Notable Events

2022 Notable Events August 2022

Nikola acquires battery pack supplier Romeo Power for $144 million.

Nexeon raises over $200 million to fund battery materials manufacturing.

Week 1

Ascend Elements announces plans to invest $1 billion to make battery materials in Kentucky.

CATL postpones decision on North American factory.

Week 2

Tesla secures battery precursor material supply deals with two big Chinese companies, Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co.

Industry: Notable Events

Biden-Harris administration launches $675 million bipartisan infrastructure program to expand domestic critical battery materials supply chains.

China’s EVE Energy will supply BMW with large cylindrical batteries for its EVs in Europe,

Week 3

Mercedes-Benz to source battery material lithium hydroxide from Rock Tech Lithium.

CATL signs five-year strategic agreement with SERES to supply Qilin batteries.

Week 4

Honda and LG Energy plan $4.4 billion EV battery factory in U.S.

The Inflation Reduction Act of 2022 (IRA) signed into effect on August 16, 2022 authorized $369 billion in spending to invest in clean energy and address climate change.

Biggest News of the Year!

Celgard enters into strategic alliance for high-performance LFP battery separator technology with American Battery Factory.

Volta Foundation

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