Battery

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.

Through several years of technological upgrades, the price of batteries has come down a lot. But the price of raw materials has risen, making years of hard work all in vain, the official said.

With battery costs rising sharply but vehicle prices rising at a limited rate, Niu needs to find ways to reduce costs, its CEO said.

Ganfeng's Chongqing-based project will have 10 GWh of battery capacity and 10 GWh of pack capacity when completed.

Gotion's GDRs will be officially listed on the SIX Swiss Exchange on July 28 Zurich time.

The cells have an energy density of 350-400 Wh/kg and has now successfully passed tests including pin prick and 200°C hot box tests, Svolt Energy said.

Tianqi Lithium attributed the big increase in its first-half results to the significant growth in sales volume and selling price of its lithium products.

Lithea's main asset, the PPG project, is a lithium salt lake project in Argentina that includes two lithium salt lake assets.

The all-solid-state battery cells show excellent cycling performance, with 71 percent capacity retention even after 20,000 cycles.

CATL gained more share in June, as its major customers saw their output further return to normal.