Notable Events

February

GM invests $650M into Lithium Americas to develop Thacker Pass Mine. Umicore announces plan to source nickel from Terrafame.

Week 1

Our Next Energy (ONE) raises $300M at $1.2B valuation, the latest unicorn in the battery industry.

Ford cuts Rivian stake from 11% to 1.15%. Redwood Materials receives conditional commitment for $2B Department of Energy loan for battery materials.

Week 2

Posco Chemical locks in $32.6B order from Samsung SDI to manufacture cathode materials for EV batteries.

Ionblox raises $32M Series B funding from Lilium, Applied Ventures, Temasek and Catalus Capital.

Week 3

Ford announces $3.5B partnership with CATL to build LFP battery plant in Michigan.

Li-Cycle receives conditional commitment for $375M loan from US DOE ATVM Program.

Arrival announces $50M equity capital commitment to strengthen balance sheet and reduce debt by 38%.

Hina Battery in China becomes first to put sodium-ion batteries into EVs.

Week 4

Stellantis invests $155M to buy a minority stake in a copper mine in Argentina.

Volkswagen announces five-year plan to accelerate EV production and software strategy.

Nanograf raises $65M Series B for silicon oxide anodes.

Tesla announces $5B factory in Mexico marking a push to broaden operations outside the US.

Nano One is awarded $10M from Sustainable Development Technology Canada.

EO Charging secures $80M equity investment from Vortex Energy and Zouk Capital to expand EV fleet charging.

Tesla orders $2.9B of battery materials from South Korea-based cathode producer L&F Co.

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