European OEMs Cell Producers - Joint Ventures & Investments Updates (August 2020)

August 2020, Lithium Li-ion Battery Gigafactories Update:

Automakers around the world are preparing for the age of Electric Vehicles by establishing Joint Ventures with Li-ion Battery cell producers. Over 90% of these JVs were established in the last 3 years. 

Since my last post, in January 2020 the following new JVs & investments were announced:

• April: Toyota & BYD 50:50 JV

• May: Volkswagen takes 26% stake in Guoxuan (aka Gotion)

• July: Daimler takes stake in Farasis

• July: Honda takes a 1% stake in CATL

Further JVs are under consideration:

• BYD & JLR

• Foxconn & Fiat Chrysler

Forming JVs is one measure of Automakers to secure supply, costs and quality of the Batteries for TVs