Battery News
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.
Eve Energy to establish US JV to supply batteries to commercial vehicle partners
Eve Energy US will hold a 10 percent stake in the joint venture, which will produce batteries primarily for use in designated North American commercial vehicle segments.
Global EV battery market share in Jan-Jul: CATL 36.6%, BYD 16.0%
CATL's share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased.
Chinese battery maker Gotion acquires 25% stake in European firm InoBat
The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.
SAIC to form JV with startup QingTao to make solid-state batteries
SAIC's joint lab with QingTao completed tests to install first-generation solid-state batteries into prototype vehicles with a maximum range of 1,083 kilometers in the test vehicles.
VW-backed battery maker Gotion sees Q2 profit up 76.52% from Q1
Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.
China EV battery installations in Jul: CATL share falls to 41.79%, BYD rises to 29.01%
In the LFP battery market, BYD topped the list with a 43.18 percent share in July, up from 39.61 percent in June, with an installed base of 9.35 GWh.
Chinese firm begins construction of solid-state battery facility with 10 GWh annual capacity
A lesser-known company, Jiangxi Judian, began construction on August 8 on a solid-state lithium battery project with an annual capacity of up to 10 GWh.
Global EV battery market share in H1 2023: CATL 36.8%, BYD 15.7%
CATL's global share increased in January-June from January-May, while BYD's decreased slightly.