion in its Louisville plant to produce affordable electric vehicles starting in 2027, creating almost 4,000 jobs and utilizing US-made LFP batteries to compete with Chinese rivals.

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What is the primary significance of Ford's $2 billion investment in its Louisville plant and its broader implications for the US automotive industry?

Ford announced a $2 billion investment in its Louisville, Kentucky assembly plant to produce more affordable electric vehicles, complementing a planned $3 billion battery plant in Michigan. These initiatives will create or secure nearly 4,000 jobs, according to Ford. This directly impacts job creation and the US auto industry's competitiveness in the EV market.

zeit.de

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Jun 3, 16:14

Neptune Energy Launches Second Lithium Extraction Pilot Plant in Germany

Neptune Energy started a second pilot plant in Altmark, Germany, to extract lithium from thermal water using existing gas-well infrastructure; the project, approved until July, aims to find the most efficient and environmentally friendly method and could produce up to 25,000 tons of lithium carbonat...

Neptune Energy Launches Second Lithium Extraction Pilot Plant in Germany

Neptune Energy started a second pilot plant in Altmark, Germany, to extract lithium from thermal water using existing gas-well infrastructure; the project, approved until July, aims to find the most efficient and environmentally friendly method and could produce up to 25,000 tons of lithium carbonat...

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Affordable and Clean Energy

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What are the immediate implications of Neptune Energy's second lithium extraction pilot plant in Altmark, Germany?

Neptune Energy launched a second lithium extraction pilot plant in Altmark, Germany, aiming to optimize extraction techniques from thermal water. The plant, operational since June, utilizes existing infrastructure and expertise from the company's gas extraction operations. Testing various technologies, it seeks the most efficient and environmentally friendly method for lithium recovery.

welt.de

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Mar 25, 22:11

EU Funds Rock Tech Lithium Refinery, Boosting Europe's Raw Material Independence

The EU will provide funding and streamline permitting to support Rock Tech Lithium's stalled lithium refinery in Guben, Germany, aiming to bolster Europe's independence in critical raw material supply and reduce reliance on China.

EU Funds Rock Tech Lithium Refinery, Boosting Europe's Raw Material Independence

The EU will provide funding and streamline permitting to support Rock Tech Lithium's stalled lithium refinery in Guben, Germany, aiming to bolster Europe's independence in critical raw material supply and reduce reliance on China.

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What is the significance of the EU's decision to support Rock Tech Lithium's lithium refinery in Guben?

Rock Tech Lithium, a German-Canadian company, received a construction and operating permit for a lithium refinery in Guben, Germany in May 2024, but progress stalled due to a lack of funding and uncertain raw material sourcing. The EU will now support the project with funding and faster permitting processes, aiming for greater independence from other global regions for critical raw materials.

taz.de

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Sep 5, 01:19

Europe's E-Car Battery Dependence on China Threatens Industry

A new Deloitte study reveals Europe's significant reliance on Chinese-made electric car batteries, jeopardizing its technological sovereignty and supply security, especially as the European e-car battery market is expected to grow from €16 billion to €54 billion by 2030.

Europe's E-Car Battery Dependence on China Threatens Industry

A new Deloitte study reveals Europe's significant reliance on Chinese-made electric car batteries, jeopardizing its technological sovereignty and supply security, especially as the European e-car battery market is expected to grow from €16 billion to €54 billion by 2030.

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What is the core problem highlighted by the Deloitte study regarding Europe's electric vehicle industry?

Europe's electric vehicle industry is heavily reliant on China for batteries, with only 13% of global battery production coming from European factories in 2024, and 97% of that from Chinese and South Korean subsidiaries. This dependence threatens Europe's technological sovereignty and supply security.

forbes.com

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Aug 28, 07:20

Porsche Halts In-House EV Battery Production Amidst Slowing Demand

Porsche, facing softening global EV demand and intensifying Chinese competition, has announced that it will halt in-house EV battery production, focusing on R&D instead, impacting its 2030 plans.

Porsche Halts In-House EV Battery Production Amidst Slowing Demand

Porsche, facing softening global EV demand and intensifying Chinese competition, has announced that it will halt in-house EV battery production, focusing on R&D instead, impacting its 2030 plans.

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Affordable and Clean Energy

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How does Porsche's decision relate to broader trends in the global EV market, and what are the underlying economic and competitive forces at play?

Porsche's decision to curtail its battery production is directly linked to slower-than-anticipated EV adoption and economic factors. The significant depreciation of EV models like the Taycan, coupled with a lack of economies of scale, influenced this strategic shift. This trend mirrors similar decisions by other major automakers struggling with high EV production costs and fluctuating market demand.

welt.de

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Aug 25, 13:20

Porsche Halts Cellforce Battery Production, Laying Off 200 Employees

Porsche's Cellforce battery subsidiary will lay off roughly 200 of its 280 employees by November 30th, ending its battery production plans due to insufficient global demand for electric vehicles and economic constraints, despite receiving approximately €56 million in government subsidies.

Porsche Halts Cellforce Battery Production, Laying Off 200 Employees

Porsche's Cellforce battery subsidiary will lay off roughly 200 of its 280 employees by November 30th, ending its battery production plans due to insufficient global demand for electric vehicles and economic constraints, despite receiving approximately €56 million in government subsidies.

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Decent Work and Economic Growth

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What factors contributed to Porsche's decision to discontinue its plans to expand Cellforce's battery production?

Porsche's shift away from Cellforce highlights the slower-than-expected global transition to electric mobility. The company's initial plan to establish a large-scale battery production facility is now deemed unrealistic due to insufficient demand. This decision comes with significant financial implications, including a reported €295 million write-down on production assets.

lexpress.fr

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Aug 10, 22:15

Lyten Acquires Bankrupt Northvolt for \$5 Billion

American startup Lyten acquired the bankrupt European battery manufacturer Northvolt for an estimated \$5 billion, including Northvolt's main factory in Sweden, R&D center, and a German site, aiming to expand its lithium-sulfur battery production in Europe using locally-sourced materials.

Lyten Acquires Bankrupt Northvolt for \$5 Billion

American startup Lyten acquired the bankrupt European battery manufacturer Northvolt for an estimated \$5 billion, including Northvolt's main factory in Sweden, R&D center, and a German site, aiming to expand its lithium-sulfur battery production in Europe using locally-sourced materials.

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What are the immediate implications of Lyten's acquisition of Northvolt's assets for the European green energy sector?

The American startup Lyten acquired Northvolt, a major European battery producer, which had filed for bankruptcy in March 2024 due to slow demand and high debt. This acquisition includes Northvolt's main factory in Sweden, its R&D center, and a site under construction in Germany, totaling an estimated value of \$5 billion. Lyten plans to use Northvolt's facilities to expand its lithium-sulfur battery production in Europe.

lemonde.fr

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Apr 5, 07:18

EU's Electric Vehicle Ambitions Lag Behind China's Established Industry

The European Union's ambitious 2035 goal of 100% zero-emission vehicle sales lags behind China's established electric vehicle industry, resulting in a significant price and technological gap; average electric vehicle prices in China are 47% lower than in Europe in 2024, and Chinese brands hold a sub...

EU's Electric Vehicle Ambitions Lag Behind China's Established Industry

The European Union's ambitious 2035 goal of 100% zero-emission vehicle sales lags behind China's established electric vehicle industry, resulting in a significant price and technological gap; average electric vehicle prices in China are 47% lower than in Europe in 2024, and Chinese brands hold a sub...

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Climate Action

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What are the immediate consequences of the EU's 2035 zero-emission vehicle target given its current industrial capacity and policy?

The EU's 2035 target for 100% zero-emission vehicles is hampered by insufficient domestic battery production capacity and a lack of comprehensive industrial policy. This contrasts sharply with China's approach, which prioritized building a global electric vehicle industry from the outset, resulting in a significant cost and technological advantage.

kathimerini.gr

🌐 85% Global Worthiness

Mar 13, 22:12

Northvolt Files for Bankruptcy, Raising Concerns for Europe's Battery Production

Swedish battery producer Northvolt, once considered Europe's leading hope for domestic battery production, filed for bankruptcy in Sweden after accumulating $1.03 billion in losses in 2023, despite initial plans for a $20 billion IPO and a temporary lifeline in the US in November 2024. The company's...

Northvolt Files for Bankruptcy, Raising Concerns for Europe's Battery Production

Swedish battery producer Northvolt, once considered Europe's leading hope for domestic battery production, filed for bankruptcy in Sweden after accumulating $1.03 billion in losses in 2023, despite initial plans for a $20 billion IPO and a temporary lifeline in the US in November 2024. The company's...

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Decent Work and Economic Growth

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What factors contributed to Northvolt's financial difficulties, and what role did government support or lack thereof play?

Northvolt's failure highlights the risks of government support for specific industries and questions the EU's industrial policy. The company's collapse, despite securing a temporary lifeline in the US in November 2024, resulted in a $577 million loss for the 4 to 1 Investments AB fund, among others. Major shareholders included Volkswagen and Goldman Sachs.

Showing 1 to 12 of 24 results