VFBATTERY REPORT
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Notable Events

Page 17 of 768
Battery Report 2025, page 17: Notable Events

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Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.

Sources and links on page 17 (13)

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  1. https://www.arenaev.com/xiaomi_ev_deliveries_fly_past_40000_as_wait_times_stretch_to_nearly_a_year-news-5175.php
  2. https://www.reuters.com/world/china/china-files-wto-complaint-over-india-ev-battery-subsidies-2025-10-15/
  3. https://www.electrive.com/2025/10/21/us-cancels-funding-for-ascend-elements-and-other-battery-companies/#:~:text=Politics-,US%20cancels%20funding%20for%20Ascend%20Elements%20and%20other%20battery%20companies,projects%20from%20the%20Biden%20era.
  4. https://lyten.com/northvolt-acquisition/
  5. https://www.redwoodmaterials.com/news/redwood-announces-350-million-series-e-funding/
  6. https://www.electrive.com/2025/10/13/end-of-us-tax-credit-drives-record-ev-sales/
  7. https://www.electrive.com/2025/10/03/nissan-cancels-ev-production-plans-in-the-us/
  8. https://www.investors.archer.com/news/news-details/2025/Archer-Wins-Competitive-Bid-Process-to-Acquire-Liliums-Patent-Portfolio/default.aspx
  9. https://www.electrive.com/2025/10/17/gm-and-posco-halt-expansion-of-canadian-cathode-material-plant/
  10. https://www.lifepo4-battery.com/News/sunwoda-solid-state-battery.html
  11. https://canada.nissannews.com/en-CA/releases/nissan-canada-inc-and-lithion-technologies-to-advance-ev-battery-recycling-and-circular-economy-through-new-partnership
  12. https://www.electrive.com/2025/10/27/gotion-abandons-plans-to-build-battery-cell-factory-in-michigan/
  13. https://www.jpmorganchase.com/newsroom/press-releases/2025/jpmc-security-resiliency-initiative
Text on page 17

Notable Events: October Week 1

Week 2

Week 3

Week 4

US BEV tax credit ended (7500$ for new BEV & 4000$ for used BEV).

Xiaomi delivered 40,000 EVs in a single month as waitlist grows to 48 weeks

US Department Of Energy cancelled $718M of funding to five companies: Ascend Elements, American Battery Technology, Anovion, ICL & LuxWall.

Redwood has closed a 350M$ series E funding round, let by Eclipse, and including strategics (NVentures).

China announced new export controls limiting export of graphite material & equipment, precursor for ternary cathode materials, LFP Gen 4 and battery & CAM equipments.

China files a WTO complaint over India’s EV and battery subsidies

Lyten finalized acquisition of Northvolt Dwa in Gdańsk, Poland, the largest Battery Energy Storage System (BESS) manufacturing facility in Europe.

Nissan partnered with Lithion for battery recycling.

Nissan cancelled EV production in the US due to falls in demand. Instead, they will switch to producing hybrid vehicles.

Archer acquired Lilium's patent portfolio for €18 million

GM & Posco paused expansion at their Canadian CAM plant due to weak EV demand.

Gotion cancelled plans to build battery cell factory in Michigan due to environmental risks alleged by local residents and Chinese ownership.

JPMorganChase Launches $1.5 Trillion Security and Resiliency Initiative

Sunwoda unveiled a solid state battery (400 Wh/kg) and announced a pilot line (200MW).

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

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