This Week in Batteries: ICL Group is investing $293MM in a JV with Shenzhen Dynanonic to build LFP CAM in Spain

• Rho Motion: global sales of BEV and PHEVs rose 25% in December compared to year ago (Link)
• GM signs supply deal with Vianode for synthetic graphite, deal will run from 2027 to 2033 (Link)
• ICL Group is investing $293MM in a JV with Shenzhen Dynanonic to build LFP CAM in Spain (Link)

• BYD launches its first EV in Korea starting at $21,500 (Link)
• Tesla discounts U.S. Model Y inventory ahead of refresh launch (Link)
• US EV sales up 7.3% in 2024, record 1.3MM EV sold (Link)
• Li Auto opens its 1st overseas R&D center in Germany (Link)
• Polestar confirmed that the Polestar 5, a four-door performance-focused model, will launch in the second half of 2025 (Link)
• BYD Shenzhen, world's largest car carrier, ready for operation (Link)

• Amprius unveils battery cell with 370 Wh/kg energy density for eVTOLs (Link)
• Panasonic plant to start manufacturing EV batteries in Spring, over 400 employees already on staff (Link)
• Stanford Na-ion battery study says the technology will need more breakthroughs to compete (Link)

• Rio Tinto to form new lithium unit after Arcadium buy (Link)
• Rio Tinto and Glencore discuss potential merger (Link)
• Saudi Arabia to scale up lithium expansion as it diversifies from oil (Link)
• Lithium Argentina investors approve Switzerland domicile from Canada (Link)
• Lithium Ionic grows Baixa Grande resource in Brazil by 32% (Link)

• Tesla secures $87MM Megapack project in Belgium (Link)
• Vistra Energy confirmed a fire at its Moss Landing BESS battery facility, prompting an evacuation of on-site personnel. (Link)

• Canada wants G-7 talks on metals pricing to counter China’s sway (Link)

• U.S. DOE offers $23B loan to eight utilities days before Trump inauguration (Link)
• Zijin to buy 25% stake in Chinese lithium miner for $1.87B (Link)
• Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1B (Link)
• Standard Lithium and Equinor secure $225MM to develop Arkansas project (Link)
• USDA awards $231MM to New Mexico utility for clean energy, 16-hour ESS (Link)
• Partners Group investing $411MM in German BESS platform ‘green flexibility’ (Link)
• Nio expected to be included in HK's Hang Seng Index, says CICC (Link)
• Polestar expects delayed profitability as EV demand weakens, competition intensifies (Link)
• Canoo files for bankruptcy and ceases operations (Link)

• New Energy New York is Recruiting for its ChargeUp Accelerator Cohort, Providing $25,000 for Start-Ups (Link)

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