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Export value of Chinese lithium-ion batteries surges by 73.2%
Great Power Energy and Technology (鹏辉能源), a leading Chinese supplier of energy storage batteries, is to build a new storage battery production base in Qingdao of eastern China's Shandong Province.
Dingsheng New Materials, a Chinese aluminum materials processor, won a deal to supply South Korean battery giant SK On with 32,400 tons of the aluminum foil used in new energy vehicle (NEV) batteries.
GEM teams up with partners to build second nickel plant in Indonesia
Chinese patent applications related to electric vehicle charging and battery swapping accounted for more than any other country from 2010 to 2022, totaling 41,011, said a Nikkei Asia report on May 4.
China’s Eve Energy gains after saying it secures land in Hungary to build battery plant
Chinese company BYD has surpassed South Korean firm LG Energy Solution and ranked second with a market share of 16.2% in the first quarter of 2023.
China’s export of electric vehicles, lithium batteries, and solar cells reached RMB264.69 billion yuan ($38 billion) in the first quarter of 2023, a year-on-year increase of 66.9%.
China took the lead as the world's largest installer of energy storage batteries in 2022, with a total of 5.6 GW newly installed - a 2.3 times increase from 2021.
Huayou Cobalt (华友钴业), a leading Chinese cobalt supplier, plans to build another joint venture factory for ternary cathode materials with local partners in South Korea.