VFBATTERY REPORT
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Notable Events

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Battery Report 2023, page 17: Notable Events

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Sources and links on page 17 (21)

Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.

  1. https://electrek.co/2023/10/09/nio-completes-30-million-global-battery-swaps-proving-viability/
  2. https://www.reuters.com/business/autos-transportation/toyota-invest-8-bln-north-carolina-battery-plant-2023-10-31/
  3. https://www.reuters.com/markets/deals/electric-truck-maker-volta-trucks-files-bankruptcy-sweden-2023-10-17/
  4. https://www.reuters.com/business/autos-transportation/us-electric-vehicle-sales-hit-record-high-tesla-loses-market-share-report-2023-10-12/
  5. https://koreajoongangdaily.joins.com/news/2023-10-10/business/industry/LG-Chem-secures-215B-battery-deal-with-Toyota-for-US-plant/1886891
  6. https://www.albemarle.com/newsalbemarle-withdraws-non-binding-offer-to-acquire-liontown-resources
  7. https://www.umicore.com/en/newsroom/news/umicore-and-aesc-enter-into-long-term-supply-agreement-for-ev-battery-materials-in-north-america/
  8. https://www.energy-storage.news/american-battery-factory-breaks-ground-on-arizona-lfp-gigafactory/
  9. https://electrek.co/2023/10/16/nio-solid-state-batteries-files-to-expand-tech-to-11-more-evs/
  10. https://autotechinsight.ihsmarkit.com/news/5272827/solid-state-battery-startup-factorial-energy-opens-new-manufacturing-facility-in-the-us
  11. https://www.reuters.com/business/autos-transportation/toyota-lg-energy-sign-battery-supply-agreement-power-evs-2023-10-04/
  12. https://www.reuters.com/business/autos-transportation/us-treasury-details-ev-tax-credit-rebate-rules-2023-10-06/
  13. https://thehill.com/business/4242484-gm-agrees-to-place-ev-battery-manufacturing-under-uaw-agreement/?mibextid=Zxz2cZ
  14. https://www.businesswire.com/news/home/20231003495712/en/Encorp-and-Natron-Energy-Announce-World%E2%80%99s-First-Hybridized-Generator-Solution
  15. https://source.benchmarkminerals.com/article/chinas-shanshan-to-build-e1-28-billion-synthetic-anode-plant-in-finland
  16. https://www.reuters.com/business/autos-transportation/toyota-idemitsu-join-hands-mass-produce-all-solid-state-batteries-2023-10-12/
  17. https://www.novonixgroup.com/novonix-announces-results-of-engineering-study-on-proprietary-all-dry-zero-waste-cathode-synthesis-process/?utm_content=268266292&utm_medium=social&utm_source=linkedin&hss_channel=lcp-18484289
  18. https://www.reuters.com/markets/commodities/posco-backed-group-invests-lithium-technology-startup-energyx-2023-10-17/
  19. https://www.businesswire.com/news/home/20231031841971/en/E3-Lithium-Produces-Battery-Quality-Lithium-Hydroxide-Monohydrate-With-Purity-of-99.78
  20. https://techcrunch.com/2023/10/26/temasek-and-sbi-pour-384-million-into-indias-ola-electric/
  21. https://www.stellantis.com/en/news/press-releases/2023/october/stellantis-to-become-a-strategic-shareholder-of-leapmotor-with-1-5-billion-investment-and-bolster-leapmotor-s-global-electric-vehicle-business
Text on page 17

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.

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