In order to solve the problem of high battery costs and improve profit margins, many Chinese car companies have begun to directly enter the battery supply chain in various ways.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
As of the end of June, the installed capacity of power batteries in China had reached 531.9 GWh, remaining top in the world.
Chinese EV firm WM Motor is facing scrutiny amid rumors of reduced electricity storage, causing the cruising range to decline significantly.
Xiaoha Power Exchange, a brand owned by Chinese bike-sharing giant Hello Inc., and Southern Power Grid Electric Vehicle Service Co., Ltd. (EV Link) announced that they have recently signed a formal cooperation agreement.
The GB/T "Electric Vehicle Battery Swap Safety Requirements" drafted by BJEV, NIO, and other units have all cleared scrutiny.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
BMW Brilliance, a joint venture between BMW and Brilliance Auto, signed a strategic cooperation agreement with China’s Contemporary Amperex Technology Co. Limited (CATL) on July 17 in Beijing.