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FDG ‘starts work’ on first phase of China batteries and EV project

Mon, 04/16/2018 - 10:45 -- Xuan Zhong
FDG ‘starts work’ on first phase of China batteries and EV project

Hong Kong-listed FDG Electric Vehicles has reportedly started the first-phase of construction of its EVs and batteries production facilities in Jianyang, in China’s Sichuan Province, according to the state Xinhua News Agency.

The total investment in the first phase of the project is CNY4 billion ($636 million), Xinhua said.

 

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Narada books 30% sales rise on back of batteries, recycling

Mon, 04/16/2018 - 10:35 -- John Shepherd
Narada books 30% sales rise on back of batteries, recycling

Chinese battery maker Narada Power has posted a 30% sales rise for 2017— which boosted net by profit by 16% over the previous year.

Narada said total revenue for the year was CNY8.63 billion ($1.37bn) and net profit increased to CNY381 million.

 

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Huayou partners with LG Chem as China-South Korea ‘battery wars’ thaw continues

Mon, 04/16/2018 - 10:19 -- Xuan Zhong
Huayou partners with LG Chem as China-South Korea ‘battery wars’ thaw continues

Another Chinese-South Korea investment deal has been done to produce lithium battery materials in China— in the latest sign of a thaw in economic tensions between the countries.

Chinese mining company Zhejiang Huayou Cobalt said its subsidiary, Huayou New Energy Technology, has signed a deal with South Korea’s LG Chem to launch two new joint venture companies at a total investment of some $645.6 million.

 

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Report says China ‘well ahead’ of Europe on battery recycling— urges EU to learn from lead-acid industry

Mon, 04/16/2018 - 10:16 -- John Shepherd
Report says China ‘well ahead’ of Europe on battery recycling— urges EU to learn from lead-acid industry

An independent report by Germany’s independent and non-profit Oeko-Institut has urged the European Union that, when it comes to lithium batteries, to follow the example set by the lead-acid industry in recycling batteries to create a “sustainable” system for conserving raw materials and reusing EV batteries for energy storage.

But the report— ‘Ensuring a Sustainable Supply of Raw Materials for Electric Vehicles’— shows EU leaders that China is already “well ahead” in having a “transparent” structure that efficiently regulates the use of materials in the electro-mobility sector, the Institute said.

 

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Bosch ‘starts work on 48V battery facility’ in China

Mon, 04/09/2018 - 12:42 -- John Shepherd
Bosch ‘starts work on 48V battery facility’ in China

German auto-parts maker Bosch has reportedly started work towards launching a 48V battery systems manufacturing operation in eastern China.

The state Xinhua News Agency said construction of workshops and related facilities had already started at a site in Wuxi, Jiangsu Province.

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CATL ‘gets IPO green light’ for battery investments

Mon, 04/09/2018 - 11:22 -- John Shepherd
CATL ‘gets IPO green light’ for battery investments

China’s securities regulator has reportedly approved a planned CNY13.12 billion ($1.98bn) initial public offering by lithium battery giant, Contemporary Amperex Technology (CATL), to expand its automotive battery business.

The China Securities Regulatory Commission (CSRC) gave CATL’s application the green light on 4 April, the state Xinhua News Agency said.

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Chinese cells ‘to power more German EVs’

Tue, 04/03/2018 - 11:45 -- John Shepherd
Chinese cells ‘to power more German EVs’

Mercedes-Benz is reportedly to use battery cells made under its partnership operations in China in some cars made by the firm worldwide.

Dieter Zetsche (pictured), chairman of the German carmaker's parent company Daimler, made the announcement in Beijing, the China Daily reported.

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BYD plans China battery recycling plant

Tue, 04/03/2018 - 11:38 -- John Shepherd
BYD plans China battery recycling plant

Chinese electric vehicle maker BYD has confirmed plans to open a battery recycling plant in Shanghai.

A BYD spokesperson told BBB the plant would go ahead but said a date for the project’s start had yet to be fixed.

 

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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.

 

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