Articles Tagged with "Farasis Energy"

Farasis Energy forms cooperation with India’s Ingar on power battery business
Farasis Energy forms cooperation with India’s Ingar on power battery business

Farasis Energy also signed a strategic cooperation agreement with India's Ingar for cooperation in the power battery field, aiming to advance the electrification of passenger cars and two-wheelers in Southeast Asia and South Asia.

May 16 , 2024
Farasis Energy announces strategic realignment of investment projects
Farasis Energy announces strategic realignment of investment projects

Farasis Energy announced its decision to terminate the "High-Performance Power Lithium Battery Project" initially earmarked for its 2021 annual private placement initiative.

Aug. 10 , 2023
Farasis Energy plans to build 30GWh power battery production base in Guangzhou
Farasis Energy plans to build 30GWh power battery production base in Guangzhou

Farasis Energy (GanZhou) Co., Ltd. announced on Jan. 30 it intends to sign an agreement with the Administration Committee of Guangzhou Economic and Technological Development Zone for a new power battery manufacturing project.

Jan. 30 , 2023
CATL, Farasis Energy confirm battery price rise due to hike in raw materials prices
CATL, Farasis Energy confirm battery price rise due to hike in raw materials prices

Chinese main power battery suppliers, CATL and Farasis Energy, recently confirmed their adjustment on battery prices due to the hike in raw materials prices.

Mar. 21 , 2022
Farasis Energy says revenue in 2021 surges YoY, but net loss widened
Farasis Energy says revenue in 2021 surges YoY, but net loss widened

Chinese power battery maker Farasis Energy (Ganzhou) Co., Ltd. (“Farasis Energy”) announced today its full-year revenue in 2021 surged 203.97% year on year to around 3.403 billion yuan ($538.71 million).

Feb. 28 , 2022
Farasis Energy’s 2021 net loss forecasted to widen to 1.1 billion yuan
Farasis Energy’s 2021 net loss forecasted to widen to 1.1 billion yuan

Farasis Energy (GanZhou) Co., Ltd. forecasted on Jan. 29 a net loss of 800 million yuan ($125.76 million) to 1.1 billion yuan ($173 million) attributable to shareholders for the year of 2021.

Jan. 29 , 2022