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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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CATL snaps up Canadian lithium firm

Mon, 03/19/2018 - 11:17 -- John Shepherd
CATL snaps up Canadian lithium firm

China’s CATL has reportedly bought a 90% controlling stake in a Canadian lithium firm— to shore up supplies of the key raw material for its expanding global battery business.

Contemporary Amperex Technology (CATL) acquired 36.6 million shares of North American Lithium from Jilin Jien Nickel Industry, according to the China Daily.

 

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German-Chinese joint venture for hybrid batteries

Mon, 03/12/2018 - 13:13 -- Xuan Zhong
German-Chinese joint venture for hybrid batteries

German automotive manufacturer Continental has confirmed plans to launch a battery production joint venture with China’s Sichuan Chengfei Integration Technology (CITC).

Continental said the partnership is expected to start producing 48-volt mild hybrid lithium-ion battery systems in China, by the middle of this year, targeting the European, North American and Asian electric vehicle markets.

 

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Li-developer Tesson building 4GWh battery HQ in China

Mon, 03/12/2018 - 13:06 -- Xuan Zhong
Li-developer Tesson building 4GWh battery HQ in China

China’s lithium-ion automotive battery developer Tesson New Energy has started construction of a 4GWh battery assembly facility in the eastern city of Nanjing.

Tesson, a subsidiary of Hong Kong-listed Tesson Holdings, said it plans to invest more than CNY5 billion ($790 million) in building the facility in the city’s Lishui district— that will be its headquarters for operations, production and R&D.

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Chinese lead-acid player ‘eyes Asian expansion’

Mon, 03/12/2018 - 12:50 -- Xuan Zhong
Chinese lead-acid player ‘eyes Asian expansion’

Chinese lead-acid battery manufacturer Tianneng has reportedly set its sights on expanding production capacity to another country in southern or southeast Asia— while stepping up domestic capacity by 20% this year to meet electric vehicle demand.

According to Reuters, the company wants to capitalise on increasing demand for batteries to power electric scooters and cars in the region. Tianneng is considering setting up a plant “with an annual production capacity of at least 100,000 tonnes” in countries such as Vietnam, Thailand, Malaysia, Pakistan and Bangladesh, according to the news agency.

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