Stellantis, a leading automaker, has announced plans to invest $70 billion in its electric vehicle (EV) business, with a focus on lithium iron phosphate (LFP) batteries. The company aims to produce EVs with cheaper batteries, a new platform, and high-tech chips for AI and autonomy. This move is seen as a comeback for Stellantis, which has struggled to gain traction in the EV market. The use of LFP batteries is expected to reduce production costs and increase the range of its EVs. With this investment, Stellantis hopes to become a major player in the EV market, competing with industry leaders such as Tesla and Volkswagen. InsideEVs

Hyundai Motor Group has expanded its Hyundai Center of Excellence (Hyundai CoE) to seven universities in India, with the goal of accelerating battery and electrification research. The company has partnered with four additional universities to advance 39 joint research projects, focusing on battery technology, electrification, and other related areas. This expansion is expected to strengthen Hyundai's research capabilities and help the company develop more efficient and sustainable battery solutions. The partnership is also seen as a strategic move to increase Hyundai's presence in the Indian market, which is expected to play a significant role in the company's future growth. CleanTechnica

China's lithium battery industry chain is experiencing a new round of expansion, with multiple companies announcing production capacity increases. After a two-year period of adjustment and capacity clearance, the industry is now seeing a more rational expansion, driven by improved supply and demand relationships, upgraded demand structures, and a reshaped profit landscape. Several A-share listed companies have disclosed expansion announcements, covering upstream lithium salt, midstream materials, and downstream battery manufacturing. This expansion is expected to increase the industry's production capacity and help meet the growing demand for lithium batteries. 36氪