Bangladesh Lithium-ion Battery News

Recent industry report about Bangladesh Lithium-ion Battery company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Bangladesh Lithium-ion Battery Market industry experts.

Bangladesh Lithium-ion Battery News

  • February 2022: Gangchill Group started marketing environmentally friendly lithium-ion batteries in Bangladesh.
  • August 2022: Palki Motors announced that it plans to launch its own locally assembled electric vehicle. The electric vehicle is a four-door and four-wheel battery-swappable electric vehicle priced at USD 4756.
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  • June 2023: Engie, Eku Energy, and Fluence commissioned the Hazelwood big battery, Australia's first large-scale battery project, at the former coal site of a power station in the state of Victoria. The 150 MW battery claims several Australian firsts in its design and operation.
  • January 2023: The United States-Australian company Recharge Industries planned to build a large battery cell factory in Australia and appointed Accenture as an engineering services provider to take the project forward. When fully operational, the lithium-ion battery cell factory is expected to offer an annual capacity of up to 30 GWh.
  • July 2023: Enevate and JR Energy Solution from Korea joined forces to establish a battery cell electrode factory in the United States. Together, they will customize lithium-ion battery cell electrodes, encompassing both anodes and cathodes, and offer electrode solutions to various customers. The companies are currently assessing potential locations in the US. Their objective is to achieve an annual paired electrode capacity of up to 6 GWh (6 GWh anode + 6 GWh cathode) through different stages of construction.
  • February 2023: Kautex Textron GmbH & Co. KG announced it had received the first order from an automotive OEM for a thermoplastic composite underbody battery protection skid plate. The skid plate is part of the company's new Pentatonic battery system product line supporting battery electric vehicle production.
  • June 2023: Lyten Inc., a United States-based battery manufacturer, announced the commissioning of its lithium-sulfur battery pilot line in Silicon Valley. The lithium-sulfur pilot line is expected to start delivering commercial battery cells by the end of 2023 to early adopting customers within the defense, logistics, automotive, and satellite sectors.
  • May 2023: the Australian battery technology company Li-S Energy announced the development of 20-layer battery cells utilizing third-generation semi-solid-state lithium-sulfur battery technology. Compared to current lithium-ion (Li-ion) cells, this performance is nearly double the gravimetric energy density and a comparable volumetric energy density.
  • September 2023, in accordance with Prime Minister Narendra Modi's ambitious initiative 'Mission LiFE' (Lifestyle for Environment), the Technology Development Board (TDB) revealed its partnership with Aloe Ecell Pvt Ltd, an innovative startup based in Lucknow, Uttar Pradesh.
  • November 2022: Researchers at MIT have invented new ways to improve the energy density of non-rechargeable or primary batteries. This invention is expected to enable up to a 50% increase in extending lifetime or a corresponding decrease in size and weight for a given power or energy capacity. The new materials work at human body temperature, making them suitable for medical implants.
  • March 2022: FDK Corporation announced the consolidation of domestic production plants to strengthen its production system for high-capacity cylindrical-type primary lithium battery production plants into a single location. FDK will terminate production at Washizu Plant and consolidate the production plant at Tottori Plant. The production facilities operations were expected to restart at the Tottori Plant by the end of 2022 after the relocation.
  • May 2022: A solar power developer, Pine Gate Renewables, signed an agreement with Urban Electric Power to facilitate rechargeable Zinc-Alkaline batteries of 4500 MWh for the next five years. The batteries are expected to give the utility a cost-effective energy storage solution with no thermal runaway fire risk. Hence, it would benefit the development of the alkaline battery market.
  • March 2022: Alchemy Industrial and Urban Electric Power launched a residential energy storage system known as Ohm Core that would use rechargeable alkaline batteries to provide energy storage. Since Alkaline also lessens supply chain complications by incorporating recyclable materials, it would bolster its market growth in the forecast period.
  • In June 2023, the Federal Highway Administration (FHWA) updated its National Electric Vehicle Infrastructure (NEVI) Formula Program guidance and revealed Alternative Fuel Corridors (AFC) Round 7 designation requests for nominations. The USD 5 billion NEVI Formula Programme allocates funds to states that build electric vehicle (EV) charging infrastructure. NEVI requires each state to submit an annual EV Infrastructure Deployment Plan. Plan revisions must be submitted for FHWA approval by August 1, 2023.
  • In April 2023, Walmart and Sam's Club in the United States announced plans to make electric vehicle (EV) ownership more accessible, dependable, easy, and inexpensive for customers nationwide. Walmart wants to create EV fast-charging network at thousands of Walmart and Sam's Club outlets nationwide by 2030. This would be in addition to the nearly 1,300 EV fast-charging stations presently accessible at over 280 facilities in the United States.
  • May 2023: Marubeni Corporation of Japan is collaborating with VinES, a Vietnamese battery and energy-as-a-service provider, to create energy storage facilities in the Southeast Asian country. Marubeni will start its part of the collaboration with a feasibility study of battery energy storage system (BESS) installations that might be deployed at Vingroup commercial and industrial (C&I) locations.
  • November 2022: VinES Energy Solutions, a subsidiary of Vietnam's largest conglomerate Vingroup JSC and China's Gotion High-Tech, began constructing a USD 275 million battery factory in Vietnam. The factory in Ha Tinh, Vietnam's central province, will generate 30 million lithium iron phosphate (LFP) battery cells yearly.
  • June 2023: Toyota has announced its plans to incorporate high-performance solid-state batteries and other cutting-edge technologies into upcoming electric vehicles (EVs) to enhance the driving range and reduce costs. This technology roadmap unveiled by the Japanese automaker encompasses many initiatives, including developing next-generation batteries and a radical redesign of manufacturing facilities. This comprehensive disclosure represents Toyota's determined strategy to compete in the rapidly expanding EV market.
  • April 2023: Volkswagen is strengthening its collaboration with Redwood Materials by introducing a consumer battery recycling program. Volkswagen of America, Inc. and Redwood Materials, Inc. will provide consumers with a convenient solution to recycle their rechargeable devices and lithium-ion batteries. Participating Volkswagen dealerships will offer Redwood bins to facilitate this initiative, allowing for safe and hassle-free drop-off of rechargeable batteries and consumer devices such as cell phones, laptops, tablets, cordless power tools, electric toothbrushes, wireless headphones, and old vacuum batteries.
  • In December 2021, Reliance New Energy Solar Limited entered an agreement with Faradion to acquire 100% of the equity shares for a total value of USD 117 million. Faradion is a UK-based leading battery technology company with an extensive IP portfolio covering many aspects of sodium-ion technology.
  • In December 2021, Northvolt produced its first lithium-ion battery cell at its factory in Skelleftea, Sweden. The facility is expected to have a yearly output of 60 GWh, which is enough to supply batteries for around 1 million EVs. It had planned to begin commercial delivery in 2022.
  • In December 2022, South Africa's leading utility and grid operator Eskom announced the start of construction of its first battery energy storage system (BESS) with Hyosung Heavy Industries. The facility will have a capacity of 8MW, equivalent to 32MWh of distributed electricity. The BESS project will utilize large-scale utility batteries with a capacity of 1,440MWh per day and a 60MW PV capacity. It will be one of the largest BESS projects to be developed and implemented in South Africa.
  • In August 2022, South African electricity supplier Eskom announced the details of 343 MW of battery energy storage deployments. The rollout is expected to serve as a proof of concept for the country's most significant delivering battery storage projects. The buildout will include large-scale batteries with capacities of 1,440 MWh per day and 60 MW of solar, which will be implemented in two phases across 12 sites in South Africa.

Lithium Ion Battery Market in Bangladesh Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)