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Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates

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Joint ventures between automakers and battery companies have been central to this growth. In September 2019, just one of the five North American gigafactories tracked by Benchmark directly involved an automaker: Tesla’s Gigafactory 1 in Nevada. Europe has increased its pipeline by eight gigafactories over the same period.

China 433
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Subaru’s first global all-electric vehicle SOLTERRA makes world debut

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The vehicle was jointly developed by Toyota and Subaru; Toyota’s version is the bZ4X, which the company unveiled last month in Japan ( Earlier post.) The two companies entered into a new business and capital alliance in September 2019.

Global 432
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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. In 2019, VC funding into Battery Storage companies increased by 103% to $1.7

2019 195
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Adamas: LFP market share drops to 6% in global passenger EV batteries in 2019; potential comeback in 2020 with cell-to-pack

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In 2019, the market share of lithium-iron-phosphate (LFP) cathode chemistry fell to 6% in global passenger EV batteries by watt-hours deployed (i.e. Overall, the combined global market share of ternary cathodes (including NCM and nickel-cobalt-aluminum (NCA) varieties) in passenger EV batteries reached 90% in 2019, up from 83% in 2018.

2019 344
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 The Top 5 VC funding deals in 1H 2019 were: Northvolt’s $1-billion raise; Sila Nanotechnologies raised $170 million; Romeo Power secured $88.6 A total of 41 VC investors participated in Battery Storage funding in 1H 2019. billion compared to $2.4

2019 207
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Mercedes-Benz acquires electric motor technology company YASA

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Working with Mercedes-Benz since 2019, it was always clear that we shared the same commitment to engineering excellence, innovation and reshaping mobility for the electric age. This acquisition is tremendously exciting because it gives YASA technology the global scale and reach of Mercedes-Benz.

Mercedes 459