4. Qatar Investment Authority (QIA)

Established: 2005

Headquarters: Qatar

CEO: Mansoor Ebrahim Al-Mahmoud

In September 2023, Qatar’s sovereign wealth fund QIA invested in U.S.-based Ascend Elements, a manufacturer of sustainable, engineered battery materials for electric vehicles. This investment follows other similar investments, including in Xpeng to manufacture electric vehicles, in Fluence to accelerate the growth of large-scale battery-based energy storage, and in Enel Green Power to build and operate renewable plants in Sub-Saharan Africa.

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