News

Yunneng Plans to Invest RMB 8 Billion in Phase 2 of Its Yunnan Base so as to Manufacture New Products

published: 2023-05-08 9:30

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself. ... more

Tianqi Lithium Is Reportedly Considering Buying Stake in Smart Automobile

published: 2023-05-08 9:30

News agency Bloomberg reported on May 4 that Tianqi Lithium is considering spending as much as USD 200 million to acquire a stake in Smart Automobile, a joint venture of Mercedes-Benz and Geely. ... more

Vena Energy Officially Activates Largest PV Island in Taiwan at 272MW

published: 2023-05-08 9:30

Vena Energy has finished the construction of its new Xinxing Power Plant regarded as the “largest PV island in Taiwan”, which has an installed capacity of 272MW, and generates 400 million kWh of power each year, making it the single largest power site in Taiwan. The Xinxing Power Plant will generate 1kWh of every 25kWh green electricity in Taiwan after official activation, and will become a robust support for Taiwan’s energy transformation. ... more

Official Package is Here; Tesla Model S Plaid Now Attains Maximum Speed at 322km/h

published: 2023-05-05 9:30

Tesla has announced a track package for Model S Plaid that finally allows this fastest production vehicle on earth to fully exert its performance, and extricate from its maximum speed at “merely” 262km/h. ... more

Sunwoda Posted RMB 52.162 Billion in Revenue for 2022 and Turned to Loss in 1Q23

published: 2023-05-05 9:30

On April 27, Sunwoda released its financial reports for 2022 and 1Q23. Regarding its performance for 2022, Sunwoda posted RMB 52.162 billion in realized revenue, showing a YoY increase of 39.63%. Its net profit attributable to the shareholders of the listed companies came to a total of RMB 1.064 billion, reflecting a YoY growth of 16.17%. ... more

LONGi Posted RMB 3.636 Billion in Net Profit for 1Q23 and Aims to Ship 85GW of PV Modules for 2023

published: 2023-05-05 9:30

On April 27, LONGi Green Energy Technology released its reports for 2022 and 1Q23. According to these reports, LONGi posted RMB 128.998 billion in operating income for 2022, representing a YoY growth of 60.03%. ... more

Runda Commences Construction on 10GW TOPCon Cell Project in Jiangsu

published: 2023-05-05 9:30

On April 23, government officials and company representatives in Jianhu County, which is within the Chinese city of Yancheng, held a ceremony to mark the development of several local manufacturing projects. ... more

Bosch Acquires TSI Semiconductors, Targets SiC Chip Production by 2026

published: 2023-05-05 9:30

Bosch, the German automotive chip giant, is set to acquire TSI semiconductors in response to growing demand from the EV market, international media reports. Although the acquisition amount remains undisclosed, Bosch has emphasized that the actual amount will depend on subsidies from US chip legislation. ... more

SVOLT Plans to Build Five Plants in Europe for Manufacturing EV Power Batteries

published: 2023-05-05 9:30

Chinese suppliers for Li-ion EV power batteries have been stepping up efforts to expand their manufacturing operations outside Mainland China. ... more

Ford Mustang Mach-E Follows Up with Tesla’s Price Drop amidst Upgrade in Production Lines and Improved Driving Range

published: 2023-05-04 9:30

Traditional automotive manufacturers have finally responded after Tesla’s repeated price drops over nearly 6 months. Ford announced another preorder for its electric SUV Mustang Mach-E that comes with an improved driving range, also with a price drop of US$3,000. ... more

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