VFBATTERY REPORT
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Notable Events

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Battery Report 2025, page 14: Notable Events

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Notable Events: July Week 1

Idemitsu Kosan announced a $142M investment in a new Li-sulfide plant to supply Toyota with solid-state battery materials.

Week 2

Week 3

Panasonic Energy officially began mass production at its second U.S.cell factory in Kansas, targeting annual capacity of 32 GWh.

Farasis Energy commenced pilot production of sulfide-based solid-state batteries on July 21, aiming for energy densities over 400 Wh/kg.

Redwood Materials and General Motors confirmed they would pursue the use of GM's U.S.-built EV batteries for Redwood Energy's grid-scale power storage systems.

Lyten acquired Northvolt’s Polish BESS plant

Week 4

LG Energy Solution (LGES) reported Q2 financial results and announced a strategic pivot towards the Energy Storage System (ESS) market. On July 30, LGES signed a major new battery supply contract worth $4.3 billion with Tesla.

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