Battery

That's because Svolt's operations in its home market in China are already struggling, and it can't afford to handle overseas factories that require a lot of capital, according to Caixin.

CATL has launched the Freevoy battery for hybrid vehicles, which offers a range of more than 400 kilometers and supports 4 C fast charging, allowing hybrid vehicles to deliver a BEV-like experience.

CATL reported net income of RMB 13.14 billion in the third quarter, up 6.32 percent from the second quarter. It had a record gross margin of 31.17 percent in the third quarter.

CATL and BYD both saw their share of the Chinese EV battery market decrease slightly in September, as smaller players, including Gotion High-tech, gained share.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-August period, with the former seeing a slight decrease in share and the latter an increase.

A CATL production site in Ningde, Fujian, where the company is headquartered, caught fire in one of the rare accidents in battery manufacturing.

BYD's chief scientist expects solid-state batteries to be widely used in 5 years, starting with high-end models, the first time a BYD executive has spoken publicly on the topic in the last few years.

SAIC-GM and CATL have jointly launched an LFP battery that supports a 6C charging multiplier and can get more than 200 km of range on a 5-minute charge.

CATL has launched the CATL Tectrans Bus Edition, claiming an energy density of 175 Wh/kg, the highest in the electric bus industry.

A rumor -- later confirmed -- that CATL had suspended lithium production in Jiangxi sent shares of major lithium producers soaring.