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Germany coughs up cash to host CATL gigafactory

Mon, 07/16/2018 - 12:39 -- Xuan Zhong
Germany coughs up cash to host CATL gigafactory

Germany is dipping into an economic aid fund to support the construction of a battery cells factory in the country by Chinese lithium giant Contemporary Amperex Technology (CATL), BEST Battery Briefing can reveal.

CATL confirmed last week it would invest €240 million (US$280m) to build the electric vehicle (EV) battery plant at Erfurt, in the east-central state of Thüringen.

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‘Irrational Trump will hurt US’ with battery tariffs plan— China

Mon, 07/16/2018 - 12:31 -- John Shepherd
‘Irrational Trump will hurt US’ with battery tariffs plan— China

Lead-acid batteries and lithium raw materials have been dragged into the now highly-charged trade tariffs bust-up between the US and China.

President Donald Trump has ordered that “lead-acid batteries of any kind” be included in a new list of $200 billion worth of Chinese imports subject to tariffs of 10%. 

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Chinese firm invests in South Korea battery recycling partnership

Wed, 07/11/2018 - 14:02 -- Xuan Zhong
Chinese firm invests in South Korea battery recycling partnership

A Chinese company is building a lithium-ion battery recycling joint venture in South Korea— in response to China’s ban on solid waste imports, BEST Battery Briefing can reveal.

China’s Anhua Taisen Recycling Technology said its decision to launch the project, in partnership with South Korean e-waste recycler NH Recytech, was driven by China’s decision last year to halt imports of more than 20 types of solid waste.

 

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Nissan battery unit sale off as Chinese ‘fail to raise funds'

Tue, 07/10/2018 - 12:07 -- Xuan Zhong
Nissan battery unit sale off as Chinese ‘fail to raise funds'

Nissan has called off the sale of its batteries business to Chinese private equity firm GSR Capital, saying the buyer failed to raise the cash required.

A number of Chinese firms including lithium manufacturer Zhejiang Unifull Industrial Fibreand lead-acid battery maker Camel had said they would join GSR in the reported $1 billion acquisition of Nissan subsidiary Automotive Energy Supply Corp and manufacturing operations in Japan, the UK and US.

 

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BMW batteries deal with CAT short-circuits EU

Tue, 07/10/2018 - 12:06 -- Xuan Zhong
BMW batteries deal with CAT short-circuits EU

BMW has placed a “billion euro” order for electric vehicle batteries from China— because the firm ‘can’t wait’ for Europe to build a battery cells industry, according to its chairman.

Harald Krüger’s (pictured) announcement of a deal with Chinese lithium battery giant Contemporary Amperex Technology (CATL) is the clearest signal yet that Germany could break ranks with the EU over plans to create a European Batteries Alliance to compete with Asia. 

 

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BYD builds giga dream with ‘world’s largest’ auto battery plant

Mon, 07/02/2018 - 12:19 -- Xuan Zhong
BYD builds giga dream with ‘world’s largest’ auto battery plant

China’s BYD has opened the “world’s biggest auto batteries plant”— as part of a reported multi-billion dollar investment to expand its domestic battery-making capacity to 60 gigawatt-hours within three years.

BYD— which stands for ‘build your dreams’— said the six-square-kilometre plant in Qinghai Province— “equivalent in size to around 140 football pitches”— will itself have a 24GWh production capacity when it ramps up to full capacity next year.

 

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Chile competition probe into China lithium deal

Thu, 06/28/2018 - 17:07 -- Xuan Zhong
Chile competition probe into China lithium deal

Competition chiefs in Chile have launched a probe into a deal that would see China’s Tianqi Lithium become a key shareholder of the world’s second largest producer of lithium.

Tianqi confirmed last month it had agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien— in a move to strengthen Chinese influence on the battery raw materials market.

 

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Camel to expand lead recycling

Thu, 06/21/2018 - 09:40 -- Xuan Zhong
Camel to expand lead recycling

Chinese battery maker the Camel Group has announced plans to boost investment in lead-acid recycling over the next three years.

The company said in a Shanghai Stock Exchange announcement it is set to spend CNY1.5 billion ($234 million) on building three recycling and production sites— one in the eastern Anhui Province and the others in the northeast and southwest of the country.

 

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Musk confirms Tesla Gigafactory plans for China and Europe

Mon, 06/11/2018 - 12:00 -- John Shepherd
Musk confirms Tesla Gigafactory plans for China and Europe

Tesla has given the green light to launch its first Gigafactory for batteries production outside the US in China, company chief Elon Musk has confirmed.

The new Shanghai plant confirms a pledge by Musk to one day set up business at the heart of Asia’s booming batteries sector.

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China urged to ‘scrap substandard secondary lead plants’

Wed, 06/06/2018 - 11:16 -- John Shepherd
China urged to ‘scrap substandard secondary lead plants’

Authorities in China are being urged to shut down “substandard” secondary lead production facilities as part of moves to boost the recycling of lead-acid batteries.

China’s lead consumption largely depends on the use of secondary lead, the chairman of the China Industrial Alliance of Renewable Energy, Li Shilong, told the Shanghai Metals Market Lead Zinc Summit in Guangxi Province.

 

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