Contemporary Amperex Technology (CATL)
Chinese lithium giant Contemporary Amperex Technology (CATL) has revealed it is set to pour a total of up to €1.8 billion (US$2.1bn) of cash into its planned electric vehicle (EV) battery plant in Germany.
CATL said the proposed investment included €240 million already pledged for the project at Erfurt, in the east-central state of Thüringen.
Chinese and Korean battery makers have signed deals to secure the “multi-billon-dollar” long-term supply of electric vehicle batteries for Swedish car firm Volvo.
Volvo said today the agreements with Contemporary Amperex Technology (CATL) and LG Chem would ensure supplies of lithium-ion batteries over the coming decade for its next-generation Volvo and Polestar models.
US-based battery manufacturer Powin Energy will deliver a 10MW/10MWh energy storage system (ESS) to GlidePath Power Solutions for a distributed energy storage project in Electric Reliability Council Of Texas (ERCOT) territory.
The ESS will use lithium iron phosphate batteries arranged in Powin’s Stack battery architecture, which has been deployed in “the largest battery storage project in Canada, and the largest microgrid storage project in Mexico.”
The system will also utilise Powin’s bp-OS (battery pack operating system), “which offers a common battery management system and energy management system for platform control, regardless of which cell sub-supplier Powin chooses”.
US-based battery storage firm Powin has secured a 1.85GWh supply pipeline of lithium-iron-phosphate (LFP) cells from Chinese battery maker Contemporary Amperex Technology Limited (CATL).
CATL will supply the cells into 2022 for Powin’s Stack modular battery energy storage systems, which are utilised in various utility scale, commercial, and industrial battery energy storage systems— “including the largest batteries in both Canada and Mexico”.
Chinese lithium battery giant Contemporary Amperex Technology (CATL) has signed an electric vehicle battery supply deal with Honda of Japan.
CATL has guaranteed to supply “about 56 gigawatt-hours” of lithium-ion batteries to the car company before 2027.
The Chinese firm will also open an office in the first half of 2019 in Utsunomiya, on Japan’s main Honshu island— which is home to the Honda R&D Company.
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.