Norway’s Elinor Batteries has entered a collaboration with Chinese battery company Morlus Technology.
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The partnership grants Elinor access to Morlus’ battery technology and expertise in factory construction. Elinor says it expects it will have batteries for commercial sale in the European market by spring 2025, with some products to be launched for order this autumn.
Arne Fredrik Lånke, CEO of Elinor Batteries, said: “This level of expertise does not currently exist in Europe, and it is crucial for our plans to establish a battery value chain in the Nordic region.”
Morlus founder, Shen Xi, formerly led battery design, factory design and construction for BYD.
He said: “Norway is the country with the highest proportion of renewable energy globally, and it has a strong industrial foundation. Both will enable us to produce a green and low-carbon battery, which is unique.”
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By GlobalDataThe agreement between Morlus and Elinor covers product development, production, and factory construction. The agreement will accelerate the plans for building the gigafactory for battery production in Orkland, with an investment decision targeted for 2025.
“The Elinor team has demonstrated exceptional professionalism, efficiency, and immense passion for the work they will undertake. Coupled with their investor Valinor’s rich experience in the renewable energy sector, this gives us strong confidence in our future collaboration.”
