This Week in Batteries: EU, LG Chem, Nio, GM, and More.

Top News

- EU: 47.6% of new passenger cars in EU are electrified (Link)

- LG Chem breaks ground on $3.2B CAM facility in Tennessee (Link)

OEMs

- NIO unveils $112K flagship ET9 EV (Link)

- GM pauses sales of Chevy Blazer EV due to software issues (Link)

- GM says only the Chevy Bolt will be eligible for EV tax credit on Jan 1, pulling ahead sourcing plans to regain eligibility for Lyric and Blazer (Link)

- Mullen delivers 121 Mullen THREE EVs to-date (Link)

- Australia: 8.3% of new vehicles are battery powered, fast-charging sites double from 2022 (Link)

- US: vehicles set fuel economy record in 2022 as EV sales climb (Link)

Cells & Packs

- Nanotech Energy reports progress on 150MW manufacturing facility (Link)

Stationary Storage / BESS

- LG Energy Solutions’ new BESS system integrator arm claims 10GWh of US orders booked already (Link)

Metals, Components, Recycling, Charging

- Shanshan considers $1.4B anode battery material factory in Finland (Link)

- ABTC estimates 18MM tons of lithium hydroxide, announces S-K 1300 initial assessment for its Tonopah Flats Lithium Project (Link)

- Lilac Solutions completes direct lithium demonstration (Link)

Capital & Policy

- China bans export of rare earths processing technology over national security concerns (Link)

- EU, UK extend trade rules to avoid tariffs on electric vehicles (Link)

- Exponent Energy raises Series B $26.4MM (Link)

- IRS EV tax credits set to take effect January 1st, 2024 (Link)

Edited by Mouda A.