Battery

Gotion's German battery plant is expected to be ready to supply European customers from October and could reach a real-world capacity of 5 GWh by mid-2024.

CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.

The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.

The plant will focus on lithium-ion battery cell and pack production and energy storage system integration, and is expected to produce 10 GWh battery packs and 40 GWh cells when completed.

Battery-grade lithium carbonate prices are still sinking, but lithium suppliers have begun to cut production and the market is looking forward to the September-October demand season, TrendForce said.

Eve Energy US will hold a 10 percent stake in the joint venture, which will produce batteries primarily for use in designated North American commercial vehicle segments.

CATL's share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased.

The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.

SAIC's joint lab with QingTao completed tests to install first-generation solid-state batteries into prototype vehicles with a maximum range of 1,083 kilometers in the test vehicles.

Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.