Battery News
Gotion expects Q3 net profit to rise up to 394% year-on-year
Gotion expects third-quarter net profit to reach RMB 82.35 million ($11.45 million) to RMB 97.19 million, up 318.9 percent to 394.4 percent from a year ago.
China power battery installations: CATL has 47.8% share in Sept, BYD 22.44%
CALB ranked third in September with a 6.16 percent share, while Gotion High-tech ranked fourth in September with a 4.33 percent share.
Gotion to build $2.36 billion battery materials plant in Michigan
It's the largest economic development project ever in northern Michigan and will shore up the state's position as a global hub for mobility and electrification, said Michigan's governor.
CALB goes public in Hong Kong, aims to be among world's top 3 battery makers
CALB hopes to reach the top five in the global electric vehicle battery market within a year and become one of the top three in three to five years, its chairwoman said.
CALB expected to list in Hong Kong on Oct 6, seeking to raise up to $1.7 billion
Cornerstone investors, including Xpeng and Tianqi Lithium, have agreed to subscribe for a total of about HK$5.8 billion in CALB shares.
Sunwoda plans to build $3 billion battery base with 50 GWh annual capacity
On September 15, Sunwoda announced another RMB 12 billion investment in a power battery production base with a planned annual capacity of 30 GWh.
Svolt Energy to build 2nd plant in Germany for battery cell production
Svolt Energy previously had a plant in Germany for the production of battery packs.
CATL, BYD continue to dominate China's power battery market in Aug, despite small share declines
CATL continues to rank first with a 46.79 percent share, while BYD continues to rank second with a 21.91 percent share.
Eve Energy announces battery cell supply deal with BMW after CATL
Eve Energy said it has finalized a cell supply relationship with BMW to provide large cylindrical lithium-ion cells for the latter's Neue Klasse line of models.
Tianqi Lithium's H1 net profit up 119 times as lithium prices soar
Lithium carbonate prices in China rose from RMB 270,000 per ton at the beginning of the year to about RMB 470,000 per ton at the end of the second quarter in the first half.
