EV Suppliers

Morrow Batteries is a Norwegian battery manufacturer focused on producing sustainable lithium-ion batteries for electric vehicles and energy storage. Founded in 2020, Morrow leverages Norway’s renewable energy to create low-carbon LFP batteries, targeting a 50% lower carbon footprint than traditional batteries. The company is building a gigafactory in Arendal, Norway, with an initial capacity of 3 GWh, scalable to 43 GWh, to supply European automakers and ESS providers. Morrow’s batteries prioritize safety, cost-effectiveness, and recyclability, using LFP chemistry for long cycle life. Backed by strategic investors and partnerships, Morrow is also developing innovative cell designs through its R&D center. The company aims to establish a fully localized European supply chain, reducing reliance on Asian imports and supporting the region’s green transition.

Verkor is a French battery startup on a mission to manufacture low-carbon, high-performance batteries in Europe. Founded in 2020 and based in Grenoble, Verkor is backed by major industry partners (like Renault) and is constructing a Gigafactory in Dunkirk, France. Verkor focuses on large-format NMC lithium-ion cells for electric vehicles and energy storage, emphasizing clean energy use and European supply chains to reduce CO₂ footprint. The company has developed an R&D innovation center (Verkor Innovation Centre) where it prototypes and perfects its cell technology. By 2025, Verkor’s first production lines will deliver batteries for Renault’s EVs and other clients, with an initial capacity of 16 GWh scaling up thereafter. Agile and sustainability-driven, Verkor aims to bolster Europe’s battery independence with quality, competitively priced cells produced with French and European expertise and renewable power.

FREYR Battery is a Norwegian clean battery producer aiming to supply the world with sustainable, cost-efficient lithium-ion cells. Established in 2018, FREYR is building large-scale Gigafactories in Mo i Rana, Norway (leveraging 100% renewable hydroelectric power) to produce batteries with one of the lowest carbon footprints in the industry. FREYR’s technology partnerships (such as with 24M for innovative semi-solid lithium-ion technology) enable simpler production and high energy density cells ideal for EVs, commercial mobility, and energy storage. The company is also expanding to North America with a planned Gigafactory in the USA. FREYR’s headquarters in Oslo orchestrate its global activities, focusing on speed to market and operational excellence. By integrating Norway’s green energy and advanced manufacturing, FREYR aims to deliver up to 43 GWh of annual capacity by 2025, supporting the decarbonization of transport and energy on a global scale.

Northvolt is a leading European battery manufacturer focused on building sustainable lithium-ion batteries for electric vehicles and energy storage. Founded in 2016, Northvolt aims to produce the world’s greenest batteries, leveraging renewable energy and recycled materials in its production processes. The company operates one of Europe’s largest gigafactories, Northvolt Ett in Skellefteå, Sweden, with plans for additional factories in Germany and Canada. Northvolt produces high-performance NMC and LFP cells tailored for automotive and industrial applications, with partnerships including Volkswagen, BMW, and Scania. Its vertically integrated approach covers cell design, manufacturing, and recycling, ensuring a closed-loop supply chain. Northvolt’s batteries are designed for high energy density, safety, and long cycle life, and the company has secured billions in funding to scale production to 150 GWh annually by 2030. With a strong emphasis on R&D and sustainability, Northvolt is a cornerstone of Europe’s push for battery independence and decarbonized mobility.

24M Technologies is a U.S. innovator in semi-solid lithium-ion battery technology, offering a simplified manufacturing process for EV and energy storage batteries. Founded in 2010, 24M’s SemiSolid platform reduces production costs by using a thick electrode slurry, eliminating multiple steps in traditional cell manufacturing. Its batteries provide high energy density, safety, and fast charging, suitable for automotive and grid applications. 24M licenses its technology to partners like Kyocera and FREYR Battery, and has a joint venture with Volkswagen for EV cell production. The company operates a pilot line in Massachusetts and is scaling up through partnerships. 24M’s sustainable approach includes recyclable cell designs, positioning it as a key player in cost-effective, high-performance battery production for the global EV market.