Latest news with #MorrowBatteriesAS
Bloomberg
04-06-2025
- Business
- Bloomberg
Morrow CEO Says Trade War Makes European Batteries More Relevant
Morrow Batteries AS Chief Executive Officer Lars Christian Bacher said the Trump administration's trade policies are making batteries produced outside of China 'more relevant,' as European and US businesses seek suppliers closer to home. 'More people and companies and politicians are talking about friend-shoring or on-shoring,' Bacher said in a Bloomberg TV interview Wednesday. 'There is a space for a company like ours and, yes, customers that we talk to are willing to pay more for that diversification.'
Bloomberg
10-03-2025
- Automotive
- Bloomberg
Norway's Morrow Nears Battery-Cell Output After Industry Flops
Norway's Morrow Batteries AS is poised to begin production of lithium-iron phosphate cells at its factory in southern Norway, looking to learn from the failures of other European producers. After setbacks at Northvolt AB, Britishvolt Ltd. and Freyr Battery, Morrow is among a handful of the remaining European manufacturers seeking to prove that regional producers can carve a niche in the Chinese-dominated market. The Arendal, Norway-based company is targeting batteries for energy storage systems and heavy machinery, rather than electric cars.
