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Fujian-based battery manufacturer CATL has signed an agreement with the Shanghai Municipal People's Government on Wednesday to set up a new battery production base in the eastern Chinese metropolis.
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.
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).
On the afternoon of September 29, a fire broke out at the Z base production workshop of CATL located in Jiaocheng District, Ningde City, Fujian Province.
During an event held this week regarding Chinese-European cooperation, Li Ping, the vice chairman of leading battery firm CATL, said: "The penetration rate of pure EVs will far exceed current assumptions by 2025."
CATL responds that the progress of the joint factory construction plan with Ford in the United States is smooth.
There are reports that CATL and BYD are preparing to launch power batteries with a charging rate of up to 6C.
Xiaomi's Hanxing Venture Capital has reportedly carried out investment to become the third-largest shareholder of KBVIP, an NEV Charging Services firm.
CATL and CMA CGM recently signed a cooperation agreement and plan to establish a joint venture.
Avatr Technology, a brand co-developed by Changan Automobile, Huawei and CATL, has reached an agreement with Huawei with which the brand's first model, Avatr 11, will be put on display in Huawei's flagship stores in Beijing and Shenzhen later this year.
Contemporary Amperex Technology Co., Ltd. (CATL), a leading Chinese battery firm, released a performance forecast on Thursday night.
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.