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According to the latest statistics released on Monday by SNE, a Korean market research institution, CATL remains the single largest supplier of automotive batteries with a global market share of 32.6% as of 2021, ranking first once again.
The second phase of Envision AESC Group's battery manufacturing base started construction in Wuxi, Jiangsu Province on Monday, with a planned production capacity exceeding 15GWh and a mass-production plan in 2023.
The official website of the Shiyan Municipal People's Government in China's central province of Hubei published an article Wednesday saying that it had signed a strategic agreement with Envision Group.
Luxury automotive brand Mercedes-Benz announced on Wednesday that it has reached a strategic cooperation agreement with Envision AESC, a subsidiary of Envision Group.