Battery Archives - Page 4 of 12

CATL and Gresham House Establish Global Strategic Partnership

Chinese battery giant CATL announced on December 22 that it has reached a long-term agreement with Gresham House Energy Storage Holdings PLC, a specialist alternative asset management group based in London, involving the supply of up to 7.5 GWh in battery energy storage systems (BESS).

CATL’s German Factory Begins Battery Cell Production

Chinese battery giant CATL's factory in Thuringia, Germany, has begun the mass production of lithium-ion battery cells as scheduled, which means that the company now has a local production and supply capacity for its European customers.

XPeng Motors Establishes Battery Subsidiary

Chinese electric vehicle company XPeng Motors has set up a power battery subsidiary last month, a move that is considered by the industry as another signal that the company will develop its own power battery manufacturing capabilities.

Spy Photos of EV Model Created by Chery, Huawei and CATL Emerge

Spy photos of the first vehicle model created by a trio of Chinese companies, including automaker Chery, tech giant Huawei and battery maker CATL, have surfaced on the internet.

Gotion Hi-Tech to Set Up Lithium-Ion Battery Joint Venture in Thailand

Gotion Hi-Tech, a leading Chinese battery firm, signed an agreement on December 15 with Nuovo Plus, an energy solutions company under the Petroleum Authority of Thailand, involving the establishment of a joint venture called NV Gotion Co., Ltd.

Chinese EV Battery Maker REPT to Go Public Overseas

REPT, a Chinese electric vehicle battery manufacturer backed by leading nickel and stainless steel producer Tsingshan Holding Group, has submitted an application for an overseas public listing.

Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy

Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.

Chinese Battery Maker CALB Compensates $417K to Rival CATL for Patent Infringement

Chinese battery maker CALB announced on November 30 that it will immediately stop selling products that infringe on the patent rights of a rival, CATL, and compensate the latter 2.96 million yuan ($417,577).

XPeng Denies Reports It Is Developing Batteries

Reports have surfaced that Chinese electric vehicle maker XPeng Motors recently started a self-developed batteries project. The firm later denied the rumors.

How Hydrogen Fits in China’s Bid to Decarbonize the Auto Sector

Even if fuel cell vehicles never catch up with battery-based alternatives, they still just might find a few wide-open lanes.

BYD Denies Rumors About Progress of Solid-State and Sodium-Ion Batteries

On November 22, Chinese electric vehicle maker BYD denied recent rumors that its solid-state batteries are about to be loaded into vehicles and that its sodium-ion batteries are entering the test stage.

Battery Maker SVOLT Gets Green Light for IPO to Raise $2B

The public listing of SVOLT, a Chinese lithium-ion battery systems provider, was approved by the Shanghai Stock Exchange on November 18.

Vietnam’s Vingroup Cooperates with Gotion High-Tech to Build Battery Factory

Vingroup, the largest private enterprise group in Vietnam, issued a statement on November 18 announcing that the joint venture factory between its battery company, and Gotion High-Tech, a Chinese battery manufacturer, broke ground.

Chinese Battery Firms EVE Energy and Gotion Hi-Tech Deny Reduction Rumors

In response to the rumor that "Chinese battery factories plan to reduce production because the price of lithium carbonate exceeds 600,000 yuan ($85,156)/ton", Chinese battery maker EVE Energy said that it is currently operating as per usual.

Chinese Battery Firm Sunwoda Completes GDR Issuance, Debuts on Swiss Stock Exchange

Chinese battery manufacturer Sunwoda completed its issuance of global depository receipts (GDRs) on November 14 and listed them on the Swiss Stock Exchange, becoming the fourth company also traded publicly in Shenzhen to successfully list GDRs in Europe.

NIO’s Q3 Revenue Up 32.6% YoY, Five New Cars to Be Unveiled Next Year

On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.

Sunwoda to Supply Battery Pack Systems for Volkswagen AG

Sunwoda, a leading Chinese battery company, announced on November 6 that its subsidiary Sunwoda Electric Vehicle Battery (Sunwoda EVB) will serve as a mass production supplier of battery pack systems for Volkswagen AG's HEV project.

Gotion High-Tech Batteries to Be Installed in Volkswagen Cars Next Year

Chinese battery manufacturer Gotion High-Tech released its latest financial report on October 26, showing operating income of 14.426 billion yuan ($1.99 billion) in the first three quarters of the year. In addition, batteries supplied by the company to Volkswagen will be installed next year.

CATL Chairman Claims Main Components of Lithium Batteries Can Be Recycled

Robin Zeng, Chairman of Chinese battery giant CATL, said that, unlike oil, lithium battery's main components can be recycled, adding that the development of the lithium battery industry makes the energy mix in China change from relying on resources to manufacturing and recycling.

CATL, BYD, and Other Chinese Power Battery Makers Compete in European Market

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.

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