To avoid bankruptcy, the troubled battery manufacturer Northvolt is filing for reorganization and bankruptcy protection in the US, in a so-called Chapter 11 process.In addition, CEO and founder Peter ...

Nach Recherchen des NDR gibt es neue Details aus dem als geheim eingestuften Gutachten der Beratungsgesellschaft PwC. Dieses war im Vorfeld der Förderzusagen für das Northvolt-Batteriewerk in Heide vo...

MUNICH (Reuters) -Chinese battery maker CATL’s new plant in Hungary is expected to start production by early next year, its general manager for Europe said on Sunday, as the company looks to the region for growth. CATL invested 7.3 billion euros ($8.55 billion) in the plant in the eastern city of Debrecen, seeking to expand battery production in Europe for automakers such as BMW, Stellantis and Volkswagen. The new site would dwarf CATL’s existing European battery production facility in the German state of Thuringia, with a planned annual production capacity of 100 gigawatt-hours and a 9,000-strong workforce. CATL’s general manager for Europe Matt Shen told Reuters the current goal was to start production at Decrecen "at the end of this year or beginning of the next year, so the next four, five months". The company had initially hoped to launch production by the end of 2025. CATL is one of many Chinese players attending this year’s IAA Mobility car show in Munich, which officially kicks off on Tuesday, as European carmakers struggle to keep up in the shift to electric vehicles. CATL has been extending its lead in the EV battery market, with a 38% share globally in 2024, up from 36% a year earlier, according to data from SNE Research. The company raised $4.6 billion in its Hong Kong stock exchange debut in May, which helped fund the Hungarian project. Shen shrugged off concerns about sluggish demand for EVs in Europe. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ($1 = 0.8535 euros) Should you invest $2,000 in STLAM right now? First, check if it's included in one of this month's AI-powered stock strategies for ProPicks AI. Investing.com created these strategies to identify the most exciting trading opportunities currently in the market. The stocks that made the cut could produce monster returns in the coming years, like ViaSat and Sapiens, both up over 60%+ each in Q2 of 2025 alone. Is STLAM one of them?

BERLIN (Reuters) -German carmaker Porsche AG has scrapped plans to produce high-performance batteries at its Cellforce unit, citing slow demand for electric vehicles and changed conditions in China and the United States. The move, which according to a person familiar with the matter will see about 200 of the nearly 300 jobs at the subsidiary cut, is a further blow to European efforts to challenge Asia’s dominance in automotive battery manufacturing. Cellforce will be turned into an independent research and development unit, the company said in a statement on Monday. "Porsche is not pursuing its own battery cell production for reasons of volume and lack of economies of scale," Oliver Blume, who serves as CEO of both Porsche and majority owner Volkswagen, said on Monday. The company, which declined to specify cutbacks, said some jobs could potentially move to Volkswagen’s battery unit PowerCo, and Cellforce’s expertise would also benefit V4Smart, the automotive battery unit taken over from Varta earlier this year. Even as European carmakers seek to transition to electric vehicles to cut greenhouse gas emissions, hopes within industry and governments to foster a battery supply chain in Europe were frustrated by the collapse of Swedish EV battery maker Northvolt this year. Porsche said in April it would no longer pursue plans to expand production at Cellforce. It had planned to construct a "start-up factory" in the southwest German state of Baden-Wuerttemberg in 2022, to be followed by a larger second location. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. However, "due to a lack of volume worldwide, it is not possible to scale up its own production to the planned cost position," said Michael Steiner, Porsche executive board member for research and development. ProPicks AI analyzes thousands of stocks using 100+ institutional-grade financial metrics to identify the strongest opportunities. With 80+ strategies across global markets, you might be surprised where VOWG appears. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Each strategy refreshes monthly with 10-20 high-conviction picks. Even if VOWG isn't currently featured, you'll discover similar opportunities in the same industry or theme—stocks the AI identifies before they breakout. Now up to 50% off while our Summer Sale lasts.

Government Unveils Aggressive Plan to Electrify Transport SectorThe Thai government is preparing an ambitious action plan to put 300,000 electric...