A week of battery industry news: Envision AESC breaks ground on second power battery factory in UK; CATL responds to the joint venture to build a factory in US
Dec 17, 2022
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[Envision AESC Breaks Ground on UK’s Second Power Battery Plant]
On December 9, the UK’s first super battery factory, Envision AESC Sunderland’s second factory officially started construction, the first phase of the planned annual capacity of 12GWh, which will be put into operation in 2025, is expected to provide more than 100,000 electric vehicles worldwide each year with high performance, high safety and zero carbon power battery products. This is another major breakthrough for Envision AESC in the UK after the mass production of its first plant in Sunderland, UK in 2012.
[COSMX has been selected again by international car companies!]
With the accelerated penetration of global electrification, Chinese power battery companies are frequently favored by international car companies with the advantages of products, production capacity, and supply chain.
On December 14, COSMX announced that the company had recently received a notification from Jaguar Land Rover Limited (hereinafter referred to as “Jaguar Land Rover”).
Jaguar Land Rover has selected the company as its designated supplier to develop and supply 12V low-voltage lithium batteries, which will be in mass production in 2025 according to the customer’s demand plan.
[CATL responds to the joint venture to build a factory in the U.S.]
On December 15, related media reported that Ford Motor and CATL are considering establishing a battery manufacturing plant in Michigan, USA.
According to sources, the two companies are weighing a new ownership structure under which Ford would own equity in the plant, including the building and infrastructure, while CATL would operate the plant and own the technology to make the batteries, and the plant would supply Ford with lithium iron phosphate batteries. Such an arrangement would make the facility eligible for production tax credits under the new act, while not requiring direct financial investment from CATL.
In response to the news, both CATL and Ford responded. The former said that it is still considering investing in the U.S., that no decision has been made, that there are multiple models under discussion, and that all options are based purely on business considerations. The latter responded that negotiations with CATL were continuing and that it did not have any new news to announce at this time.
It is important to note that the international market is only part of CATL’s layout, and CATL is also steadily advancing in the domestic market. Just on the 14th, CATL picked up two major partnerships in one day.
According to its official account, CATL and Huawei Terminal signed a memorandum of cooperation in Ningde, Fujian Province. According to the MOU, the two sides will actively discuss the Huawei Smart Car project to achieve complementary advantages and win-win cooperation. Huawei Terminal will recommend CATL as the first preferred partner for the Huawei Smart Car partner’s automotive power battery.
At the same time, CATL also signed a strategic cooperation framework agreement with Chery Group. According to the agreement, CATL and Chery Group will cooperate in all aspects of a product, business, marketing, and commercial information resources. In addition to the supply of passenger car batteries and technical cooperation, the two sides will also carry out joint exploration of public transportation, new energy triboelectric convergence, and power exchange in the fields of buses, logistics vehicles, heavy trucks, and electric ships.
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