EU-backed investors plan 500 million euro battery raw materials fund

InnoEnergy, Demeter launch fund to kick-start projects
Aims to develop local domestic supply chain
Part of EU efforts to boost bloc's sovereignty
LONDON, Jan 18 (Reuters) - Two of Europe's leading energy transition investors plan to raise 500 million euros ($544.55 million) for a battery raw materials fund, aiming to plug "significant gaps" in the region's supply chain, executives told Reuters.
InnoEnergy, backed by the European Union, and Demeter Investment

Tesla to showcase Cybertruck on China tour

SHANGHAI, Jan 18 (Reuters) - Tesla China is to launch a nationwide tour to showcase its flagship Cybertruck pickup in its second-largest market, the company said on Chinese social media messaging site Wechat on Thursday.
The U.S. automaker did not give dates.
Tesla CEO Elon Musk posted on the X platform on Sunday that the company could ship some prototypes of Cybertruck for display in China although it would be difficult to make the vehicle legal for the road.

Low-cost spot bitcoin ETFs threaten to erode Coinbase margin, trading volume

CFRA Research downgraded Coinbase to "sell" from "hold", saying the exchange could be forced to cut its trading fees to remain competitive with low-cost ETFs.
The ease of accessing spot bitcoin ETFs via stock brokers such as Robinhood (HOOD.O), opens new tab that charge very low commissions was also likely to pressure Coinbase margins.
"This is likely to reset the bar lower for pure-play, over earning crypto exchanges like Coinbase," Mizuho analyst Dan Dolev said.