News

Kymco announced today that it has attained the target of 2,000 Ionex battery swapping stations at a construction speed of 2.5 units each day since the announcement of the 3.0 system in early 2022. Kymco will be equipped with new targets and partners in 2023. ...  more

On December 4, Shanghai Pret Composites Co. Ltd. announced that its holding subsidiary Jiangsu Highstar Battery Manufacturing Co. Ltd. will build a new “digitalized” factory for the production of Li-ion and Na-ion batteries. ...  more

Automotive software provider Sonatus announced they have completed a Series B funding (US$75 million) that was led by Foxconn. Sonatus, including the previous Series A funding, has funded more than US$110 million from venture capital companies, strategic partners, and clients. Foxconn commented that it has begun discussing with Sonatus regarding business collaborations on components and solutions for automotive software, as well as cloud services. ...  more

Polysilicon Polysilicon quotations continued to drop this week, where mono-Si compound feedings and mono-Si dense materials were respectively concluded at RMB 280/kg and RMB 275/kg. ...  more

Taiwan Cement Corporation’s energy storage subsidiary NOHA.TCC launched a campaign called “Off-Peak Charging for a Better Planet” at its charging stations, where drivers who charge their electric cars during off-peak hours (10 p.m.–10 a.m.) can get an extra 1-kWh charge for free for every 1-kWh of electricity they use. The campaign aims to mitigate the burden on power grids in Taiwan and help save 10 tons of carbon emissions for Earth. ...  more

Gogoro has once again expanded its overseas territory by working with the largest telecom operator Globe Telecom of the Philippines. The scooters and battery swapping stations will begin pilot runs in Manila starting from 2023, and become a new logistics tool in the country then. ...  more

EV startup Canoo has finally delivered its first vehicle to its buyers, who is the US Army, and there is only one unit only. The Light Tactical Vehicle is a preliminary EV test by the US Army, and may generate additional profits for Canoo in the future to support the startup’s precarious financial reports. ...  more

There has been new progress in gravity storage for Australia. Startup Green Gravity, having partnered up with abandoned mines, now signed with engineering company GHD, and is likely to provide a prolonged period of energy storage for the power grid through moving heavy objects vertically that would capture and release gravitational kinetic energy. ...  more

The simultaneous advancement of onshore and offshore wind power has led to an all-time high in instantaneous wind power generation, for which TPC commented had exceeded 1GW for the first time on November 23rd, before arriving at 1.173GW on the 30th, which is an increase of more than 50% compared to the maximum instantaneous power generation last year at 0.7679GW. ...  more