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.