Phate Zhang

The Qilin Battery will have an energy density of 255 Wh/kg and will be in mass production in 2023, CATL said.

An Nio sedan ran off the fifth floor of the company's Shanghai headquarters building and tumbled sideways onto the ground, according to local media.

Livan officially announced its entry into the battery swap segment through a rebranding and will launch its first battery swap-enabled model, the Livan 7, for the general public this Saturday.

CATL raises a total of RMB 45 billion through the offering, which will be used for lithium battery capacity construction and technology development projects.

China is studying the extension of its policy on the purchase tax exemption for NEVs, a State Council meeting said yesterday.

With the same chemistry and the same pack size, the Qilin battery has 13 percent higher capacity than the 4680 battery, CATL executives said earlier.

Tesla aims to raise production at the Shanghai plant to a new record high by the end of July to get closer to its goal of producing 22,000 cars a week, according to Reuters.

Korean media reported yesterday that Kia has selected CATL's batteries for its electric Niro SUV. Chinese media today quoted CATL sources as confirming the report.

Volkswagen Anhui is moving full speed ahead with production, with pre-production vehicles set to roll off the line this year and mass production in the second half of 2023.

The setback regarding the P5 does not affect Xpeng's long-term strategy in Europe, where it is moving to encourage local consumers to pre-order the P7 sedan.