L&F Signs LFP Cathode Supply Contract With U.S. Firm Coreshell

According to reports, Gotion High-Tech is currently in deep negotiations with Volkswagen regarding the battery gigafactory under construction in Valencia, Spain. The discussions involve establishing a joint venture around the factory, with Gotion High-Tech potentially securing a majority stake in the venture. Gotion High-Tech's Chairman, Li Zhen, has led a team to conduct on-site inspections at the Sagunto plant site in Valencia. These negotiations are focused solely on the Valencia plant and do not involve Volkswagen's battery subsidiary PowerCo's other global assets. The factory was originally scheduled to begin trial production in September 2026, but due to construction and supply chain factors, the production timeline has been adjusted to the end of 2026. In response to market speculation, PowerCo stated that it continuously evaluates various strategic cooperation opportunities but currently has no plans to relinquish control of the Valencia plant. The negotiations are still ongoing, and whether the transaction will be finalized and the exact structure of the cooperation remain undetermined.

Recently, the National Environmental Information Disclosure Platform for Construction Projects released the first public notice regarding the environmental impact assessment of Jiangsu Chenfeng Renewable Resources Co., Ltd.'s annual 30,000-ton lithium battery recycling and reuse project, soliciting public comments and suggestions. The project is a new build with a total investment of 100 million yuan. Upon completion, it is expected to produce annually: 2,970 tons of anode graphite materials; 2,565 tons of copper; 1,569 tons of aluminum; 1,710 tons of steel; and 6,840 tons of crude black powder and lithium iron phosphate black powder, the latter processed through oxygen-atmosphere lithium extraction conversion, blending, drying granulation, solid-phase calcination, and other processes.

SK On and U.S.-based solid-state battery company Factorial Energy announced on July 30 that they have signed a memorandum of understanding (MOU) for solid-state battery manufacturing cooperation. With the agreement, SK On has secured its second solid-state battery partner following Solid Power.