- CATL, SAIC Motor’s JV UABC has 16GWh cell production lines under construction
United Auto Battery Corp. United Auto Battery Co., Ltd. (UABC) has reached an annual battery cell production capacity of 26GWh and has begun building the second phase of 16GWh cell manufacturing lines...
Dec. 13 , 2021
- GWM-backed battery maker SVOLT bags 6 billion yuan in B+ funding round
SVOLT, a GWM (Great Wall Motor)-linked Chinese power battery maker, has secured 6 billion yuan ($942.11 million) in a B+ funding round, the company announced a few days ago via its WeChat account.
Dec. 13 , 2021
- GWM-backed battery maker SVOLT to raise annual capacity to 600GWh by 2025
SVOLT, a Chinese power battery manufacturer carved out of GWM, is ambitious to accomplish an annual power battery capacity goal of 600GWh by 2025, the company said on Dec. 8, significantly rising from...
Dec. 09 , 2021
- Geely Technology to build 12GWh power battery base in Chongqing
Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding), plans to build a 12GWh power battery manufacturing plant in Fuling district, Chongqing city.
Nov. 29 , 2021
- CATL shrinks amount of capital to be raised
CATL announced on Monday it has changed the amount of the capital it wishes to fetch from specified investors to 45 billion yuan ($7.051 billion) from the previously expected 58.2 billion.
Nov. 16 , 2021
- Sunwoda, Wuling Industrial attempt to build JV for NEV power battery system
Wuling Industrial has entered into an MoU with Sunwoda EV Battery for a possible investment and establishment of a joint venture dedicated to manufacturing power battery system products for new energy...
Nov. 11 , 2021
- CATL contributes to 50.7% of China’s Jan.-Oct. installed battery capacity
In October 2021, China's power battery outputs reached 25.1GWh, surging 191.6% year on year, while also growing 8.4% month on month, according to China Automotive Power Battery Industry Innovation All...
Nov. 11 , 2021
- China’s Ganfeng Lithium secures 3-year lithium supply contract with Tesla
Ganfeng Lithium and its wholly-owned subsidiary GFL International Co.,Ltd. have inked a contract to supply Tesla Inc. and Tesla (Shanghai) Co.,Ltd. with battery-grade lithium products.
Nov. 02 , 2021
