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.
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.
China's leading battery company CATL announced on September 28 that it will build a battery production base in Luoyang, Henan Province with a maximum investment of 14 billion yuan ($1.95 billion).
Leading Chinese battery firm CATL held an event regarding trial production of the Brunp Recycling Project and the commencement of a new phase in the CATL-BRUNP Integrated New Energy Industrial Park, which has total investment of 32 billion yuan ($4.42 billion).
An investment roadmap released on September 27 by Chinese battery company EVE Energy, which has a market value of over 170 billion yuan ($23 billion), has offered further insight into the potential of the lithium industry.
Recently, a little-known small company in Nanning, Guangxi Province, has received some attention due to its claim to be wholly-owned by BYD. According to public information, BYD has made frequent investments in the city throughout the year.
On September 23, Chinese auto maker and Huawei's vehicle manufacturing partner Seres said on an investor interaction platform that it is working with CATL on the new M3P battery.
China's leading battery maker CATL announced on September 22 that it has agreed with FlexGen, a US-based energy storage technology company, to supply it with 10GWh of EnerC containerized liquid-cooling battery systems over the course of three years.
Chinese automotive giant SAIC Motor announced on September 22 that it has jointly established a battery swapping firm alongside Sinopec, PetroChina, CATL and Shanghai International Automobile City.
Chinese second- and third-tier battery manufacturers have been ramping up production and accelerating their overseas presence this year, vying for market share alongside first-tier players such as CATL and BYD.
WeView, a Shanghai-based new energy storage enterprise, announced on September 21 that it had completed several rounds of financing in six months, with a total amount exceeding 400 million yuan ($56.8 million).
As tight supply of lithium resources sends prices skyrocketing, more cost-effective sodium-ion batteries are now attracting the attention of various parties within the Chinese market.
The electric vehicle battery subsidiary of Shenzhen-based Sunwoda will jointly invest about 12 billion yuan ($1.71 billion) alongside three other parties to build a 30GWh battery production base, according to an announcement on September 15.
On the evening of September 14, a rumor that the Inflation Reduction Act recently passed by the United States government will ban Chinese batteries after 2024 spread wildly on Chinese social media. The potential policy was then repudiated by the Secretary of the Board of BYD.
Three battery projects belonging to Chinese electric vehicle firm BYD in the country's southern Guangxi Zhuang Autonomous Region have reportedly made new progress, intended to provide support for the EV maker's exploration of ASEAN markets.