News

Ganfeng Lithium Increases Its Stake in an Oversea Mining Company so as to Facilitate Development of a Lithium Mine in Mali

published: 2023-06-06 9:30

Ganfeng Lithium announced on May 29 that it and its subsidiaries have agreed to purchase shares issued by Leo Lithium at AUD 0.81 per share. Ganfeng will acquire enough shares for a 9.9% stake in Leo Lithium. The value of this transaction is set to reach AUD 106.11 million (CNY 491 million). ... more

Huayou Cobalt Completes New Lithium Salt Project in Guangxi

published: 2023-06-06 9:30

On May 31, Huayou Cobalt’s wholly-own subsidiary Guangxi Huayou Lithium held a ceremony to mark the completion of a lithium salt project that has production capacity of 50,000 tons per year. The project is the Huayou Cobalt’s first business operation for manufacturing lithium salts in China. Following this event, the project will be undergoing pilot production and equipment calibration. ... more

Chinese EVs Go Global: Western and Japanese Automakers Face Pricing Challenge

published: 2023-06-05 9:30

Chinese EV manufacturers, after a period of considerable growth and consolidation in their home market, are now setting their sights globally. Their key advantage? Affordability. ... more

Major Chinese Battery Separator Manufacturer Semcorp Expands with a New Factory in Europe Amid High Demand

published: 2023-06-05 9:30

Semcorp, a leading Chinese battery separator manufacturer, has its eyes set on global expansion, overcoming hurdles to secure its foothold in the American and European market. ... more

Youngy Group to Build Li-Ion Battery Plant in Inner Mongolia

published: 2023-06-02 9:30

Youngy Group announced in late May that it has signed a letter of intent with the government of Wuhai. According to the letter, Youngy Group will set up a local base for the manufacturing of Li-ion battery cells and packs. ... more

Signs of Nuclear Revival? Vogtle Set to Become the Largest Power Plant in the US upon Completion

published: 2023-06-02 9:30

The Vogtle nuclear power plant—seven years behind schedule and a staggering US$14 billion over budget—is finally nearing completion. Once Units 3 and 4 are finished, Vogtle will become the largest power plant in the US, generating a capacity large enough to power one million households. ... more

California Amps up Energy Storage and Hydroelectric Power, Diminishing the Threat of Summer Blackouts

published: 2023-06-01 9:30

After last year’s devastating heat wave sent California’s power consumption soaring to near-record levels, the state’s power grid buckled under the strain. ... more

Battero Receives Major Order for LFP Cells from AI-BESS

published: 2023-06-01 9:30

Battero Tech and AI-BESS Technology signed a cooperative framework agreement on May 25. AI-BESS is a provider of renewable energy solutions and specializes in new kinds of battery energy storage systems and emission-free power generation systems. The company has a wide range of offerings that cover portable equipment, industrial settings, commercial venues, homes, and utility. It also develops customized solutions for clients from different regions of the world. ... more

Electrolyte Supplier F&let Begins Pilot Production at Its New Base in Anhui

published: 2023-06-01 9:30

Chinese electrolyte supplier F&let said that the phase 1 of its new manufacturing base in Anhui has passed an inspection by relevant experts. Therefore, the phase 1 will be entering the pilot production phase. The phase 1 comprises a production capacity of 150,000 tons per year. ... more

TBEA Said Its Total Polysilicon Production Capacity Will Reach 300,000 Tons per Year by End of 2023

published: 2023-05-31 9:30

In a meeting with investors via the virtual platform on May 23, Chinese polysilicon supplier TBEA said its holding subsidiary operating in Inner Mongolia has completed a new production line with a production capacity of 100,000 tons per year for high-purity polysilicon. ... more

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