Battery Archives - Page 3 of 12

Samsung’s Lee Jae-yong Vsits China After Three Year Absence

President Lee Jae-yong flew to Beijing by chartered plane on the afternoon of 23rd. This is Lee Jae-yong's second visit to China in nearly three years after inspecting the Samsung Xi'an Semiconductor Factory in May 2020.

Batteries from Chinese-made Tesla Model 3 Standard Range Version Lose Tax Break

On March 23rd, Tesla revealed to employees that it is expected to lose the entire $7500 of federal tax break because its cheapest electric vehicle uses Chinese batteries.

CATL Changes Co-President of Market Amid Slowing Demand for Batteries

The growth rate of electric vehicles in China has been decelerating, and the demand for battery power is lower than expected. CATL, a battery giant, is actively seeking new growth opportunities while pushing for cost reductions. A recent change in personnel is a clear indication of this effort.

CATL’s Kirin Battery Begins Mass Production

Kirin battery, the ace technology of global battery giant CATL, has begun its mass-production. Zeekr, a premium electric automobile brand owned by Geely Automobile Holdings, will be the Kirin Battery's first global mass production model.

CATL Tops February Installed Power Battery Capacity in China

Chinese battery giant CATL occupies 49.1% of the total market share, ranking first, with a installed capacity of 8092MWh, according to a report released by the China Passenger Car Association (CPCA) and Kerui Consulting.

Battery Anode Materials Developer Tanovus Secures Pre-A Round Financing

On March 17, battery anode material startup Tanovus announced the successful completion of its Pre-A round financing, with investments totaling tens of millions of yuan led by IDG Capital. The company has confirmed that it will soon welcome A round financing.

CATL Signs Partnership Agreement with Automaker BAIC Group

On March 13, Chinese battery giant CATL signed a strategic partnership agreement with state-owned automobile manufacturer BAIC Group.

Tesla and BYD Deny Rumors about Halting Cooperation

On March 14, Tesla Chief Executive Elon Musk and Chinese electric vehicle and battery maker BYD denied a media report that said the U.S. giant was ending its cooperation with BYD on battery supplies.

China Launches Innovative Platform for Lithium Battery Recycling

China's battery recycling market has been gaining attention from industry leaders such as CATL, as evidenced by the recent launch of "Lithium ++," the country's first internet platform for recycling lithium batteries.

CATL Annual Revenue Breaks $43B Mark for First Time

According to the annual report released by Chinese battery giant CATL on March 9, the company's total operating income in 2022 exceeded 300 billion yuan ($43 billion) for the first time, reaching 328.59 billion yuan, up 152.1% year-on-year.

BYD-backed FinDreams Technology Unveils Millimeter-Wave Radar

On March 3, FinDreams Technology, a subsidiary of BYD, released a new generation of millimeter-wave radar, which will be mass-produced in March this year.

NIO Recruits Talent from Apple and Panasonic for Battery Business

Chinese electric vehicle maker NIO is looking for talent for its battery-making operations. Two executives from Apple and Panasonic have joined the company.

NIO Builds Battery Factory to Support 400K EVs Per Year

At the 2023 NIO Battery Partner Forum held on February 24, the Chinese electric vehicle maker announced the commencement of construction of the first phase of its subsidiary industrial base in Hefei, Anhui Province.

Battery Giant CATL Cuts Prices in China

Chinese battery giant CATL is taking the initiative to implement a battery price reduction plan for key car companies, and put forward a price reduction requirement of about 10% to its raw material suppliers.

CATL Invests $3.52B in Battery Recycling Base

Leading Chinese battery firm CATL announced on January 15 that its subsidiary, Brunp, plans to invest 23.8 billion yuan ($3.52 billion) in Foshan, Guangdong Province to build an integrated new material industry production base.

CATL and UL Solutions Join Forces to Advance Battery Safety and Performance

On January 17, Chinese battery giant CATL and global leader in applied safety science UL Solutions announced a new MOU for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle batteries.

Tesla China Denies 54% Drop in Production Costs for 4680 Batteries

News emerged recently that Tesla's production of 4680 large cylindrical batteries has achieved a major breakthrough, and that costs have dropped by 54%. However, many staff members of Tesla's China division stated, "At present, there is no related news."

CATL Concentrates Authority Over Production in Headquarters

Chinese battery giant CATL announced an organizational restructuring last week, under which some decision-making power will be concentrated in the headquarters to improve efficiency.

Hong Kong-Listed Battery Firm CALB Sues Rival CATL for Unfair Competition

Hong Kong-listed Chinese battery manufacturer CALB has filed a lawsuit, suing its competitor CATL for alleged unfair competition by abusing patent rights for malicious rights protection and wanton slander.

Xiaomi Obtains New Automotive Battery Patent

A battery patent application submitted by Xiaomi was authorized on December 20. This utility battery model is equipped with liquid cooling plates on both sides of each row of cells, allowing the temperature of each row to be regulated by two large liquid cooling plates.

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