Battery

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The world’s largest EV battery maker is raising $5 billion in Hong Kong

The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […]

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SoftBank is converting a Sharp LCD factory into a battery plant for AI data centres. The data centres cannot wait five years.

Summary: SoftBank Corp. plans to convert part of the former Sharp LCD factory in Sakai, Osaka into one of Japan’s largest battery production lines for AI data centres, with production expected within five years (~2031). The move completes a vertical integration stack spanning chips (Arm, Graphcore, Ampere), modular data centre manufacturing (Lordstown), energy generation (SB […]

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GIC-backed battery maker Envision AESC is considering a $2 billion Hong Kong IPO

The Japan-headquartered EV battery manufacturer, controlled by China’s Envision Group and backed by Singapore’s sovereign wealth fund GIC, is mulling an IPO in Hong Kong that could raise up to $2 billion, Bloomberg reported on Thursday. The move marks a significant change from earlier plans to list in the US. Envision AESC, the electric vehicle […]

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UK startup Altilium bags £18.5m to build Britain’s first commercial EV battery refinery

In short: Altilium, a UK clean technology company, has secured £18.5 million in grant funding from the government’s DRIVE35 Scale-Up Fund to build ACT3, the country’s first commercial refinery for recovering critical minerals from end-of-life electric vehicle batteries. Located in Plymouth, Devon, the facility will process 24,000 EV batteries a year using Altilium’s proprietary EcoCathode™ process, […]

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EnerVenue lands $300 million to bring NASA’s space batteries down to Earth

For decades, nickel-hydrogen batteries have been the quiet workhorses of space, powering the International Space Station and the Hubble Space Telescope through the extremes of orbit. Now, a California startup wants to put that same chemistry to work on the ground, and it just secured serious money to do it. EnerVenue has raised $300 million […]

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Energy Vault acquires 175 MW battery project in Texas as it bets on AI-driven power demand

In the sprawl north of Dallas, where data centres are multiplying and the Texas grid groans under record demand, Energy Vault has placed a new bet on battery storage, and on the idea that the companies powering AI’s insatiable appetite for electricity will need far more of it, far faster. The California-based energy storage company […]

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Holyvolt buys US battery pioneer Wildcat Discovery for $73M

The battery industry has a translation problem. Researchers can identify promising new materials in the lab; the challenge is moving those discoveries through chemistry, engineering, and manufacturing without losing years and hundreds of millions of dollars in the process. The gap between discovery and production has long been one of the defining bottlenecks of the […]

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A German battery firm bets dry electrodes can keep Europe in the game

The town of Flintbek is not somewhere you would expect to find one of Europe’s more credible answers to Chinese battery dominance. It is a quiet commuter settlement south of Kiel, better known for light industry than deep tech. But tucked inside a climate-controlled production hall there, a company called UniverCell has spent six years […]

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