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Geely, Farasis Energy to set up power battery joint venture
The battery joint venture has a registered capital of 1 billion yuan ($155.6 million), with Geely holding 65 percent and Farasis Energy holding 35 percent of shares.
Eve Energy says reports of talks with Tesla to supply batteries unfounded
EVE Energy is a much smaller player than CATL, a giant with half of China's power battery market share.
Chinese power battery maker Svolt Energy to mass produce first cobalt-free batteries
Svolt Energy, a battery maker owned by Chinese automaker Great Wall Motors, announced that the material of cobalt-free cathode, the core material required for cobalt-free batteries, began to be produced in volume at its Changzhou materials plant.