Notable Events

Notable Events

August

Notable Events | August

Northvolt raises $1.2B to expand to North America.

Lamborghini introduces its first EV model at 2023 Monterey Car Week.

GM announces that all Ultium-based EVs will have vehicle-to-home charging.

Fisker adopts NACS, giving customer access to Tesla Superchargers by 2025.

Proterra files for bankruptcy.

Week 1

Week 2

QuantumScape raises $300M from public offering. EVE Energy invests $422M in new battery plant in Malaysia. LGES and Zhejiang Huayou Recycling partner on battery recycling JV.

Week 3

John Deere invests $70M in offices and manufacturing in North Carolina. ICL Specialty Products breaks ground on $400M plant to produce LFP cathode, 30 ktpa by 2025.

CATL unveila Shenxing EV battery that can charge 400 km in 10 minutes. Novonix announces plans to build $1B graphite plant in Chattanooga.

Week 4

Ecopro BM, SK, and Ford invest $1.4B in new cathode facility in Quebec with capacity of 45 tpa. Accure raises $7.8M Series A2 to predict lithium-ion battery failures with AI.

Hyundai invests $400M for 5% stake in Korea Zinc to develop nickel value chain. Xpeng acquires Didi’s smart EV unit for $744M. ENGIE acquires Broad Reach Power to expand energy storage operations.

Redwood Materials raises $1B in Series D to expand battery materials operations in US. BYD acquires Jabil's mobility business for $2.2B. Hyundai and LG invest additional $2B into Georgia battery plant for total investment of over $7.5B.

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