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SK Innovation to expand battery production in China

South Korea’s SK Innovation (SKI) is to build a second battery manufacturing plant in China in response to increasing global demand from the electric vehicle sector.

CEO Kim Jun (pictured) said the company intends to invest 579.9 billion Korean won (US$488 million) in the lithium-ion batteries project, which will be a joint venture with the Beijing Automobile Works Company— a subsidiary of the state-owned BAIC Group.

SK Innovation

china

lithium-ion batteries

Kim Jun

Beijing Automobile Works Company

BAIC

Chinese lithium recycler in NEV lithium link-up with BAIC

Chinese lithium battery recycler GEM has teamed up with domestic state-owned carmaker BAIC to establish a used batteries collection and recycling operation.

The move is the latest response to Chinese government guidelines to ensure the prompt recycling of batteries from the country’s fast-developing new energy vehicle (NEV) market.

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.

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.

Daimler-BAIC to build Beijing battery and car plant as Geely takes Daimler stake

German auto giant Daimler is investing in a second battery and car production plant in Beijing with its Chinese state-owned automobile partner BAIC.

Daimler told BBB the companies would jointly invest more than CNY11.9 billion ($1.9bn) in the new facility at their Beijing Benz Automotive (BBAC) joint venture making lithium-ion batteries and “high-quality premium vehicles” for Daimler’s Mercedes-Benz brand.

lithium-ion batteries

Li Shufu

Geely

acquisition

Daimler-BAIC invest in Beijing batteries plant

A new manufacturing plant for “premium e-batteries” and electric vehicles is to be built in Beijing by Germany’s Daimler and its Chinese joint venture (JV) partner BAIC.

Daimler and BAIC intend to jointly invest a total of CNY5 billion ($736.6 million) in the production of Daimler’s Mercedes-Benz brand battery electric vehicles (BEVs) at the plant, which will be operated by the firms’ Beijing Benz Automotive Co., Ltd., (BBAC) JV.

daimler

Mercedes-Benz

battery electric vehicles

china

BAIC

Beijing Benz Automotive Co.

Ltd