This Week in Batteries: LGES, CATL, US DOE, and More.

• LGES goes all-in on prismatic cell production (Link)
• CATL invests in EVTOL developer Autoflight (Link)
• US DOE estimates EV battery pack costs are 90% lower than 15 years ago (Link)

• NIO records 50MM battery swaps, demonstrating drivers prefer the charge method (Link)
• Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now (Link)
• Hyundai to get EV batteries from LG Chem (Link)
• 比亚迪 targets Porsche, luxury EVs with its new 1,000 hp Denza Z9 GT (Link)
• BYD undercuts Tesla Model 3 prices by nearly $10K with the new 2025 Seal EV (Link)
• XPeng joins NIO And Li Auto in strategic shift - reportedly overhauls structure to boost AI focus (Link)
• Porsche is deploying used Taycan batteries to power its Plant Leipzig (Link)

• China EV battery installations in Jul: CATL's share 47.3%, BYD 22.83% (Link)
• Lyten and AEVEX collaborating the implementation of Li-S battery cells into UAVs (Link)
• Enovix held the grand opening of its first high-volume manufacturing facility (Fab2) in Malaysia (Link)

• E3 Lithium to construct demonstration facility Alberta (Link)
• NextSource completes equipment upgrade for Molo graphite mine (Link)
• Glencore has stopped stockpiling cobalt, adding that the market was likely to remain in surplus for another 18 to 20 months. The company did not say at the time how many tons cobalt it had stockpiled (Link)
• Hyundai Glovis signs MOU with Zhejiang Huayou Recycling Technology (Link)

• NOVONIX and CBMM announce the a JDA focused on nickel-based cathode materials (Link)
• BTR launches anode plant for EV batteries in Indonesia (Link)

• Akaysha begins construction of 410MWh BESS in Queensland, Australia (Link)
• Shell Energy signs UK’s first single-asset BESS tolling agreement for 330MWh project (Link)
• Ausgrid launches energy storage-as-a-service offering as community BESS goes online in NSW, Australia (Link)
• Arevon puts 800MWh California BESS into operation (Link)
• Brookfield commences permitting for Oregon 4GWh hybrid BESS facility (Link)

• Elements: investment in the battery sector is expected to surpass $1.6T by 2040 (Link)
• Hyundai Motor Company (?????) to invest $28MM in Thailand for EV assembly, batteries (Link)
• Qatar invests $180MM in TechMet to secure supply of critical minerals (Link)
• EnergyX makes $150MM bid for Galan Lithium’s Argentina assets (Link)
• Aypa Power, Hunt Energy Network raise $573MM for US BESS projects (Link)
• Fluence : Mixed Q3, revenue and guidance down but orders and profits up (Link)
• US Strategic Metals secures funds from the Export-Import Bank of the United States for a loan package worth $400MM with a term of 15 years (Link)
• Arcadium Lithium acquires Li-Metal’s technology, pilot plant in $11MM deal (Link)
• Hydro-Québec sells its subsidiary Cléo to Polara, which specializes in infrastructure solutions for vehicle fleet electrification (Link)
• Generac announced the acquisition of Ageto (provider of microgrid controllers). The terms of the deal were not announced (Link)

• Marissa West leaves GM after 8 months as North American president (Link)
• FREYR Battery’s U.S.-based President leaves the company (Link)

• Beckhoff Automation USA opens new office in Austin, Texas (Link)
• TESCAN announces the launch of their materials analysis technology: the TESCAN AMBER X 2 (Link)
• Group1 unveils first Potassium-ion battery in 18650 format (Link)
• SolidEnergy Systems launches Molecular Universe (Link)

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