Battery

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.

Gotion will supply power cell products to Geely New Energy Commercial Vehicle Group from 2022 to 2024, with an estimated total of 126,000 units.

The last two years of global battery cathode material industry capacity planning shows that the expansion scale and speed of LFP materials will far exceed that of ternary materials.

LFP batteries lead ternary batteries in China for the ninth consecutive month.

BYD beat Panasonic to third place with 11.9 percent market share in January-February, while the latter ranked fourth with 10.8 percent share.

A Chinese team has recently made key advances in the study of high-voltage electrolyte systems that are expected to allow lithium-ion batteries to achieve higher energy densities.