Battery maker Eve Energy to build new 30GWh project
Chinese lithium battery maker Eve Energy plans to invest in a new 30GWh per year power battery project in Jingmen City, Hubei Province, the company said in an announcement Wednesday.
Chinese EV battery maker CALB starts construction of new $1.55 billion project
The project, located in central China's Hubei province, is a 20 GWh capacity production site with an investment of RMB 5 billion in the first phase.
EV battery maker Svolt closes new round of $1.59 billion financing
Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).
China's lithium-ion battery output exceeded 110 GWh in H1, up over 60% from a year earlier
The total output value of the lithium-ion battery industry in the first half of the year exceeded RMB 240 billion ($37.1 billion), and total exports were RMB 74.3 billion, an increase of nearly 70 percent year-over-year.
Analysts expect lithium prices to rise to previous record high this year
Lithium carbonate prices are expected to reach RMB 180,000 ($27,733) per ton in the second half of the year, the previous record high, said analysts.
China's new LFP projects in H1 exceed $6 billion in combined investment
For comparison, China shipped 124,000 tons of LFP cathode materials in 2020, up 41 percent year-over-year, with market size of about RMB 4.5 billion.
LFP batteries recovering lost ground in passenger car market
It is worth noting that about 74.42 percent of the installed capacity of lithium iron phosphate batteries came from the passenger car market, at 16.76 GWh.
Power battery maker Eve Energy to spend $380 million to add new production lines
Chinese power battery maker Eve Energy plans to spend RMB 2.45 billion ($380 million) on new production lines, according to an announcement made by the company on Thursday.
Chinese power battery supplier Svolt announces mass production of its cobalt-free batteries
As the price of cobalt continues to rise, power battery makers around the world are trying to get rid of the metal. Now, a Chinese company has done just that.
Power battery maker Eve Energy looks to gain greater say in upstream raw material supply
As China's power battery industry chain sees an intensive expansion period, Eve Energy hopes to extend its business to upstream raw materials by acquiring equity stakes.