Battery

Tianqi Lithium's listing could take place as soon as mid-2022 and could raise $1 billion to $2 billion, according to Bloomberg.

Gotion will work with Volkswagen China to build the next generation of world-leading batteries, the company said.

This is SK Innovation's fourth battery plant in China and its first wholly-owned battery plant there.

For the full year 2021, LFP batteries accounted for 51.7 percent of all battery installations, higher than the 48.1 percent for ternary batteries.

CALB is the third largest EV battery maker in China, with a market share behind CATL and BYD.

The plant has a planned annual capacity of 22.3 GWh and is expected to be fully operational by the first half of 2023.

Farasis Energy has sent samples of its first-generation semi-solid-state battery with an energy density of 330Wh/kg to Mercedes-Benz, which will start testing prototype batteries soon.

Gotion will secure the number of batteries required by the customer, which expects to purchase no less than 200 GWh in total, from 2023-2028.

The newest entrant from China thinks it could take up nearly a third of the global market over the next five or six years.

The number of shares held by Volkswagen China in Gotion has increased to 441 million shares, raising its stake to 26.47 percent.