Axios Pro: Climate Deals

January 13, 2023

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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.

πŸ‡¨πŸ‡³ 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

Illustration: Sarah Grillo/Axios

Jan. 9 β€” 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.

Read the rest of this story and Monday's newsletter

Plus: Monday's Pro Rata, on startup valuations and a biopharma buy

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