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China’s battery recycling market has been gaining attention from industry leaders such as CATL, as evidenced by the recent launch of “Lithium ++”
China's power battery installed capacity in vehicles reached 21.9GWh in February, up by 60.4% year-on-year and 36.0% month-on-month, said a report from China Automotive Battery Innovation Alliance (CABIA) on March 10.
The global EV battery installation increases 18.1% to 33 GWh in January
The prices of lithium carbonate, the main raw material for power batteries, have declined sharply amid a price war led by Chinese battery giant CATL, reported Yicai Global on March 6.
Lopal (龙蟠科技) will invest $290 million to build a lithium iron phosphate factory in Indonesia.
Chinese EV battery suppliers are accelerating the pace of overseas expansion
German carmaker Opel has won an infringement case at the Regional Court Düsseldorf after Japanese company MU Ionic accused the company's supplier CATL of infringing a patent with its battery technology.
Chinese battery giant CATL has accepted the cooperation invitation from Ford and will provide its battery factory in Michigan with preparation and operation services and technology licensing.
The amount of energy held by batteries for electric vehicles (EV, PHEV, HEV) registered worldwide in 2022 was 517.9GWh, a 71.8% YoY increase, and the Chinese makers including CATL and BYD have boasted an explosive growth.
Chinese battery maker CATL announced that its subsidiary Brunp Recycling (邦普循环) would invest RMB23.8 billion ($3.51 billion) in an integrated new materials industrial recycling project in Foshan.