This Week in Batteries: VF 2024 Battery Report PDF Now Available for Download

• Volta Foundation’s 2024 Battery Report now available as PDF download (Link)
• US-Ukraine mineral deal to include key battery materials lithium and graphite (Link)
• US may double its battery production capacity with 10 gigafactories planned in 2025 (Link)

• Amprius secures $15MM PO for SiCoreTM cells from leading UAS manufacturer (Link)
• SES AI signs contracts totaling up to $10 million to develop AI-enhanced Li-Metal and Li-ion batteries for EVs with two automotive OEM partners (Link)

• EU to propose push to boost EV demand, require more local batteries (Link)
• BYD sets “bold” plans for Europe (Link)
• Mercedes-Benz tests world’s first SSB EV with +621 miles range (Link)
• Hyundai, Kia push solid-state EV batteries until 2030 (Link)
• Rivian cuts R1S lease prices by $200 per month (Link)
• Nissan plans to replace its CEO after Honda deal falls apart (Link)
• Lucid Motor CEO abruptly resigns as the company aims to double production (Link)

• Archer plans for Midnight commercial deployments ahead of FAA certification (Link)
• Joby ended Q4 of 2024 with $933MM in cash, not counting an expected Toyota investment of $500MM (Link)

• Altilium has signed a LOI with Talga Group to supply Talga with up to 16,000 tons of recycled graphite over a three-year period from 2026 (Link)
• Arkema increases its PVDF capacity by 15% in North America (Link)
• SQM expands into Africa with Namibian lithium deal (Link)

• SMT Energy secures $135MM for 160MW/320MWh ERCOT BESS (Link)

• Trump announces additional 10% tariff on China (Link)
• South Korea tightened rules on carrying lithium batteries on planes (Link)

• Merdeka Battery gets $1.4B loan for new nickel plant (Link)
• Danantara Indonesia will invest $20B in a wide range of projects from metal processing to AI (Link)
• General Motors board approves higher stock dividend (Link)
• Li-Cycle’s shares have been approved to trade on OTCQX under the symbol “LICYF”, recently delisted from the NYSE (Link)

• LEAD partners with a leading South Korean enterprise to set a new benchmark in enhancing accuracy for digital Li-Ion battery manufacturing (Link)
• Infineon and Eatron extend collaboration for AI-powered battery management solutions to industrial and consumer applications (Link)
• SES AI Reports Fourth Quarter and Full Year 2024 Results (Link)

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Volta Foundation is the world’s largest network of battery professionals. As a global not-for-profit association of more than 50,000+ battery professionals and 100+ member companies, Volta Foundation produces publications, networking opportunities, and industry resources to foster collaboration, innovation and advocacy within the battery industry. Learn more at https://volta.foundation/.