Battery

China should launch a crackdown on the profiteering of some players and stop some companies from hoarding and speculating on raw materials, according to the chairman of Changan.

Following the completion of the financing, WeLion will further accelerate the construction of its production line and increase its R&D investment.

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.