European OEMs Cell Producers - Joint Ventures & Investments Updates (August 2020)

Battery
Written By Roland Zenn
lithium-li-on-battery-gigafactories-europe-august-2020-roland-zenn

August 2020, Lithium Li-ion Battery Gigafactories Update:

Automakers around the world are preparing for the age of Electric Vehicles by establishing Joint Ventures with Li-ion Battery cell producers. Over 90% of these JVs were established in the last 3 years. 

Since my last post, in January 2020 the following new JVs & investments were announced:

  • April: Toyota & BYD 50:50 JV

  • May: Volkswagen takes 26% stake in Guoxuan (aka Gotion)

  • July: Daimler takes stake in Farasis

  • July: Honda takes a 1% stake in CATL

Further JVs are under consideration:

  • BYD & JLR

  • Foxconn & Fiat Chrysler

Forming JVs is one measure of Automakers to secure supply, costs and quality of the Batteries for TVs

Roland Zenn

Roland is the Head of Sourcing Battery Cell Materials for Gigafactories of Farasis Energy Europe and USA.

Roland is very active on LinkedIn on Battery Technology evolution and gets a large audience following his Insights on the business

https://www.linkedin.com/in/roland-zenn/
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