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automotive battery

Pride Power batteries order to fuel China EV sales

Mon, 03/26/2018 - 20:27 -- Xuan Zhong
Pride Power batteries order to fuel China EV sales

Chinese Li-battery pack supplier Pride Power has won a fresh order from domestic automaker BAIC BJEV to deliver CNY1.87 billion ($295.5 million) worth of automotive batteries over the next three months.

The order for 38,000 automotive battery packs strengthens ties between the companies— and comes as China accelerates production of electric vehicles, including under partnerships with foreign players.

 

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Pride Power batteries order to fuel China EV sales

Mon, 03/26/2018 - 20:24 -- Xuan Zhong
Pride Power batteries order to fuel China EV sales

Chinese Li-battery pack supplier Pride Power has won a fresh order from domestic automaker BAIC BJEV to deliver CNY1.87 billion ($295.5 million) worth of automotive batteries over the next three months.

The order for 38,000 automotive battery packs strengthens ties between the companies— and comes as China accelerates production of electric vehicles, including under partnerships with foreign players.

 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Chinese LiFePO4 firm signs recycling deal

Wed, 01/17/2018 - 10:08 -- Xuan Zhong
Chinese LiFePO4 firm signs recycling deal

Chinese telecoms infrastructure firm China Tower is to give a new lease of life to used batteries from Shenzhen-based LiFePO4 battery maker OptimumNano under a deal between the companies.

OptimumNano, which produces LiFePO4 batteries for a range of applications include electric vehicles, telecoms and energy storage systems, said the agreement would see it supply cascades of batteries to be “regenerated” in a variety of applications by China Tower.

 

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Amara Raja deals “mitigate” impact of new lead price rises

Tue, 11/21/2017 - 14:00 -- News Editor
Amara Raja deals “mitigate” impact of new lead price rises

The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.

S Vijayanad said while LME prices had seen “close to 25% growth” over the past year, the industrial and automotive battery maker expects to see lead prices “in the range of $2,400 to $2,500 per metric ton” by next spring.

 

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Warning of overcapacity in China

Mon, 08/07/2017 - 10:12 -- News Editor
Warning of overcapacity in China

China’s automotive battery manufacturers face “a saturated market” in the next couple years, according to the China Daily newspaper.

“The Chinese power battery sector entered overcapacity status in 2016, and will be more excessive in 2018 or 2019,” said Zhang Junyi, partner of Nio Capital, an investment firm with links to electric vehicle company NextEV.

 

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