Battery News
Gotion posts 135% year-on-year profit growth in Q1, site for US battery plant nears finalization
Gotion is in the process of exploring a battery plant in the US, and the site is close to being decided, a company executive said.
Lithium price in China sees 1st rise this year as analysts expect short-term rebound
Lithium prices are expected to stop falling in the near term, but will continue their downward trend over the next two years, analysts say.
Svolt Energy's Dragon Armor Battery makes real-life debut at Shanghai auto show
In a 4C fast-charging solution, the Dragon Armor Battery has 32 percent higher pack capacity compared to the 46 series high nickel cylindrical battery, according to Svolt Energy.
China EV battery installations in Mar: CATL overtakes BYD in LFP market for 1st time this year
CATL's share of the LFP market in March was 39.47 percent, higher than 38.88 percent for BYD, which was No. 1 in the LFP market in both January and February.
CALB unveils new battery tech, boasting significant performance gains over traditional cylindrical cells
The "U" type structure allows the battery to reduce structural component resistance by 50 percent, achieve an energy density of 300 Wh/kg, and support fast charging beyond 6C, CALB said.
Some Chinese lithium producers stop production to stem continued price decline
Half of the four major lithium producers in Yichun, Jiangxi province, nicknamed the "lithium capital of Asia," have opted to shut down production, according to local media.
Samsung SDI opens battery R&D center in Shanghai
A new research lab under the center will focus on discovering new functional and affordable materials.
Lithium carbonate prices likely to fall below RMB 100,000, says chairman of battery maker Farasis Energy
Lithium prices continue to fall in China today, with the average price of industrial-grade lithium carbonate falling below RMB 200,000 per ton for the first time in the current down cycle.
Analysts explain how falling lithium carbonate prices affect EV costs
For an EV with a 70-kWh pack, the cost of the battery is now RMB 12,300 - RMB 14,500 lower than when lithium carbonate prices were at their previous high, analysts say.
Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%
CATL's share in January-February was the same as in January, while BYD saw its share rise.