Deals

The first phase of the park is scheduled to be completed in the first half of 2023 and will have an annual capacity of 300,000 tons of aluminum die-casting.

Some of the lithium mines will start shipping next month and are expected to be available for use in BYD's batteries in the third quarter, according to local media.

BMW plans to use round cells in models based on the Neue Klasse electric vehicle platform to be released in 2025, which is expected to bring down costs by 30 percent.

CATL will supply Solaris' buses with lithium iron phosphate batteries using CTP (cell to pack) technology.

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

This is the first lithium supply contract BYD has secured after its strategic stake in Shenzhen Chengxin, which is expected to give it a more stable supply of raw material.

Arun Plus and CATL will supply battery products to Horizon Plus, the former's joint venture with Foxconn, and other EV brands.

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

Xpeng's cash and cash equivalents, restricted cash, short-term deposits, short-term investments and long-term deposits reached RMB 43.5 billion by the end of last year.

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.