Global EV battery usage increased by 71.8% from 2021 to 2022, according to South Korea-based SNE Research. BYD reached the same battery installation level as LG Energy Solution last...
China-based BYD has surpassed South Korea-based LG Energy Solution (LGES) to become the globally second-largest maker of power batteries used in electric vehicles (EVs) and PHEVs...
China-based battery giant CATL signed a comprehensive strategic agreement with EV maker Nio on January 17. The pair aims to work together on new brands and overseas expansion with...
Driven by growing market demand for SiC components for EV applications, China's SIC semiconductor specialist Inventchip Technology has recently completed its Pre-B round of financing,...
The year 2022 did not go easy on the automotive industry. Most companies saw their market capitalization shrink due to worldwide inflation, chip shortages and other supply chain disruptions...
While China-based automaker Cheri Automobile has won investment from Contemporary Amperex Technology (CATL), the largest China-based lithium battery maker, for a 3.73% stake, Cheri's...
The world's largest battery maker is poised to gain more traction in Europe. CATL just announced that it had started serial production of lithium-ion battery cells this month in Thuringia,...
Huawei Device, Huawei Technologies' subsidiary focusing on smartphones, PCs, notebooks and tablets, has signed an MoU with Contemporary Amperex Technology (CATL), the largest China-based...
Honda Motor received a supply boost in China. The automaker and CATL announced an agreement to offer the former 123GWh of batteries in China starting in 2024. The purchase will facilitate...
Asian EV battery companies dominate the market, with China-based manufacturers leading the pack. According to SNE Research, almost all Chinese battery makers that enjoyed the highest...
Battery makers have fired on all cylinders with expansion this year to meet the surging demand from EV manufacturers. Looking ahead to 2023, major Asian battery companies will keep...
There have been market rumors about a Korean lithium battery maker planning to work together with a Chinese maker to complement each other's technical advantages even before the US...
Some China-based suppliers of energy storage systems and solutions reportedly have stopped taking new orders since late September due to serious shortages of batteries needed to power...
China's top-3 power battery makers Contemporary Amperex Technology (CATL), Ganfeng Lithium Group and EVE Energy have been aggressively proceeding with capacity expansions, with their...
Contemporary Amperex Technology (CATL) expects its net income to surge to as much as CNY9.8 billion (US$1.4 billion) in the third quarter as the biggest maker of electric vehicle...
