Battery News
Chinese EV battery maker Rept plans HK IPO
By the end of 2022, Rept had a production capacity of 35.2 GWh, and by 2025 it is expected to have a capacity of more than 150 GWh.
Sunwoda's EV battery business kicks off IPO process in China
Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
Great Wall-backed Svolt Energy gets order to supply batteries worth over $10 billion to BMW, report says
BMW will leave the remaining order of about 70 GWh of its 160 GWh battery needs to be shared between CATL and Eve Energy, according to local media.
Global EV battery market share in Jan-Aug: CATL 36.9%, BYD 15.9%
CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.
China EV battery installations in Sept: CATL's share falls to 39.41%, BYD rises to 27%
CATL's share fell by 4.88 percentage points in September from August, while BYD's rose by 0.03 percentage points.
VW-backed Gotion sees German battery plant go into production
Gotion's German battery plant is expected to be ready to supply European customers from October and could reach a real-world capacity of 5 GWh by mid-2024.
China EV battery installations in Aug: CATL's share rises to 44.29%, BYD falls to 26.97%
CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.
Lithium prices fall below key level in China as new downtrend continues
The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
Chinese EV battery maker Gotion to build $2 billion plant in Illinois, to start production in 2024
The plant will focus on lithium-ion battery cell and pack production and energy storage system integration, and is expected to produce 10 GWh battery packs and 40 GWh cells when completed.
Lithium prices in China expected to stop falling in Sept as suppliers cut production, says TrendForce
Battery-grade lithium carbonate prices are still sinking, but lithium suppliers have begun to cut production and the market is looking forward to the September-October demand season, TrendForce said.