Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleRenault's Ampere and Spain's Basquevolt will speed lithium metal EV batteries. Basquevolt says cells can be made simpler and cheaper, as battery storage growth brightens lithium's 2026 demand outlook.
Feb 24 (Reuters) - Renault's Ampere electric vehicle unit has signed an agreement with Spanish company Basquevolt to accelerate the development of lithium metal-based batteries for future electric vehicles, the companies said on Tuesday.
* Basquevolt said its technology can make these batterycells more simply and cheaply than elsewhere. * Lithium batteries are vital for powering up electric cars. * A boom in battery storage has bolstered the demand outlookfor lithium in 2026, driving hopes for an accelerated turnaroundfor an industry struggling with oversupply.(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)
Ampere, Renault’s EV unit, signed a deal with Spanish firm Basquevolt to accelerate development of lithium metal-based batteries for future electric vehicles.
Ampere is Renault Group’s electric vehicle and software division. Basquevolt is a Spanish battery startup developing lithium metal and solid-state battery technologies.
It aims to speed up development and validation of next‑generation lithium metal-based cells that promise higher energy density with simpler, cheaper manufacturing.
Battery storage growth is lifting the demand outlook for lithium in 2026, making advances in battery tech and supply partnerships increasingly important for EV makers and commodities markets.
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