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The Lone Star State may be the heart of America’s oil and gas map, but it’s quickly becoming the biggest installer of a technology key for renewables development: battery storage.

Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.

The world’s largest battery manufacturer, CATL, has agreed to invest up to $346 million in building out a battery-swapping network across China in collaboration with EV maker Nio.

Toyota has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors backed out of the project.

TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Feb. 5, under a new partnership with the Shanghai government.

Battery maker LG Energy Solution said it will make major cuts to spending this year, though it expects a rebound in sales, as major uncertainties hang over the global electric vehicle sector.

Battery maker LG Energy Solution Ltd. reported an unexpected loss — sending its shares down — as cooling demand for electric cars hurt sales.

China plans to tighten export restrictions on certain technology used to make battery components and the processing of two crucial metals amid rising trade tensions globally.

Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.

The average price of lithium-ion battery packs has fallen the most in seven years,  a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.