Overview

• Finland now holds 79% of Valmet Automotive, with Pontos at 21%, after acquiring shares from CATL and taking Tesi’s stake into direct state ownership.
• Ioncor, Valmet’s carved‑out battery business, shifts to state-related control with Finnish Minerals Group at 70%, Varma at 16% and Pontos at 14%.
• New funding includes about €37.5 million committed to Valmet and roughly €20 million to Ioncor to stabilize operations and refocus the businesses.
• Industry reports say Porsche has ended a battery‑pack contract with Valmet, leaving Ioncor’s 2023‑built Kirchardt, Germany plant underused and its future uncertain.
• Finnish Minerals Group plans an approximately €800 million cathode‑material plant in Kotka with Beijing Easpring, targeting commercial output in 2027.