Battery

Farasis said its 6C ultra-fast charging technology allows LFP batteries to charge from 10 percent to 80 percent in 8.55 minutes.

CATL and BYD's combined EV battery installations in January amounted to 35.9 GWh, accounting for 55.8 percent of the global total of 64.3 GWh.

CATL and Baidu will explore the use of CATL's batteries, battery swap products and services, and skateboard chassis in driverless vehicles.

There have been frequent cases of LFP producers receiving large orders, and some of the big players are raising prices.

Voyah's third-generation solid-state batteries will maintain the energy density of 300 Wh/kg, but increase the charging multiplier to 3 to 5 C.

The $2.1 billion plant is CALB's first overseas facility and is expected to start production in 2027.

CALB expects its net income to rise about 80 percent to 100 percent in 2024 from 2023 on the back of growth in business scale and lower costs.

CATL and Volkswagen will jointly develop cost-competitive battery products and cooperate in areas including battery recycling and battery swap.

The Malaysian plant is Eve Energy's first overseas factory, and 53rd globally.

CATL's share grew by 1.6 percentage points in January from December, while BYD saw its share drop by 0.29 percentage points due to lower NEV sales.