Battery Archives - Page 5 of 12

NIO Invests $273M to Set Up Battery Tech Firm

A new entity called NIO Battery Technology (Anhui) Co., Ltd. was established on October 21, with NIO founder William Li serving as chairman and with registered capital of 2 billion ($273 million). The company is 100% controlled by EV firm NIO.

Battery Giant CATL’s Q3 Profit Increases by 188.42% YoY

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.

FAW Toyota’s bZ3 Model to Adapt BYD’s Motor and Battery

FAW Toyota, a joint venture between Japanese automaker Toyota and China's First Automobile Works (FAW), announced on October 21 that the pure electric sedan bZ3 loaded with BYD batteries will be unveiled on October 24.

SVOLT Completes Cell Modules for XPeng P5 Model

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.

BMW Invests a Further 10B Yuan in Chinese Battery Facility

BMW will invest another 10 billion yuan ($1.38 billion) to expand its high-voltage battery production center in China's northeastern city of Shenyang, and that it will generally increase investment in battery projects in the country.

CATL Partners With US’s Primergy to Exclusively Supply Batteries for Gemini Project

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.

BYD Upgrades Shanghai Battery Factory to Supply Apple

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.

CATL Reportedly Holds Patent Covering Cell-to-Chassis EV Technology

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.

BYD to Expand Shanghai Battery Factory, Rivaling Local Tesla Gigafactory

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.

CATL’s Q3 Profits Exceed $1.22B, Setting New Record

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.

CATL’s Global Installed Battery Capacity Exceeded 100GWh From Jan to Aug

South Korean energy market research institution SNE Research on October 6 released its latest data on the global installed battery capacity of electric vehicles. CATL continued to dominate the list with cumulative installed capacity reaching 102.2 GWh, exceeding the 96.7 GWh achieved last year.

Anhui Project of HK-Listed Battery Firm CALB Completes First Product Batch

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.

Subsidiary of Chinese Battery Maker Gotion High-Tech to Build Factory in Michigan

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.

CALB Becomes First Battery Manufacturer Listed in Hong Kong

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.

Battery Giant CATL Supports IPOs of Raw Material Suppliers

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.

CATL Subsidiary Plans New Lithium Salt Project

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.

CATL to Build 13th Battery Production Base

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).

CATL Advances $4.4B New Energy Industrial Park Project

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).

Battery Firm EVE Energy to Invest Over $1.38B on Production Expansion

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.

Fake Subsidiary Emerges as BYD Largely Invests in Battery 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.

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