Battery

This marks Sunwoda's entry into Volkswagen's high-voltage battery supplier system, the company said.

CALB's plant in Portugal will be located near a local port and the company aims to make the project a world-leading zero-carbon plant.

The project, with a total investment of RMB 12 billion, has a planned annual capacity of 30 GWh.

This sent the company's market capitalization down to HK$41.1 billion, down HK$20.9 billion from about HK$62 billion at the opening of trading today.

Gotion will build a 20 GWh per year power cell project in Hefei, Anhui and a 10 GWh per year project in Liuzhou, Guangxi.

The battery allows for a 50 percent reduction in the number of cells and a 47 percent reduction in the number of Pack parts, resulting in a 30 percent increase in productivity, according to Eve Energy.

Eve Energy plans to build a new 21700-type cylindrical battery production facility in Malaysia to support local and Southeast Asian electric two-wheeler and power tool manufacturers.

The order is estimated at $110 million and the project is expected to be completed and delivered by the end of 2022.

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.

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.