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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

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Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.

Supplies 186
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GM and Element 25 to expand US EV supply chain with domestic manganese sulfate production

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General Motors and Australia-based Element 25 Limited announced an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate (MnSO 4 ) annually to support the annual production of more than 1 million GM EVs in North America. GM continues to strengthen its domestic supply base for EV production.

GM 195
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Foxconn to build EV ecosystem and battery production chain in Kaohsiung, Taiwan

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Foxconn plans to build an EV ecosystem and a complete battery production chain in the southern city as part of its ambition to expand into the EV industry, ranging from the development of EVs to the production of battery packs and cells, and energy storage systems. million (US$50,000) per vehicle.

Taiwan 259
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Stellantis to build eVTOL with Archer and provide strategic funding for growth

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Stellantis also intends to increase its strategic shareholding through future purchases of Archer stock in the open market. During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.

Building 418
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Renault Group to partner with Terrafame for sustainable nickel supply

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Renault Group and Finland-based metals producer Terrafame have signed a Memorandum of Understanding (MoU) for the future supply of nickel sulfate. With this agreement, Renault Group will secure a significant annual supply of nickel sulfate from Terrafame, representing up to 15 GWh of annual capacity.

Supplies 243
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US Postal Service to purchase 9,250 Ford E-Transit electric vehicles and 14,000 EV charging stations

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The Postal Service plans to begin building out its charging infrastructure across a minimum of 75 locations within the next 12 months, and thereafter to continue the infrastructure build out in the succeeding years at many additional facilities as a part of its delivery vehicle electrification strategy.

Purchase 170
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Mercedes-Benz expands battery supply partnership with CATL and new €7.34B battery plant in Hungary

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Mercedes-Benz is taking another step to scale up development and production of next-generation high-performance battery cells and modules by expanding its battery supply relationship with CATL through CATL’s newly announced battery plant in Debrecen, Hungary. The project will supply both cells and modules to European automakers.

Hungary 195