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Industry update

08 September 2025

US records strongest month for EV sales in August as tax credits near expiry

The US electric vehicle (EV) market posted its highest-ever monthly sales in August, with more than 170,000 units sold, according to Rho Motion’s EV & Battery Database. This follows July 2025, which was the...

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Industry update

05 September 2025

How is the second life battery market playing out?

Since electric vehicles (EVs) began moving into mass adoption, questions have persisted about what happens to their batteries at the end of life (EoL). Recycling remains the obvious answer, but...

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Industry update

29 August 2025

Growth in China’s heavy-duty electric truck sales is outpacing the passenger car market

Lithium-ion battery demand is still primarily driven by passenger EVs and the energy storage sector. However, China’s heavy-duty truck segment is...

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Industry update

28 August 2025

Group14 secures $463m in funding to scale up its manufacturing capabilities

roup14 Technologies has raised $463m in a Series D funding round to accelerate its...

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Industry News

28 August 2025

BESS system integrator ranking in H1 2025 shows change is on the horizon for the industry

A recent BESS system integrator ranking from Rho Motion demonstrates how the energy storage industry is rapidly evolving as it grows. From 2023 to 2024, BESS shipments grew by...

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Industry update

27 August 2025

Chinese presence in Tier 1 increases further with CALB, EVE, SVOLT, and Gotion

Benchmark has promoted Chinese cell producers CALB, EVE Energy, SVOLT, and Gotion to Tier 1 status. This follows sufficient evidence that these...

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Industry update

22 August 2025

Indonesia proposes regulatory changes to promote nickel-based batteries amid global LFP shift 

The Indonesian government is proposing what ministers have termed “regulatory tweaks” aimed at promoting the adoption of nickel-based batteries over...

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Industry update

19 August 2025

Is the US reducing its reliance on Chinese made cells?

Lithium ion battery imports are an important part of the US’ domestic BESS industry. Historically, China has been the largest source of imported cells to the US, however this trend appears to be changing as US imports from China have...

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Industry update

18 August 2025

Charting the evolution of CATL’s revenue streams

Founded in 2011, CATL is the world’s largest lithium ion battery supplier, controlling just under a third of the global market in 2024, according to Rho Motion. Examining how CATL’s revenue mix has...

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Industry News

15 August 2025

Visualising Africa’s Battery Storage Pipeline

The Battery Energy Storage System (BESS) market is currently the fastest growing segment of global battery demand, with y-o-y growth of 53% in 2024, according to Rho Motion’s BESS database. This expansion has been...

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Industry update

14 August 2025

Southeast Asia expected to see uptick in BESS deployments with Indonesia’s new BESS mandate

The Indonesian government has announced a new program in which it aims to build 320GWh of BESS across the country. It will include the deployment of 80GW of solar alongside this, aiming to provide 80,000 villages with...

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