Notable Events

Notable Events

December

Notable Events | December

AM Batteries raises $30M Series B led by Toyota Ventures. Nth Cycle raises $44M Series B to scale metals recycling and refining.

Week 1

United Arab Emirates announces first battery recycling plant.

Generac invests $30M for a minority stake in Wallbox.

Our Next Energy (ONE) names Paul Humphries as CEO, replacing founder, Mujeeb Ijaz.

Rivian lays off 20 engineers from in-house battery cell development team.

Wildcat Discovery announces US plant for nickel-free and cobalt-free cathodes.

Week 2

EcoPro BM announces long-term supply agreement with Samsung for $33.5B worth of NCA cathode between 2024 and 2028. Nornickel increases forecast for global nickel surplus from 200 to 250 kt.

Week 3

Thailand approves $970M in subsidies to boost local production. 47.6% of new cars in EU are electric or hybrid.

Week 4

Panasonic and Sila sign supply agreement to use Sila’s silicon anode material for EV cells.

VinFast signs MoU with Marubeni to recycle used EV batteries.

ZEEKR begins deliveries to new customers in Europe.

TotalEnergies begins construction on 216 MW solar plant with 500 MWh of battery storage.

Lucid’s CFO, Sherry House, steps down.

NIO receives $2.2B investment from Abu Dhabi's CYVN.

US Treasury announces rules for 45X clean energy manufacturing tax credit.

Hancock and SQM acquire Azure Minerals for $1.1B. Eramet and Vibrantz Technologies announce long-term supply agreement for manganese ore.

LG Chem breaks ground on $3.2B cathode materials plant in Tennessee. Mullen announces that it has delivered 121 Class 3 trucks.

EU and UK delay tariffs on electric vehicles through 2026.

NIO unveils $112k flagship ET9 EV. GM and Ford lose tax credits on many EV models and are adjusting sourcing to regain eligibility.

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