Battery News
Envision AESC signs deal to supply batteries to BMW
Envision AESC will build a battery plant in the US to supply BMW with a planned capacity of 30 GWh, with production scheduled for 2026.
Some Chinese energy storage firms reportedly suspend taking orders due to battery supply shortages
Since the end of September, a continued shortage of battery supply has led to a common suspension of order-taking by energy storage system manufacturers, according to local media.
Tianqi Lithium expects Q3 net profit to rise up to 1,364% year-on-year
Lithium-ion battery makers accelerated capacity expansion, and Tianqi Lithium's key lithium products saw significant increases in both sales volume and average sales price compared to the same period last year.
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.