Battery News
Gotion expects H1 profit to rise as much as 209.69% to $28 million
Gotion's earnings preview implies it will post a net profit of RMB 7,439 to RMB 124.4 million in the second quarter, a year-on-year increase of 129.46 percent to 283.68 percent.
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EVs with all-solid-state batteries expected to be in mass production by 2030, doubling range from today, TrendForce says
By then, the energy density of lithium batteries could reach 500 Wh/kg, providing EVs with two to three times the range of liquid lithium batteries and tying the range of fuel vehi
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China Jun EV battery installations: CATL share expands to 45.13%, BYD falls to 27.38%
BYD topped the LFP battery market with a 39.61 percent share, but lower than its 45.30 percent share in May.
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Svolt Energy begins construction of battery pack assembly facility in Thailand
The plant will have two production lines for assembling battery modules and packs, with construction expected to be completed by the end of 2023.
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Global EV battery market share in Jan-May: CATL 36.3%, BYD 16.1%
CATL's battery installed base grew 59.6 percent year-on-year in January-May, while BYD's grew 107.8 percent year-on-year, according to SNE Research.
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BYD to build sodium-ion battery production base in Xuzhou
BYD will set up a joint venture with a local conglomerate to build a sodium-ion battery production base in Xuzhou, Jiangsu province.
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Eve Energy to invest up to $1.4 billion in Hungary battery plant
Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.
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China EV battery installations in May: BYD extends lead in LFP market
CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.
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Power battery industry faces serious overcapacity in China, says Changan chairman
China will need 1,000-1,200 GWh of power battery capacity by 2025, but the industry is already planning for 4,800 GWh of capacity, according to Changan's chairman.
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GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes
The Phoenix battery will be in mass production next year and is expected to be used in production vehicles by the end of next year, Greater Bay said.
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