Battery

BYD topped the LFP battery market with a 39.61 percent share, but lower than its 45.30 percent share in May.

The plant will have two production lines for assembling battery modules and packs, with construction expected to be completed by the end of 2023.

CATL's battery installed base grew 59.6 percent year-on-year in January-May, while BYD's grew 107.8 percent year-on-year, according to SNE Research.

BYD will set up a joint venture with a local conglomerate to build a sodium-ion battery production base in Xuzhou, Jiangsu province.

Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

China will need 1,000-1,200 GWh of power battery capacity by 2025, but the industry is already planning for 4,800 GWh of capacity, according to Changan's chairman.

The Phoenix battery will be in mass production next year and is expected to be used in production vehicles by the end of next year, Greater Bay said.

Svolt Energy is planning to invest $30 million to build a battery module pack plant in Thailand, according to local media.

In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.