Battery News
Power battery maker Gotion launches new lithium battery material projects
Gotion's Shenzhen-traded shares were up at the 10 percent intraday limit, after rising about 70 percent in the past two months.
EV battery maker Gotion, JinkoSolar sign deal to collaborate on energy storage
EV battery maker Gotion Hi-Tech and solar module maker JinkoSolar Holding Co recently signed a strategic cooperation agreement to tap the solar energy storage market.
Chinese EV battery maker CALB starts construction of new $1.55 billion project
The project, located in central China's Hubei province, is a 20 GWh capacity production site with an investment of RMB 5 billion in the first phase.
EV battery maker Svolt closes new round of $1.59 billion financing
Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).
China's lithium-ion battery output exceeded 110 GWh in H1, up over 60% from a year earlier
The total output value of the lithium-ion battery industry in the first half of the year exceeded RMB 240 billion ($37.1 billion), and total exports were RMB 74.3 billion, an increase of nearly 70 percent year-over-year.
Analysts expect lithium prices to rise to previous record high this year
Lithium carbonate prices are expected to reach RMB 180,000 ($27,733) per ton in the second half of the year, the previous record high, said analysts.
China's new LFP projects in H1 exceed $6 billion in combined investment
For comparison, China shipped 124,000 tons of LFP cathode materials in 2020, up 41 percent year-over-year, with market size of about RMB 4.5 billion.
LFP batteries recovering lost ground in passenger car market
It is worth noting that about 74.42 percent of the installed capacity of lithium iron phosphate batteries came from the passenger car market, at 16.76 GWh.
Power battery maker Gotion expands its presence in upstream materials with new project
Gotion signed an agreement with Hefei Lujiang High-tech Zone on July 25 to build a 200,000 ton per year cathode material production base there, further expanding its business into the upstream sector.
Power battery maker Eve Energy to spend $380 million to add new production lines
Chinese power battery maker Eve Energy plans to spend RMB 2.45 billion ($380 million) on new production lines, according to an announcement made by the company on Thursday.