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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.
Chinese battery maker SVOLT released an SV 600 strategy and four supporting initiatives for 2025 at the 2nd Battery Day of SVOLT held on Wednesday.
EV battery maker SVolt Energy Technology bags a hefty Series A round, luxury brand group Ushopal raises another $100 million to fund expansion plans, and healthcare investor OrbiMed closes a new Asia fund.
EV battery maker SVOLT Energy Technology announced on July 30 that it had obtained Round B financing worth 10.28 billion yuan, led by BOCGI, Country Garden Venture Capital, SCGC, CCB Investment, IDG, SANY and Xiaomi Group.
On Wednesday, Lei Jun, Co-Founder and CEO of Xiaomi, announced via his Weibo account that Xiaomi Auto Co. Ltd has been officially established, with registered capital of 10 billion yuan ($1.5 billion).
According to the China Automotive Power Battery Industry Innovation Alliance on Monday, China's power battery output totaled 39.2 GWh in March, up 247.3% year-on-year, while output reached 100.6 GWh in Q1.
SVOLT Energy Technology Co., Ltd. on Thursday signed a cooperation agreement with Shanghai Jiading District State-Owned Assets Management (Group) Co., Ltd., announcing the establishment of SVOLT Shanghai R&D Center.
Electric vehicle (EV) battery maker SVOLT has completed a B+ round of financing worth 6 billion yuan ($942 million) on December 11.
Ningde Intermediate People's Court of Fujian Province is preparing to hear a lawsuit later this month in which Contemporary Amperex Technology Co., Limited (CATL) is suing SVOLT on the grounds of unfair competition.