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German-Chinese JV on lithium-ion technology

Tue, 12/05/2017 - 11:23 -- News Editor
Germany-Chinese JV on lithium-ion technology

The German enterprise ElringKlinger (EK) has signed a framework agreement on a joint venture (JV) for lithium-ion battery technology with Sichuan Chengfei Integration Technology Co Ltd (CITC) from China.

The JV will focus on the development, production, and distribution of lithium-ion battery modules for the global automotive market in Asia, Europe, and the United States.

 

 

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FDG unveils new China Gigafactory plans

Wed, 11/29/2017 - 12:43 -- Xuan Zhong

Hong Kong-listed FDG Electric Vehicles Limited has confirmed plans to build a new battery Gigafactory and separate EV production facility in China’s Sichuan Province.

FDG said the battery plant, which is slated to have a total annual production capacity of 4GWh, would be built in phases— so production can begin as soon as the first phase with a “modest” 1GWh annual capacity is complete.

 

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China chemicals player seeks CNY1.7bn for EV battery projects

Wed, 11/29/2017 - 12:41 -- Xuan Zhong
China chemicals player seeks CNY1.7bn for EV battery projects

Chinese firm Do-Fluoride Chemicals Co., Ltd plans to raise around CNY1.7 billion ($258 million) to produce materials for automotive lithium batteries and battery pack manufacturing.

The company will raise the capital through a private placement, according to brokerage firm Everbright Securities Company Limited, a subsidiary of the country’s Everbright Group, which is handling the placement.

 

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Toyota-Suzuki map out Li battery plans for India

Thu, 11/23/2017 - 10:21 -- Xuan Zhong
Toyota-Suzuki map out Li battery plans for India

Japanese auto giants Toyota and Suzuki have agreed the next steps to launching a range of electric vehicles in India by “around 2020” using locally made lithium-ion batteries.

Toyota said on 17 November the firms had concluded a memorandum of understanding (MOU) on moving forward with the project.

 

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CATL plans $1.98bn IPO for domestic battery sites

Mon, 11/20/2017 - 10:32 -- Xuan Zhong
CATL plans $1.98bn IPO for domestic battery sites

Chinese lithium battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a CNY13.12 billion ($1.98bn) initial public offering to expand its automotive battery business.

CATL said in a Shenzhen Stock Exchange announcement the move will ensure the firm keeps pace with the rapidly-expanding electric vehicle and energy storage markets.

 

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China firm to build Giga silicon battery plants

Thu, 11/16/2017 - 10:33 -- Xuan Zhong
China firm to build Giga silicon battery plants

A Chinese renewables firm has unveiled plans to build two crystalline silicon battery-manufacturing plants in the country with a total investment of CNY12 billion ($1.8bn).

Tongwei Solar (Hefei) Co., Ltd., said one of the plants will be located in the Hefei High-Tech Industrialised Zone, in central China's Anhui Province and the other in Chengdu’s Xihanggang Economic Development Zone, in the southwestern Sichuan Province.

 

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GS Yuasa production boost marks centenary

Thu, 11/16/2017 - 10:27 -- Xuan Zhong
GS Yuasa production boost marks centenary

Japan-based lead-acid battery manufacturer GS Yuasa has told investors it is on track to expand production in at least three other countries as it marks 100 years of operations.

GS Yuasa said new production facilities will come on line in Turkey, China and India in 2018— and the group plans to make inroads into the lucrative electric vehicles (EV) battery market.

 

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Hubei to host China’s “largest flow battery”

Wed, 11/08/2017 - 09:50 -- Xuan Zhong
Hubei to host China’s “largest flow battery”

Beijing-based energy storage firm Pu Neng has been awarded a contract to provide what it said will be “China’s largest flow battery” as part of a pilot energy storage project.

A 3MW/12MWh vanadium flow battery will be installed in a 10MW/40MWh at the battery demonstration facility as the first phase of integration with a photovoltaic system to supply the grid in Zaoyang, Hubei Province.

 

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China-owned SF Motors acquires US battery start up

Tue, 10/31/2017 - 09:39 -- Xuan Zhong
China-owned SF Motors acquires US battery start up

Silicon Valley-based electric vehicle (EV) maker, SF Motors, has acquired US EV battery module start-up InEVit— headed by former Tesla CEO Martin Eberhard.

Under the terms of the deal, the financial details of which were not disclosed, Eberhard will move from his post of chairman and chief technical officer at InEVit to become vice-chairman and chief innovation officer of SF Motors— founded last year as a subsidiary of China’s Chongqing Sokon Industry Group Co., Ltd.

 

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Australian miner eyes China with lithium mine plan

Thu, 10/26/2017 - 10:45 -- News Editor
Australian miner eyes China with lithium mine plan

Australian mining firm Core Exploration Limited has applied for a licence to develop one of the country’s highest-grade lithium deposits, as part of plans to make inroads into the Chinese battery materials market.

Core said on 19 October it plans to develop its 100%-owned Grants deposit near Darwin, in the Northern Territory, which contains an estimated 1.8 million tonnes of high-grade spodumene— a key mineral in the manufacture of lithium-ion batteries.

 

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