EV
CALB inks agreement to launch battery capacity expansion project in Wuhan base
CALB inks agreement to launch battery capacity expansion project in Wuhan base

On May 11, Chinese power battery maker CALB Co., Ltd. (“CALB”) penned an agreement with local authority of Wuhan Economic & Technological Development Zone for a battery production capacity expansion project.

May 12 , 2022
China adds about 707,000 charging piles in Jan.-Apr. 2022, up 383.6% YoY
China adds about 707,000 charging piles in Jan.-Apr. 2022, up 383.6% YoY

For the first four months of 2022, around 707,000 charging piles (+383.6% YoY) were newly built in China, including 185,000 public piles (+204.6% YoY) and 522,000 private ones (+511.1% YoY).

May 12 , 2022
China’s Tinci Material to build new facilities for lithium battery electrolyte production
China’s Tinci Material to build new facilities for lithium battery electrolyte production

Guangzhou Tinci Materials Technology Co., Ltd. announced on May 6 it intends to use its self-raised funds to build facilities capable of manufacturing lithium battery electrolyte and recycling LFP batteries.

May 7 , 2022
SAIC Motor sets up wholly-owned energy technology subsidiary
SAIC Motor sets up wholly-owned energy technology subsidiary

SAIC Motor recently set up an energy technology subsidiary, whose business scope includes the sales of new energy vehicle (NEV) battery swapping facilities.

May 6 , 2022
SAIC-backed IM Motors plans for first public funding round
SAIC-backed IM Motors plans for first public funding round

The first public financing round of IM Motors, an electric vehicle joint venture among SAIC Motor, Alibaba Group and Zhangjiang Hi-Tech, has already been in the works, Liu Tao, co-CEO of IM Motors, recently revealed to a local media outlet.

May 6 , 2022