Notable Events

Notable Events

GM agrees to include EV battery manufacturing under UAW agreement. Encorp and Natron Energy announce hybrid power platform using sodium-ion batteries. Shanshan announces $1.35B synthetic anode plant in Finland with a capacity of 100 ktpa.

Week 1

Notable Events | October

October

Week 2

LGES invests $3B to supply Toyota with EV batteries. US Treasury Department allows EV tax credit to be used as point-of-sale rebate starting in 2024.

NIO completes 30 million global battery swaps, further proving the process’s viability. LG Chem secures $2.15B cathode materials deal with Toyota for U.S. plant.

Week 3

US EV sales surpass 300k in Q3 of 2023. Toyota and Idemitsu partner to manufacture all-solid-state batteries. Novonix demonstrates dry cathode synthesis process.

Albemarle withdraws non-binding offer to acquire Liontown resources. Electric truck maker Volta Trucks files for bankruptcy in Sweden. Nio files to expand the use of solid-state batteries to 11 more EV models.

Week 4

Umicore and AESC enter long-term supply agreement for EV battery materials in North America. EnergyX raises $50M in Series B led by South Korean conglomerate Posco.

Toyota invests additional $8B into North Carolina EV battery plant. Factorial announces $50M battery manufacturing facility in Massachusetts. E3 Lithium announces 99.78% pure battery grade lithium hydroxide from DLE. Indian EV startup Ola Electric raises $384M, including $240M of debt, from Temasek and SBI. American Battery Factory breaks ground on LFP gigafactory in Arizona. Stellantis invests $1.6B for 20% of Leapmotor to accelerate Leapmotor’s sales in China and Europe.

Extracted from the PDF; charts and images may read imperfectly.