The European power battery market is becoming much more important. Many Chinese power battery manufacturers including CATL and BYD also set their sights on the market.
Compared with the heads of other Chinese auto firms, Wei Jianjun, Founder and Chairman of Great Wall Motor (GWM), tends to operate in a very low-key manner, but the new energy business map he has been developing is impressive.
Leading Chinese new energy vehicle and battery firm BYD announced on October 21 that its cumulative output of photovoltaic modules in Brazil has exceeded 2 million.
Chinese battery giant CATL disclosed its third-quarter financial report on October 21, showing its revenue reaching 97.4 billion yuan ($13.4 million) in the third quarter and 210.34 billion yuan ($29 million) in the first three quarters.
On October 19, SVOLT, a lithium-ion battery system provider, announced that the battery cell modules matching XPeng Motors' P5 models rolled off the production line.
Shell, an international energy giant, would provide BYD's European vehicle owners with a better charging experience by opening up to them the right to use about 300,000 of the company's charging piles all throughout continental Europe.
Alibaba Global Initiatives, a professional training arm under Alibaba, has enrolled a second class of more than 360 African entrepreneurs for its Alibaba Netpreneur Training program, a philanthropic initiative that aims to support the next generation of business leaders in Africa.
Chinese battery giant CATL announced on October 18 that it has reached an agreement with Primergy Solar LLC, a US-based distributed photovoltaics and energy storage operator, to exclusively supply batteries for its Gemini project.
Alibaba's e-commerce platform Taobao will update its version for elderly people ahead of Tmall Double 11, the annual Shopping Festival will kick off pre-sales at 8 p.m. on October 24.
The batteries produced by BYD in Shanghai are reportedly supplied to 3C (computer, communication and consumer electronics) products and the upgrade of the production line are mainly changes in technology in order to supply Apple.
On October 11, the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA), guided by China's National Energy Administration, released the state of operations of the national electric vehicle battery charging and swapping infrastructure in September.
A previously announced patent for a car chassis with adjustable lengths owned by Chinese battery giant CATL is related to cell-to-chassis (CTC) technology for electric vehicles, and is planned to be implemented before 2025.
Chinese new energy vehicle and battery giant BYD plans to invest 5 million yuan ($695,778) in an expansion project involving Shanghai BYD Co., Ltd. The eastern Chinese metropolis also hosts one of Tesla's Gigafactories in its Lingang New Area, Pudong District.
A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.
Chinese battery manufacturer CALB, which was recently listed on the Hong Kong Stock Exchange, announced on October 8 that the first batch of products from a project worth 24.8 billion yuan ($3.49 billion) in Hefei, Anhui Province, have rolled off the production line.
Gotion, the US subsidiary of Chinese battery manufacturer Gotion High-Tech, will build a battery material factory in Big Rapids, Michigan, with an investment of about $2.364 billion, creating about 2,350 jobs.
China Aviation Lithium Battery Co., Ltd. (CALB) officially listed on the main board of the Hong Kong Stock Exchange under the symbol of "3931" on October 6, becoming the first battery company listed on the exchange.
With the development of the new energy vehicle market, the number of listed enterprises with operations in the lithium industry is increasing. As a global battery leader, CATL has supported the public listing targets of its own raw material suppliers.
More than 10,000 livestreamers in China’s rural areas participated in Alibaba's a week-long livestreaming Harvest Festival, driving its local economy with the leverage of the trending technology.
A subsidiary of Chinese leading battery maker CATL has planned a new lithium salt project that could house as much as 110,000 tons in Longyan City, Fujian Province.