Battery News
Gotion's Thailand JV sees 1st battery pack roll off line
Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.
Global EV battery market share in Jan-Oct: CATL 36.9%, BYD 15.8%
CATL's share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent.
Some battery makers in China to be forced to cut or halt production due to lack of orders, says TrendForce
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.
Lithium carbonate prices fall 50% in 6 months in China with supply-demand balance seen as still 1 year away
Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said.
Chinese sodium battery maker Zoolnasm begins construction of its 1st production base
The planned annual capacity of Zoolnasm's manufacturing facility includes 20 GWh of sodium-ion battery cells and 10 GWh of sodium-ion battery systems.
Chinese battery maker Gotion partners with UK charging operator Pod Point to tap energy storage market
Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.
China EV battery installations in Oct: CATL's share rises to 42.18%, BYD drops to 26.23%
CATL's share of the Chinese EV battery market increased by 3.4 percentage points in October compared to September, while BYD's share decreased by 0.77 percentage points.
TrendForce expects China's power battery price decline to continue into 2024
China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.
Lithium carbonate prices keep falling as supply-demand imbalance fears persist
The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue.
Global EV battery market share in Jan-Sept: CATL 36.8%, BYD 15.8%
CATL and BYD's shares in January-September both declined slightly from January-August.