Notable Events
Pages 7–20 (14 pages)
Companies on this page · in the Battery Business Directory
Text on page 10
Notable Events: March Week 1
Week 2
Rio Tinto completed acquisition of Arcadium Lithium for $6B.
Northvolt filed for bankruptcy in Sweden after mounting financial pressures, production ramp-up challenges, and an unsuccessful restructuring attempt, despite investor interest.
Ørsted broke ground for its first large-scale UK battery energy storage system, planned for 600MWh capacity
Samsung SDI secured an ESS battery supply deal with NextEra Energy valued at over 400B Won $275M.
LG Chem unveiled precursor-free LPF cathode material for batteries, with plans to start production in first half of 2025.
Week 3
SK On and Nissan signed a supply agreement for 100GWh U.S. manufactured, high-nickel batteries from 2028 to 2033 to power Nissanʼs next-generation EVs produced at its Canton, Mississippi plant.
Week 4
BYD reported a record 2024 revenue of $107B driven by 40% sales growth in Battery EVs and Hybrid vehicles.
ION Storage Systems ION produced its first multi-layer ceramic solid-state battery cell on its semi-automated production line.
TotalEnergies announced investment decisions for 221MW battery storage projects totaling €160 million outlay.
Extracted from the PDF; charts and images may read imperfectly.
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