2025全球电池产业报告

The

Battery

Report2025(Volta

Foundation)Revision:

20260330Commercial

milestonesin

batterydevelopment,manufacturing,&end-use

verticalsHistory,state-of-art,andstate-of-playoftheworld'smost

integrated

battery

supply

chainAcademicbreakthroughsinfundamentalbatteryscience

&

applicationsSupply,demand,andinsightsontalentworking

inthefieldGovernmenttargets,incentives,

regulations,

patenttrends,andtheirimplicationsGlobalandvirtualconferencesand

networkingeventsTrends

we

believe

are

likely

to

happen

in

the

next12monthsDisclaimer:Theviewsexpressed

hereinaresolelythoseofthe

authors,

and

have

not

been

reviewed

or

approved

by

any

other

organization,

agency,

employer

or

company.

The

primary

purpose

ofthis

work

isto

educate

and

inform.

The

Content

isfor

entertainment

and

informational

purposes

only

andyoushould

notconstrueanysuchinformationas

investment,financial,

or

otheradvice.

Data

and

information

is

from

publicly

available

sources

and

often

self-reported

bythe

companies.

The

authors

declare

no

conflicts

of

interest

in

producing

this

report.

This

report

includesforecasts,

projections

andother

predictivestatementsthat

representthird-partyassumptionsandexpectationsin

lightof

currentlyavailable

information.

Theseforecasts,

etc.,are

based

on

industrytrends,

circumstances,

and

otherfactors,

andthey

involve

risks,

variables,

emergingtechnologies,

and

uncertainties.

Actualperformance

results

maydifferfromthose

projectedinthis

report.Consequently,

noguaranteeis

presented

nor

implied

astothe

accuracy

of

specificforecasts,

projections,

or

predictive

statements

contained

herein.The

Battery

Report

summarizes

what

we

consider

to

be

the

most

significant

developments

in

the

battery

industry

in

2025.

A

massively

collaborative

project

by120+

battery

professionalsfrom90+institutions,thisannual

reportseeksto

providea

comprehensive

and

accessible

overview

of

the

current

state

of

battery

industry,

research,

talent,

and

policy.

We

hope

to

catalyze

in-depth

conversations

on

the

state

of

batteriesanditstrajectoryintothefuture.WeConsiderTheFollowingKeyDimensionsIn

Our

Report:“Thebattery

isthetechnologyof

ourtime.ˮ-TheEconomist

INDUSTRY

CHINA

ACADEMIA

TALENT

POLICY

COMMUNITY

PREDICTIONS

BATTERY

REPORT

2025

|

2INDUSTRYVolta

Foundationistheworldʼslargestnetworkof

battery

professionals.As

a

global

not-for-profit

association,Volta

Foundation

produces

publications,

networkingopportunities,andindustryresourcestofostercollaboration,innovationand

advocacy

withinthe

battery

industry.INDUSTRYINDUSTRYIndustry

Executive

Summary2025marked

a

year

of

resilience

and

recalibration

in

the

global

battery

industry.Global

xEV

sales

surged22%to21.6M

units,with

BEV

demand

up28%

while

PHEV

demandclimbed12%.

Forthefirsttime,xEVsaccountfor

>50%ofnewcar

sales

in

China.

This

milestone

comes

as

China

continuesto

leadtheworld

in

EV

market

penetration,

while

Europereturnedtogrowthandthe

US

EVmarketremainedcomparatively

stagnant.Automakers

are

adaptingtheir

market-entry

strategies:

Chinese

OEMs

acceleratedtheir

push

into

Europe

by

transitioningfromexportstolocalmanufacturingandby

increasing

emphasis

on

hybrids

and

PHEVsto

navigate

anti-subsidytariffs

and

market

access

constraints.

In

parallel,the

“BESS

decadeˮcontinuedapace:deploymentssurpassed100GWadded

in

2025,

driven

by

dramaticallyfalling

costs

(31%

year-on-year

decline),

storage-friendly

policies,

and

new

markets,

while

BESSproductperformance

(energydensity,efficiency,warranties)

continuedto

improve.

New

BESS

installations

reached

104

GW/

257

GWh

in

2025,taking

cumulative

globalcapacityto267GW/610GWh;

inotherwords,

roughly

40%

oftodayʼs

cumulative

BESS

capacitywas

installed

in

2025

alone,

underscoring

BESSʼs

significance

as

one

ofthe

most

promisingandfast-growingsectorsinthebatteryindustry

landscape.Globalbatterypricesatthepack

leveldecreased

9%to

a

record

low

of

$108/kWh,

with

China

LFP

pack

costs

around

$84/kWh

(down

13%

year-on-year),while

pack

costs

remained

materiallyhigherinthe

US

(+44%)and

Europe

(+56%)duetolocalization

costs,

manufacturing

inefficiencies,andtariffs.

The

industry

grappled

with

overcapacity,

particularly

in

China

whereoperatingcapacityreached4xcurrent

marketdemand,

eroding

margins

and

catalyzingawave

of

“involutionaryˮ

consolidation,forcing

manufacturersto

prioritize

cost-downexecution,verticalintegration,andoverseasmarketexpansion

into

SoutheastAsia

and

Europeto

bypasstrade

barriers

andto

improve

margins.Theinvestmentlandscapein2025shifted

decisivelyfrom

venture

capitalto

infrastructure.

Climate-related

investmentfunds

raised

$101

billion,

up

40%

year-on-year,

driven

largely

byinfrastructurefundsfocusedonscalingmatureassetslike

BESSand

data

centers.

Conversely,

early-stage

and

growth

equityVCfundingtightenedto

$14

billion

in

2025

(-50%vs

2023),

contributingtohigh-profileinsolvencies,mostnotably

Northvoltʼswind-downand

Powinʼs

Chapter

11filing

(both

June

2025)

sent

shockwavesthroughthe

ex-China

battery

ecosystem

andreinforcedinvestorrisksensitivity.

Public

markets

reflectedthis

bifurcation,with

establishedAsian

battery

giants

gaining

market

value

(eg.

CATL

reported

net

profit

of

$6.8

billionQ1-Q3)whilemanyWesternstartupsandSPAC-era

companies

struggledto

maintainvaluations.Emergingtechnologytrendsin2025includeanaggressive

pivottoward

LFP,which

now

accountsfor

nearly

50%

of

global

EV

battery

sales

and

dominatesthe

stationary

storage

market.

Innovationacceleratedinhigh-compaction-density

LFPandultra-fastcharging

cells.

Sodium-ion

had

a

breakoutyear

in

stationary

storage

with

grid-scale

deployments,

while

solid-state

developmenttransitionedfromlabbreakthroughstoindustrialpilot

lines,with

OEMstargeting

2027-2030for

integration.Artificial

Intelligence

(AI)

solidified

its

role

as

a

critical

enabler,embeddingitselfintomanufacturingqualitycontrol,

materials

discovery,

andthe

management

of

booming

power

demandsfromAI

data

centers.Novelusecasessuchasrobotics,

drones,

satellites,

specialized

industrial

and

heavy

equipment,

andvirtual

power

plants

(VPPs)

are

achieving

higher

levels

oftechnical

readiness

andcommercialization.OpportunitiestiedtoAIdatacentersincluding

BESS,

UPS,

BBUs,andother

layersofthe

power

stackto

enable

speed-to-power

and

operational

resilience

are

emerging

asanewfocusforcommercial

R&Dandentrepreneurialenergy

inthe

space. INDUSTRY

OverviewBATTERY

REPORT

2025

|

6NotableEventsIndustryValueChainFinanceCostsCell&Pack

ManufacturingApplicationsEVStationary

EnergyStorage

Data

CentersAviation,

Drones,Space

RoboticsOtherSafetyCell

Design

and

MaterialsLi-ionLithium

SulfurSolid-stateSodium-ionAlternativeChemistriesSupplyChainUpstreamand

MidstreamRecycling&Secondary

MarketsSoftware/AIINDUSTRYBATTERY

REPORT

2025

|

7Hondastartedtestproduction

on

its

solid-statebatterydemonstration

line

via

nodeGMsignedsupplydealwith

Vianodeforsynthetic

graphite,deal

to

run

from

2027to

2033CATLwasselectedasthepreferred

supplier

for

Masdar'ssolar-plus-storageprojectinAbu

Dhabi

featuring19GWh

of

storage

usingTENERtechnologyFire

broke

out

at

the

Vistra

Power

Plant,oneoftheworld'slargest

batterystoragefacilitiesin

Moss

Landing,Californiaanddestroyed

approximately75%of

the

facilityWeek4Week1Week2Week3China

proposedexportrestrictionson

LFP,LMFP,

DLE,spodumene

processingtechnologiesLPO

announced$7.54B

loan

to

StarPlusEnergy

(SDI/Stellantis

JV)to

construct

EVbatteryfactoriesin

IndianaTeslaʼs40GWh

Shanghai

Megafactorystartedtrialproductionwithfullscale

massproduction

expected

in

Q1

2025Nissan

Motorannouncedplanstoprocure

batteries

for

EVs

sold

in

the

U.S.from

South

Korea's

SK

On

in

2028 INDUSTRY

Notable

Events

|

JanuaryBYD

launcheditsfirst

EV

in

Koreastarting

at

$21,500Notable

Events:JanuaryBATTERY

REPORT

2025

|

8Critical

Metals

announced

a$22.5M

PIPE

tofundthedevelopmentoftwoofits

miningassets*PIPE:Private

Investment

in

Public

Equity.Mercedes-Benzand

Factorialengineerslaunchedthesolid-statebatterytestprogram,

puttingthefirstcarpowered

bya

lithium-metalsolid-statebattery

onthe

road.goElevated

Materialsspunoutof

AppliedMaterials,manufacturingroll-to-roll

lithium

thinfilmsforpre-lithiationand

Li-metalanodes.Week4Week1Week2Week3KORE

Powerabandoned

plansfor$1BArizonacellfactorywithinitialcapacityaimedfor

6GWhHondaand

Nissanendedtheirmergertalks

(first

announced

in

Dec.ʼ24)that

aimed

tocreate

a$60B

combined

automakerDemocratic

RepublicoftheCongobanned

cobaltexportsfor4

monthstocurboversupply.Toyotashifted$1.5B

orderto

LGʼs

Lansing

batteryplantfromanother

Michigan

plantafter

GMexits.CATL

filed

for$5B

Hong

Kong

StockExchangelistingtofundinternationalexpansionBYDannouncedplansto

begin'demonstrationuse'ofall-solid-state

batteries

by

2027 INDUSTRYNotableEvents

|

FebruaryElectric-truckmakerNikolafiledforChapter

11

bankruptcy

protection.Notable

Events:FebruaryBATTERY

REPORT

2025

|

9RioT

into

RioTintocompletedacquisitionofArcadium

Lithium

for$6B.也rstedØrstedbrokegroundforitsfirst

large-scale

UKbatteryenergystorage

system,

plannedfor600MWh

capacitynorth

vol化NorthvoltfiledforbankruptcyinSweden

after

mountingfinancialpressures,productionramp-upchallenges,andan

unsuccessful

restructuringattempt,despiteinvestorinterest.SK

On

and

Nissan

signed

a

supplyagreement

for100GWh

U.S.

manufactured,high-nickel

batteries

from2028to2033topower

Nissan’s

next-generation

EVsproducedatitsCanton,

Mississippi

plant.Week4Week1Week2Week3TotalEnergiesannouncedinvestmentdecisions

for221MW

battery

storage

projectstotaling€160million

outlay.ION

Storage

Systems

(ION)

produced

its

firstmulti-layerceramicsolid-statebattery

cell

on

itssemi-automatedproduction

line.BYD

reported

a

record

2024

revenue

of$107B

driven

by

40%

sales

growth

in

BatteryEVs

and

Hybrid

vehicles.Samsung

SDI

secured

an

ESS

battery

supplydeal

with

NextEra

Energy

valued

at

over400B

Won

($275M).LGChem

unveiledprecursor-free

LPFcathodematerialforbatteries,with

planstostart

production

in

first

half

of2025. INDUSTRYNotableEvents

|

MarchNotable

Events:MarchBATTERY

REPORT

2025

|

10SamsungSDIcut

share

sale

price

14%

as

US

tariffs

hit.SamsungSDIstarted

producinglarger46-seriescylindrical

cells,

over

1

year

aheadof

schedule.⃞LG

Energy

solutionLGES

reporteda138%

year‑over‑year

increase

in

Q1operating

profitto

374.7billion

KRW

(~$255

million).USannounced

major

reciprocaltariffs,with

exemptionsforcritical

minerals

including

Gr,Mn,

Co,

Li.⃞LG

Energy

solutionLGESagreedtoacquire

GM's

stake

intheir

Lansing,

MichiganJV

plantfor

$2.05B.CATL

unveiledworld'sfirst

mass-

producedNa-ion

EV

battery

Naxtra,

Freevoydual-chemistry

packand

2nd-genShenxing

Superfast

Charging

LFP

batteryat

Super

Tech

Day.Lucid

priced$1.0

billion

of

5.00%convertiblesenior

notesdue

2030with

an

initialconversion

priceof

$3.00

per

share

(25%

premium).Week4Week1Week3Week2China

issuedworld'sstrictest

EV

batterysafetystandard

(nofire,

noexplosion)totake

effectJuly

2026.ArcherAviation

unveiled

eVTOLairtaxinetworkwith

UnitedAirlines

at

all

major

NYC

airports.BYD

launchedfirst

EVson

new

Supere-platformwith

ultrafastcharging,

starting

MSRP

$30k

in

China.SK

Onto

supply

20GWh

high-Ni

NCMcellstoSlate

from

2026-2031

in

$1.1B

deal INDUSTRYNotable

Events

|

AprilStellantisand

Factorialvalidated

EV-sized

SSBswith

375Wh/kg,

18

min

charging.US

installed

BESScapacity

reached

nearly

30GW.CATL

launched

587Ah,

430Wh/LcellforBESS.Notable

Events:AprilBATTERY

REPORT

2025

|

11Li-CyclefiledforbankruptcyprotectioninCanadaand

US,receivesfinancingand

bidfromGlencoreascourt-supervisedsale

begins.LG

Energy

solutionGMand

LG

pioneer

LMR

batteries,production

to

begin

in

2028for

firstprismatic

LMR

EV

batteriesto

reducecostand

extend

range

to

400

miles

per

chargeBYD

surpassed

Tesla

EV

sales

in

Europe

for

firsttime

.LG

Energy

solutionGM

pivotedto

LFPin

USfactorieswith

LGESandSamsung

SDIAmprius

unveiled450Wh/kg,

950Wh/L

cellSiCoreforaerospaceande-mobilityGst

xm

EelsCustomCellsfiledforinsolvencyfollowingthe

collapseofits

largest

customer,

Lilium.Gotion

completed

itʼs

first0.2GWh

pilot

line

forall-SSBs

with90%yield

rate.BATTERY

REPORT

2025

|

12KoBold

Metalstoacquirestakein

Manonolithium

project,investing

$1B

to

expandfootprintinto

Democratic

RepublicoftheCongo.TDKacceleratedtimelineofnext-gen

Sianode

batteries,launching

2026

Fall

tomeetthenextconsumerdevice

release

cycleWeek4Week1Week2Week3ABTC

received

letter

of

interest

for

$900M

infinancingtosupporttheconstructionof

Limineandrefinery

nearTonopah,

NevadaAscend

Elements

to

receive

up

to

$320M

inPolishgovernmentgrantstobuild

Li-ionrecyclingandmaterialsfacility

in

Poland.BYDAprilsalessurged

45%to

195k

BEV

unitsto

outsell

PHEVs,overseas

sales

set

newrecordfor5thconsecutive

monthLyten

announced

U.S.focused

dronepropulsioninitiativeusing

lithium-sulfurbatteriesCATL

launched9MWh

stacked

BESSdesignedtomeettransportweightrestrictionsFluence

invested$700M

to

open

Arizona

factory

as

partofits

US

onshoring

strategyCATL

raised$5b

in

Hong

Kong

in

2025ʼs

2ndlargest

IPO. INDUSTRYNotable

Events

|

MayNotable

Events:MayBYD

launched

Seal06

EV

-

affordablemidsize

sedan

with545

km

range,

starting

at$15,270EV在EnergyEVE

Energyʼs

boardendorsedafundraisingplanaimedat

bolstering

itsinternational

expansion&prepared

to

raisefunds

on

the

HK

Stock

Exchange

for

anIPO.TOSH

BAToshibastartedsampleshipments

of“SCiB™Nbˮ,its

Innovative

RechargeableLithium-ion

Batterywith

NiobiumTitaniumOxide

Anode.Trumpissuedtwoexecutiveorders

thatallowdronestobeflownbeyond

visual

line

ofsight,promote

eVTOL

aircraft

andstreamlineadvancedairmobility

rules.Thesechangeswillhelp

promotethe

USdrone

and

eVTOL

industry.⃞LG

Energy

solution

GM

requested

LG

Energy

Solution

andSamsung

SDI

to

install

LFP

production

linestotheir

U.S.

plants.RonbayTechnologyand

RockTech

Lithiumsignedastrategic

MoUtobuild

an

integratedlocal

battery

materials

chain

in

Europe

(LiOHofftake

and

support

for

Ronbayʼs

Polish

CAMplant).Chevronsecuredlithium-richacreagefrom

TerraVolta

Resources

and

EastTexas

Natural

Resources,thus

joining

oilmajorsinthe

USlithium

production

push.Week4Week1Week2Week3Ganfeng

Lithium

shipped

first

batch

of

lithiumconcentratefromMaliʼs

Goulamina

projecttoChina.Hithium

beganmass

production

of

worldʼsfirst1,175

Ahcell,targeting

LDESapplications.CATL

unveiled

its

new

“Choco-SEBˮbatterypacks,capableof

being

swappedin

less

than2

minutes. INDUSTRYNotable

Events

|

JuneAESC10GWhGigafactory

in

Francestarted

productionto

power

Renault

EVsCOBCOstarted

EVbatterymaterial

production

in

Morocco.Notable

Events:JuneBATTERY

REPORT

2025

|

13Gid

emits

uIdemitsu

Kosan

announced

a$142Minvestmentinanew

Li-sulfide

plantto

supply

Toyotawithsolid-statebattery

materials.panasonicPanasonic

Energyofficiallybegan

massproduction

at

its

second

U.S.cell

factory

inKansas,targeting

annual

capacity

of32

GWh.LG

EnergySolution

(LGES)

reportedQ2financialresultsandannounced

a

strategicpivot

towards

the

Energy

Storage

System

(ESS)market.OnJuly

30,

LGESsigned

a

major

newbatterysupplycontractworth$4.3

billionwith

Tesla.Farasis

Energycommencedpilot

production

ofsulfide-basedsolid-statebatteries

on

July

21,aiming

for

energy

densities

over

400Wh/kg.Redwood

MaterialsandGeneral

Motorsconfirmedtheywouldpursuetheuse

ofGM's

U.S.-built

EV

batteries

for

RedwoodEnergy'sgrid-scalepowerstorage

systems.Week4Week1Week2Week3 INDUSTRYNotable

Events

|

JulyLytenacquired

Northvoltʼs

Polish

BESSplantNotable

Events:JulyBATTERY

REPORT

2025

|

14Group14

raised$463MSeries

D

led

by

SK,acquiresfullownershipofmanufacturingoperations

for

its

JV

with

SK

in

South

Korea.⃞LG

Energy

solutionLG

EnergySolutions

becamethefirstmajorglobalbatteryproducerto

initiate

large-scalerollout

of

ESS-bound

LFP

batteries

in

the

US,

cateringtorisingdata

center

demand.CATLsuspendedlithium

production

inYichun,accounting

for~3%of

globalcapacity,duetomining

licenseexpiration.POSCPOSCO

Future

Msignedan

MOUwith

CNGRto

builda

plantfor

LFPCAMfor

ESS

&expandbeyondits

NCMAand

NCAfocused

cathodeportfolio.ProLogiumannouncedfourth-generation

solid-statebatterytechintroducinga

super

fluidizedinorganicelectrolytedelivering

57

mS/cmconductivity.口UBASF

CA可LBASF

and

CATL

signed

an

agreement,making

BASF

a

key

cathode

materials

partnersupportingCATLʼsglobal

productionexpansion.A

2026Chevrolet

Silverado

EV

Max

RangeWorkTrucksetaworld

record,

driving1,059.2

miles

on

a

single

charge

andsurpassing

Lucidʼs749mile

mark.WoCheng

New

Energydebutitsultra-lowcost

BESS

product

at$53(USD)/kWh-AC,

provokespricewardiscussion

at

Shanghai

tradeshow.Week4Week1Week2Week3Koreaʼs

big3cell

makers

operated

at

~50%

capacitygloballyamidmounting

Chinesecompetition.US

EV

salessurged20%

in

July

from

yearago,with11

brands

posting

record

salesahead

of30D

elimination. INDUSTRYNotableEvents

|

AugustNotable

Events:AugustBATTERY

REPORT

2025

|

15Ls

sews

nm

U.S.

Immigration

and

Customs

Enforcement

(ICE)

took

nearly300

Korean

skilled

workersintocustody,atthe

Hyundai-LGbattery

plantconstructionsitein

Georgiaat

ron

Energy·US

based

Natron

Energy

has

ceasedoperations,,

halting

plans

for

a

giant$1.4billionfactoryin

Rocky

Mount,

NorthCarolina.⃞LG

Energy

solutionLGESsecureda107GWh

battery

deal

withMercedes

for

LGʼs

next-generation“46seriesˮ

batteries.SAIC-GM

and

CATL

presented

6C

ultrafast-charging

LFPbatterytobe

used

ontheupgraded

Ultiumplatform.BATTERY

REPORT

2025

|

16EVE

Energylanchednew

solid-state

batteryfactoryinChengdu

Chinato

reachacapacity

of500000

cells

producedannually.Asignificantsteptowardsindustrializationofsolidstate

batteries.CATL

unveiledShenxing

Pro

LFP,

long

life&long

range

battery

for

Europe.The

first

LFPbattery

to

deliver758

kms

WLTP

and

12

years/1000

000

lifespan.LGChemannounceda

supplyagreement

forcathodeactivematerialsto

Prime

PlanetEnergy&Solutions

(PPES)

in

Japantargeting

to

start

production

in2026.Toyota

Tsusho

acquired

25%of

LG

ChemCAM

plant

in

Gumi

Korea,

lowering

HuayouCobalt's

ownership

from49%to24%toqualify

for

US

tax

credits

as

a

non-PFE.Hyundai,

Kiaworkedonnew

LFP

cathodeprocesswith

Ecoprotoeliminatetheprecursorproductionstep,

reducingimport

reliancefromChinaandlowering

cost.Week4Week1Week3Week2InoBat

received54M€funding,from

Spanishministryofindustry,for

batterycell

plant

inSpain. INDUSTRY

Notable

Events

|

SeptemberAMGlithiumopened

Europefirst

refinerytoproduce20

000

Tons

of

LiOH.Canada

delayed

the

introduction

of

its

20%EVsales

mandate

byone

year.SK

On

opened

a

pilot

plant

to

fast-tracksolidstate

batteries.Notable

Events:SeptemberFordcut1000jobs

at

its

Cologne

factorydue

to

weak

EV

demand.Archeracquired

Lilium'spatent

portfoliofor€18

millionJPMorganChase

Launches$1.5TrillionSecurityand

Resiliency

Initiative四

GM&

Posco

paused

expansion

at

theirCanadian

CAM

plant

due

to

weak

EVdemand.Sunwodaunveiledasolidstate

battery

(400Wh/kg)and

announced

a

pilot

line

(200MW).Nissanpartneredwith

Lithionfor

battery

recycling.Gotioncancelledplansto

build

batterycell

factoryin

Michiganduetoenvironmental

risksallegedby

local

residents

andChineseownership.BATTERY

REPORT

2025

|

17Chinaannouncednewexportcontrolslimitingexport

of

graphite

material&

equipment,precursorforternarycathodematerials,

LFPGen4and

battery&

CAM

equipments.Nissancancelled

EVproductionintheUS

due

to

falls

in

demand.

Instead,theywillswitchtoproducing

hybridvehicles.4YRedwoodhas

closed

a350M$

series

Efundinground,let

by

Eclipse,

and

includingstrategics

(NVentures).Lytenfinalizedacquisitionof

Northvolt

Dwain

Gdańsk,

Poland,the

largest

Battery

EnergyStorage

System

(BESS)manufacturing

facilityin

Europe.US

Department

Of

Energy

cancelled$718M

offundingtofivecompanies:AscendElements,American

BatteryTechnology,Anovion,

ICL&

LuxWall.Week4Week1Week2Week3Xiaomi

delivered40,000

EVs

in

a

single

monthas

waitlist

grows

to48

weeks INDUSTRYNotableEvents

|

OctoberChina

files

a

WTO

complaint

over

Indiaʼs

EVandbattery

subsidiesUS

BEV

tax

credit

ended

(7500$for

new

BEV&4000$for

used

BEV).Notable

Events:OctoberRonbaybecameCATLʼstop

supplierof

sodium-ionbatterycathode

materials

byproviding

more

than60%

of

its

annualvolume.BATTERY

REPORT

2025

|

18Samsung

SDI,

BMW

signed

an

agreement

tojointlyvalidateall-solid-statebatteries

using

SolidPowerʼselectrolytetechnology.U.S.-Japan

meeting

resulted

in

$350M

ofinvestmentcommitmentsfromJapan/Japanesecompaniesfor

LFPproductionfrom

MitraChem.⃞LG

Energy

solution

Trumpadministration

allowingdetainedSouth

Koreans

to

return

to

bring-up

GAgigafactoryChinaofficiallysuspendedtheimplementationoftherareearth

exportcontrolsannouncedinOctoberfor

aone-yearperiodper

latest

US-Chinatradedeal.Standard

Lithium

received$225M

fundingfromWashingtonintheraceto

bethefirst

companytoproducelithiumfromtheSmackover

in

Arkansas.Week4Week1Week3Week2Toyota

announceditwould

launch

its

2nd

U.S.

battery

plant

with

up

to$14

billioninvestment

(includinghybrids).Tesla

announced

it

would

purchase

$2B

ofESS

batteriesfromSamsungSDI

over

3years.Gotioncommencedmass

productiontosupply

46xx

format

LFP&

LMFP

cells

to

VWstarting

in

2026.LGChemsignedan

agreement

with

China

oilmajorSinopec

to

develop

Na-ionbatteries. INDUSTRY

Notable

Events

|

NovemberCATL