🔋 Battery prices continue to fall, with the average prices in 2024 being: • 78 $/kWh for cells, a 30% drop compared to 2023 • 115 $/kWh for packs, a 20% drop compared to 2023 The price drop is largely driven by Chinese LFP increasing its market share. #battchat

🔋 Cornish Lithium secures permission for the UK’s first commercial geothermal lithium facility. The company will use direct lithium extraction (DLE) to recover lithium from geothermal brine, while simultaneously assessing the potential for geothermal heating. #battchat

Electrification is efficiency. With clean electricity, we cut major inefficiencies, lowering overall energy demand in a decarbonized world. 🔗 sustainabilitybynumbers.com/p/electrificat…

🔋 CATL sees slowest profit growth in six years. Annual net profit rose 15% to $7 billion due to declining costs of raw materials, despite rising sales volumes. Batteries for energy storage systems saw the fastest growth, accounting for 22% of its total shipments. #battchat

🔋Farasis unveils a simulation software that optimizes battery cell design for fast charging. It allows for up to 6C fast charging at system level for LFP and up to 5C for ternary cathodes. #battchat

Wild: When the BYD Zhengzhou factory is fully complete it will be larger than San Francisco (but smaller than the Denver airport!) ~10x larger than the Gigafactory Nevada. Not apples to apples because it's effectively a city - employees live there in dorms.

📮The Weekly Potential #19 is out! 🔋Explore key battery industry updates: Northvolt's bankruptcy, CALB's Portugal factory, EU's €1.8 billion investment, BYD's 1000V EV architecture, and more. 🔗Dive in now to stay ahead of the curve: lithiumhorizons.com/p/the-weekly-p… #battchat

🔋CATL developing second generation sodium-ion batteries with performance similar to that of LFP. #battchat

🔋European Commission approves Spain’s plan to invest €699 million in the construction of 1.8GWh of utility-scale energy storage. The scheme is partially financed by the European Regional Development Fund, will take the form of direct grants. #battchat

🇪🇺Europe stands at a crossroads. Its inability to bridge the gap between innovation and commercialization isn’t just a missed opportunity—it’s a strategic liability. ❗️To fellow Europeans: time to ditch red tape for bold moves. lithiumhorizons.com/p/european-inn…

🔋Theion raises $16.4 million for its lithium-sulfur battery. The company has a proprietary process of developing wafer-scale sulfur cathodes that don’t use the traditional slurry process. The electrolyte is polymer-based, while the anode is lithium metal. #battchat

🔋China’s Xiaomi has hired at least five senior executives from firms including Germany’s BMW, for its electric vehicle research and development centre in Europe. #battchat

Another industry death spiral? For EV power modules, Chinese firms like BYD are ramping up R&D and production while Western and Japanese firms--once industry leaders--are cutting back on investments and downsizing. This growing gap will make it increasingly difficult to keep up.

📮The Weekly Potential #20 is out! 🔋Explore key battery industry updates: BYD's ultra-fast charging, Spain's €699 million state aid, CATL's sodium-ion batteries, and more. 🔗Dive in now to stay ahead of the curve: lithiumhorizons.com/p/the-weekly-p… #battchat

🔋BYD to build an R&D center in UK. This move appears to be part of a broader trend of Chinese giants establishing European research centers. Xiaomi has recently snatched top BMW talents for its own battery research center in Germany. #battchat

🔋Porsche aims to recover raw materials from high-voltage batteries after their use in vehicles and to test their reuse in new batteries. The concept will first be tested at a pilot level and in select electric vehicles. #battchat

There aren’t words strong enough to describe the cowardice and depravity of a “military” that will methodically execute medical workers, bury them in mass graves, and tell the NYT the vehicles were “advancing suspiciously” without lights on. These soldiers and their superiors are

This madness must end. Israeli leaders have plunged the world in a very dark place. If this genocide isn’t stopped, our collective humanity may be lost. What is happening in Gaza is a horrifying predictor of what awaits the rest of the world if the massacres aren’t stopped.

"The cases reaching us are of people who collapsed in the streets from lack of nutrition."

The Israeli Authorities are starving civilians in #Gaza. Among them are 1 million children. Lift the siege: allow UNRWA to bring in food and medicines.