This Week in Batteries: Bain, Lucid, Peak Energy, and More.

• Bain & Company says global battery demand is expected to quadruple before 2030 to 4,100 GWh (Link)
• Lucid Motors ’s Air Pure EV achieves 5 miles/kWh efficiency (Link)
• Peak Energy raises $55MM Series-A to scale up production of Na-ion batteries (Link)

• BYD enters Japan as EV sales climb (Link)
• GM not reiterating 2025 1 million EV production capacity forecast (Link)
• Ford pivots from EV plans to heavy-duty trucks at Canada facility (Link)
• Tesla's Cybertruck outsold Ford's F-150 Lightning in May (Link)
• Tesla claims a 95% automated production at Gigafactory Shanghai (Link)
• BMW delivers over 100,000 EVs in Q2 2024 (Link)
• Genesis is launching an exclusive luxury EV platform, separate from the Hyundai models (Link)
• JLR to end EV production with Magna Steyr as it transitions into a more exclusive EV luxury brand in 2025 (Link)
• VinFast delivers nearly 21,800 EVs in 1H of 2024, up 92% y/o/y (Link)
• Helixx wants to bring fast-food economics and Netflix pricing to EVs (Link)
• NIO has built a popular charging app and has 6MM users to-date (Link)

• LG Energy Solution (LGES) will use AI to design batteries for its clients (Link)
• Ateios Systems unveils RaiCore™ electrode to build the world's first PFA-free, high-performance LCO battery (Link)
• ENOVIX Corporation to hold grand opening of Malaysia Factory on August 8, 2024 (Link)

• S&P Global states US has second-longest mine development timeline in the world (Link)
• German Chancellor Olaf Scholz looks to secure supplies of lithium from Serbia (Link)
• Liontown signs new deal to supply spodumene to China, shipping 100 ktpa over 10 months starting SEPT 30 (Link)

• Tesla has secured a large contract to provide over 15 GWh of Megapack to Intersect Power (Link)
• NHOA Energy building 50MWh BESS in Sicily, Italy, for IPP (Link)
• Dragon Q Energy is developing a new way to build safe and scalable grid-sized BESS (Link)

• California needs 1MM EV charging stations (Link)
• Starbucks and Mercedes to install EV chargers at 100 Starbucks stores (Link)
• TotalEnergies, SSE to launch EV charging company named “Source” in UK and Ireland (Link)
• Atom Power expands level 2 EV charging portfolio with E100 Series (Link)
• Stellantis says it will provide EV charging units or $600 in credits for buyers (Link)
• Generac is launching its first EV charger, a level 2 charger designed for homes and businesses (Link)

• Italy backed EU tariffs for China EVs (Link)

• Fisker cleared by bankruptcy court to sell 3000 EVs for $46.25MM to American Lease (Link)
• Natural Resources Canada states Canada's EV transition could cost more than $300B by 2040 (Link)
• Quantum Graphite receives $300MM loan offer from US EXIM Bank (Link)
• Intersect Power closes $837MM financing for ‘portfolio-balancing’ Texas battery projects (Link)
• Mercedes, Stellantis in talks to invest in Serbia’s lithium plans (Link)
• Ganfeng Lithium plans to build $1.1B trading desk (Link)
• rPlus Energies raises over $1B for Utah solar project with 1,600MWh battery storage (Link)
• Barclays raised Tesla price target to $225 per share from $180 (Link)
• Barclays raised its price target on Rivian’s stock, from $14 to $16 per share (Link)

• Mei Cai, a key executive, resigns from GM’s next-gen battery team (Link)
• Bry-Air Inc. adds Keith Hoge as a director for their battery business (Link)

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