Battery News
Battery maker Svolt, spun off from Great Wall, files for IPO in China
Svolt Energy plans to raise RMB 15 billion, seeking a valuation of RMB 60 billion.
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Gotion, Vingroup begin construction of battery plant in Vietnam
The first phase of the plant has a planned annual capacity of 5 GWh and is expected to be operational by the end of 2023.
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Chinese regulators vow to crack down on price gouging as lithium prices rise to staggering levels
China will strictly investigate and punish hoarding, price gouging and unfair competition in the upstream and downstream lithium battery industry to maintain market order, a govern
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Lithium carbonate now costs 10 times more than it did two years ago
Every RMB 100,000 increase in the price of lithium carbonate will have a 2 percentage point impact on Nio's gross margin, the company's CEO previously said.
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China Oct power battery installations: Total volume down 3.5% from Sept, CATL share at 48.33%
BYD ranked second with 25.36 percent share, CALB and Gotion High-tech ranked third and fourth with 6.76 percent and 4.52 percent shares respectively.
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Changan chairman calls for regulatory efforts to bring down raw material costs for NEVs
China should launch a crackdown on the profiteering of some players and stop some companies from hoarding and speculating on raw materials, according to the chairman of Changan.
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Nio's semi-solid-state battery supplier WeLion closes about $200 million in new funding
Following the completion of the financing, WeLion will further accelerate the construction of its production line and increase its R&D investment.
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Sunwoda to supply batteries for VW's HEV project
This marks Sunwoda's entry into Volkswagen's high-voltage battery supplier system, the company said.
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Chinese battery maker CALB to build production base in Portugal
CALB's plant in Portugal will be located near a local port and the company aims to make the project a world-leading zero-carbon plant.
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Dongfeng-Sunwoda JV's 30 GWh battery base starts construction
The project, with a total investment of RMB 12 billion, has a planned annual capacity of 30 GWh.
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