This Week in Batteries: SDI/Stellantis Secure $7.5B from LPO.

This Week in Batteries: SDI/Stellantis Secure $7.5B from LPO.


  • LPO announces $7.54B loan to StarPlus Energy (SDI/Stellantis JV) to construct EV battery factories in Indiana (Link)
  • China proposes export restrictions on LFP, LMFP, DLE, spodumene processing technologies (Link, Chinese, English translation)


  • Tesla full year EV sales is down 1% to 1.78MM vehicles. BESS deployment is up 113% to 31.4 GWh. (Link)
  • BYD full year EV sales is up 12% to 1.57MM vehicles. Overseas sales rose 58% to 57,000.? (Link)
  • Li Auto full year EV sales is up 16%, to 0.50MM vehicles. (Link)
  • GM full year EV sales is up 50% to 0.11MM vehicles. Chevy Equinox EV was top-seller at 28,847 units. (Link)
  • Nio reaches 3,000 swap stations in China (Link)


  • CATL unveiled two types of swappable batteries and rolled out a charging network with 100 partners in China (Link)
  • American Battery Factory partners with KAN Battery to pilot LFP cell manufacturing in Tucson, AZ (Link)
  • Mitsubishi Chemical Group to increase production capacity of anode material for EV batteries (Link)
  • Yunnan Energy lands $66.3MM order for battery separators to be made in Hungary (Link)
  • Samsung SDI to lay off 179 employees in Oakland County (Link)


  • Canadian Solar to provide 315MWh BESS, 2GWp solar for Sunraycer projects in Texas (Link)


  • KoBold Metals raises $537MM in race for critical minerals (Link)
  • USDA awards $4.37B for rural electric cooperatives for renewables, BESS and transmission upgrades (Link)
  • Freyr closes acquisition of Trina’s US solar facility (Link)
  • U.S. DOE invests $28.7MM into Florida grid resilience battery project (Link)
  • Manganese X secures $1.4MM investment from Eric Sprott to support its Battery Hill project in New Brunswick (Link)
  • Aypa Power secures $190MM financing for 200MW/400MWh Texas BESS (Link)



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