News

Ganfeng Will Invest Another RMB 30 Billion in Yichun, Asia’s Lithium Capital

published: 2022-10-13 9:30
Major Chinese lithium supplier Ganfeng Lithium maintains an aggressive pace in its investment activities. On September 28, it disclosed that it has signed a new strategic cooperation agreement with the government of Yichun for the joint development of a project that encompasses lithium resources, Li-ion battery materials, new types of Li-ion batteries, and products for various energy storage applications. Ganfeng signed this agreement just after it had announced a capital injection of more than RMB 6 billion into GFL International and Jiangxi Lingneng Lithium Industry. Yichun is a city in China’s Jiangxi Province. ...  more

Construction Begins for SAIC and Tsingshan Group’s Joint Power Battery Project in Guangxi

published: 2022-10-13 9:30
On October 10, a joint venture of SAIC and Tsingshan Group held a ceremony to celebrate the commencement of the construction of a base for the manufacturing of NEV power battery systems. Located in the New Energy Industrial Park of the Liudong New Area, the base entails an investment of RMB 10 billion and is set to have a production capacity of 20GWh per year. Liudong New Area is part of Liuzhou, a prefecture-level city in China’s Guangxi Province. ...  more

Rongke Power Constructed Largest VRB Plant in the World at 100MW

published: 2022-10-12 9:30
Flow batteries are long in lifespan, and convenient in assembly and expansion, while also capable of storing 1-20 hours of batteries. Chinese vanadium redox battery (VRB) supplier Rongke Power has now constructed the largest VRB energy storage plant in Liaoning, which is scheduled to commence operation starting from October. ...  more

Japan Returns to Nuclear Power, Mitsubishi Heavy Industries Announces Development of Next-Gen "Advanced Light Water Reactor"

published: 2022-10-12 9:30
After the 2011 Tohoku earthquake and tsumami, the Japanese government changed its energy policy and planned to develop safer nuclear reactors. To this end, Mitsubishi Heavy Industries announced that it will jointly develop a new nuclear reactor (SRZ-1200) called an "advanced light water reactor" with four Japanese power companies. It is currently expected to be completed and constructed in mid-2030. ...  more