Notable Events

Notable Events July

Volkswagen announces plan to invest up to $5B in Rivian starting with an initial investment of $1B.

BYD to build $1B EV plant in Turkey, which will be able to produce 150,000 electric and hybrid vehicles annually.

WEEK 1 Sila Nanotechnologies raises $375MM in a Series G round led by Sutter Hill Ventures.

Source: Volta Foundationʼs This Week in Batteries Newsletter

WEEK 2

Addionics raises $39MM in its Series B round led by GM Ventures.

WEEK 3

Peak Energy raises $55MM Series-A to scale up production of Na-ion batteries.

Turkey announces $5B for the production of electric vehicles and $4.5B for battery production.

WEEK 4 LGES announces new 4680 line in South Korea, to begin mass production in Q3/Q4 with 8 GWh capacity.

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