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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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Camel in China battery plant talks with Croatian start-up Rimac

Mon, 03/26/2018 - 20:06 -- John Shepherd
Camel in China battery plant talks with Croatian start-up Rimac

Croatian EV batteries start-up Rimac Automobil is set to race into the battery manufacturing fast lane in a multi-million-dollar deal with Camel, one of China’s leading lead-acid firms, BBB has confirmed.

A spokesperson for Zagreb-based Rimac told BBB negotiations are under way but declined to give details.

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Sweden to be nexus of EU-Asia battery future?

Mon, 03/26/2018 - 19:59 -- Xuan Zhong
Sweden to be nexus of EU-Asia battery future?

Chinese private capital firm GSR Capital is ramping up its ambitions to become a key player in European EV battery production with plans for a manufacturing plant in Sweden.

GSR is to build the battery facility at Trollhättan, 75km north of Gothenburg, on land adjacent to Swedish electric vehicle producer NEVS— in which GSR will also invest $500 million.

 

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China’s Camel invests in Li-battery recycling pilot

Mon, 03/19/2018 - 11:55 -- Xuan Zhong
China’s Camel invests in Li-battery recycling pilot

Chinese lead-acid battery giant Camel is to build a pilot lithium-ion battery recycling and anode material production plant in Central China.

Camel said plans for the CNY5 billion ($791 million) facility is part of a “framework agreement”, signed with Hubei Province’s Gucheng County government, to create an industrial park for recycling and “cascade utilisation” of used lithium-ion batteries from electric vehicles, as well as the regeneration of battery materials.

 

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China battery recycler GEM signs Glencore cobalt supply deal

Mon, 03/19/2018 - 11:42 -- Xuan Zhong
China battery recycler GEM signs Glencore cobalt supply deal

Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.

GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.

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Panasonic ships first Li-on batteries from China

Mon, 03/19/2018 - 11:25 -- John Shepherd
Panasonic ships first Li-on batteries from China

Japan’s Panasonic has shipped its first prismatic automotive lithium-ion batteries from a new factory in Dalian, China.

Panasonic said the move followed the start of “mass production” at the site— which was formally opened last year— with consignments of batteries being shipped to Chinese and North American customers.

 

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