This Week in Batteries: U.S. EV Sales, BYD, NIO, and More
In Case You Missed It
- Visual Capitalist: How Much Do EV Batteries Cost? (Link)
- DOE: Investments announced across the battery value chain (Link)
Top News
- U.S. EV sales reached over 300k in Q3 of 2023 (Link)
- China has the top 3 charging companies in the world by the measure of GWh (Link)
OEMs, Auto Parts, & eVTOL
- BYD SEAL EV sedan, which is $12k cheaper, to compete with Tesla’s Model 3 in Australia (Link)
- Stellantis’ Citroën debuts new electric ë-C3 starting at $24,549, the least expensive EV produced in Europe, first deliveries are expected in the second quarter of next year (Link)
- Kia unveils three small to mid-sized EVs to widen its appeal, pricing range between $30k and $80k (Link)
- Nio files to expand the semi-solid state tech to 11 more EVs, signaling early success with SSBs (Link)
- Nio starts delivering the ET5 Touring in Europe (Link)
- GM delaying EV truck production until 2025 at Orion “to better manage capital investment while aligning with evolving EV demand” (Link)
- EHang obtains type certificate for EH216-S passenger-carrying UAV system issued by CAA of China (Link)
- Toyota and Idemitsu partner up to mass-produce all-solid-state batteries (Link)
- Volta Trucks files for bankruptcy in Sweden, complications caused by Proterra bankruptcy and suppliers (Link)
Cells
- EVE Energy designs customer-focused solutions for energy storage (Link)
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Stationary Storage / BESS
- GMP earmarks $30MM to expand home battery program (Link)
Metals, Components, EV Charging, Recycling
- Umicore investing up to $2.7B in new cathode active material production plant in Canada (Link)
- Albemarle $4.2B takeover of Liontown falters after Gina Rinehart’s minority stake blocked key vote (Link)
- Umicore and AESC enter into long-term supply agreement for EV battery materials in North America (Link)
- Novonix completes engineering study on their Dry Particle Microgranulation (DPMG) process (Link)
- ABTC begins operations at its commercial-scale, Li-Ion battery recycling facility in Nevada (Link)
- FT: battery material prices decrease as EV demand in China plateaus (Link)
- BMW Group to adopt NACS across its EV brands, enabling Tesla Supercharger access by 2025 (Link)
Capital Markets & Policy
- EnergyX raises $50MM in Series B from Elohim Partners and IMM Investment Global, a group backed-by POSCO (Link)
- Skeleton Technologies secures $114MM of financing from Siemens and Marubeni to expand the manufacturing capabilities of high power battery technology (Link)
- California introduces fire safety rules around battery storage sector, Senate Bill 38 signed into law (Link)
- China using South Korea and Morrocco to tap into the U.S. market bypassing legal barriers (Link)
- Tesla urges US Gov to adopt much tougher fuel efficiency rules (Link)
Edited by Mouda A.
Battery Specialist and Entrepreneur
1yThese are incredibly exciting times for the battery industry! 🔋 From the surge in U.S. EV sales to BYD’s competitive move in Australia and significant investments in cathode active material production, we’re witnessing remarkable progress. Plus, the start of ABTC’s recycling facility is a significant step towards sustainability. It’s heartening to see the sector evolving so rapidly. Let’s keep the discussions going! 🚀 #BatteryIndustry #EVs #Sustainability #Innovation