January 13, 2023
Happy Friday, climate clan!
⌨️ Editor Michael Flaherty here with our first weekly digest of the year. We've seen a flurry of deal activity already, which you'll see below.
🇨🇳 We also saw a report by Alan on how the U.S. law meant to crack down on forced labor in China is impacting the solar industry. More on that next week.
1. Paving the road for EV growth
Jan. 9 — Stellantis, the Netherlands-based parent company of Jeep, Chrysler and Fiat, signed a binding supply agreement with Element 25 to supply battery materials for electric vehicles, Alan wrote.
Why it matters: Commodities markets are volatile. That's unleashed a furious arms race between automakers seeking to lock down long-term supplies for the raw materials needed to build EVs.
Plus: Monday's Pro Rata, on startup valuations and a biopharma buy