Singapore Battery Consortium January Monthly Mailer

January saw significant developments in the battery industry, including CATL's launch of Freevoy hybrid batteries and Gotion High-Tech's construction of a gigafactory in Kenitra, Morocco, signaling advancements in hybrid energy and African expansion. Safety concerns arose with fires at battery recycling plants in Singapore and Missouri. Meanwhile, OCSiAl opened a graphene nanotube production plant in Serbia, while SVolt Energy announced its exit from Europe, and Northvolt planned to cut 1,600 jobs in Sweden. Additionally, General Motors dropped the “Ultium” branding for its EV batteries, reflecting shifts in strategy and branding across the sector.

• CATL lauched its Freevoy hybrid batteries https://www.catl.com/en/news/6301.html
• Gotion started to establish the gigafactory in Kenitra https://www.atalayar.com/en/articulo/economy-and-business/chinese-company-gotion-high-tech-starts-building-battery-factory-in-kenitra/20241030061000206722.html
• Fire accidents happened in the battery recycling plants in Trus https://www.straitstimes.com/singapore/fire-breaks-out-at-battery-recycling-firm-in-tuas and in Missouri https://www.kcur.org/news/2024-10-31/smoke-plume-from-missouri-lithium-ion-battery-plant-fire-forces-some-locals-to-evacuate
• OCSiAl opens SWCNT production plant in Serbia https://www.european-rubber-journal.com/article/2096364/ocsial-opens-european-graphene-nanotube-production-plant
• SVolt will terminate its EU operations https://cnevpost.com/2024/10/27/svolt-confirms-will-end-operations-europe/
• Northvolt plan to cut 1600 jobs in Sweden https://www.cnbc.com/2024/10/09/swedish-battery-giant-northvolt-says-head-of-main-plant-to-step-down.html
• General Motors drops the “Ultium” name for its EV batteries. https://www.caranddriver.com/news/a62554879/gm-drops-ultium-name/