Battery

The battery has 13 percent to 25 percent higher energy density than conventional lithium-ion batteries, and can be fully charged in 20 minutes.

The partnership will help accelerate the further commercialization of semi-solid-state batteries and solid-state batteries, WeLion said in a statement today.

A month ago, CATL also acquired exploration rights in Yifeng county, Jiangxi province, where Gotion was awarded the rights.

The project has a planned capacity of 12 GWh, with a construction cycle of about 24 months, and is expected to start trial production by the end of 2023.

Eve Energy plans to invest RMB 3 billion ($444 million) in a 10 GWh power battery project in Yunnan.

The first phase of CALB's Wuhan base was signed on May 31 last year, with a planned capacity of 20 GWh, and the main plant was topped out in March.

An Argentine state-owned company will provide Gotion with prospecting and mining rights to explore a potential lithium resource of about 17,000 hectares.

The move is based on the company's confidence in its future growth prospects and to further establish a sound long-term incentive mechanism, Gotion said.

The project, located in Chengdu, Sichuan province, will include a 50 GWh per year power and energy storage battery production site, as well as a local research institute.

WeLion has signed an agreement with Ronbay Technology to purchase no less than 30,000 tons of solid-state lithium battery cathode material products from the latter from 2022-2025.