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Tesla ramps up battery cell investments at German gigafactory
Reuters· 2025-12-16 18:15
Tesla is creating the conditions to produce up to 8 gigawatt hours of battery cells a year at its German gigafactory in Gruenheide near Berlin starting in 2027, the U.S. automaker said in a statement ... ...
MBAK Energy Solutions, Inc. announces 2026 guidance showing explosive growth under new OTC Ticker - OTC:MBAK
Globenewswire· 2025-12-03 13:15
Core Insights - MBAK Energy Solutions, Inc. has secured production orders for 2026 totaling 65 million USD, marking a record-breaking sales turnover [1] - The company has expanded its original contract for 100 MWh to 350 MWh for an Indian power grid, alongside manufacturing battery cells for the data center market [1] - The contracts support India's efforts to enhance its energy production capacity through renewable energy sources [1] - There is increasing demand for MBAK's battery cells in the electric two-wheeler market across Europe, India, and Africa due to their reliability and energy density [2] Company Overview - MBAK Energy Solutions, Inc. specializes in the development, manufacturing, and commercialization of non-fossil fuel energy products, including lithium, sodium, and solid-state batteries [3] - The company's products cater to various applications, including industrial, medical, portable electronics, and electric vehicles [3] Market Demand - The company is experiencing steady inquiries from Southeast Asian nations and the USA, indicating a growing interest in its products [1] - Further updates on pending projects and purchase orders are expected to be released soon [2]
Agratas unveils latest developments at £4bn battery facility in Somerset
Yahoo Finance· 2025-11-10 10:02
Core Insights - Tata Group's Agratas is constructing a £4bn ($5.27bn) battery manufacturing plant in Bridgwater, Somerset, aimed at advancing clean technology and supporting the UK's energy transition [1][4] Construction Progress - Current construction highlights include the progress on 'Building One', with teams working on multiple floor levels and 3,000 tonnes of locally sourced concrete already poured [2] - A steel frame for a central utilities building, measuring 100m in length, has begun to emerge [2][3] Employment and Economic Impact - The initial manufacturing building is expected to support over 2,200 direct jobs and approximately 7,500 roles within the broader supply chain during construction [3] - Recruitment for up to 1,600 operational positions is anticipated to start next year, preparing for battery cell production [5] - Once fully operational, the facility is projected to contribute over £700m annually to the South West's economy [5] Project Timeline and Collaboration - Construction began in 2024 and is scheduled to continue through to 2026 [4] - Sir Robert McAlpine has been selected as the delivery partner for Building One, showcasing UK engineering and collaboration [6]