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Shanghai

Health group Evergrande prescribes move into batteries

Thu, 02/07/2019 - 11:34 -- Hugh Finzel

The Evergrande Health Industry Group is to reportedly pay CNY1.06 billion (US$156m) to to secure a majority stake in Shanghai-based automotive battery maker Shanghai CENAT New Energy.

According to Reuters, Evergrande will receive 58.07% of Shanghai CENAT from electrical instruments maker Shenzhen Clou Electronics, in exchange for the funds.

Shanghai CENAT, founded 2010, is a Sino-Japanese joint venture that manufactures lithium-ion batteries used in plug-in hybrid electric vehicles (PHEVs), and pure electric vehicles. The company has production plants in Guangxi, Jiangsu, and Jiangxi, in addition to Shanghai.

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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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BYD powers up BESS presence in UK

Thu, 05/31/2018 - 16:16 -- Xuan Zhong
BYD powers up BESS presence in UK

China’s BYD is to supply its lithium-ion battery tech for a new 25-megawatt energy storage project for a local authority in the UK.

BYD— which has already made inroads into the UK’s BESS market— has been selected to provide the China-made battery system for the project by South Somerset District Council.

 

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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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