Fluctuating supply and demand within China's lithium-ion battery industrial chain has attracted widespread attention recently. Production capacity now far exceeds demand, and some entities in the sector are seemingly pursuing blind expansion and hoarding.
Liu Jincheng, the chairman of leading Chinese battery firm EVE Energy, predicted that there will be overcapacity across the whole battery chain in 2024 at the latest, and only battery products with high quality and low cost will be spared.
In response to the rumor that "Chinese battery factories plan to reduce production because the price of lithium carbonate exceeds 600,000 yuan ($85,156)/ton", Chinese battery maker EVE Energy said that it is currently operating as per usual.
On November 10, China Automotive Power Battery Industry Innovation Alliance released its monthly data for batteries in October this year. In the past month, China's battery output totaled 62.8 GWh, up 150.1% year-on-year.
Chinese battery manufacturer CALB announced on November 3 that it has signed a memorandum of understanding with a subsidiary of the Portuguese Agency for Investment and Foreign Trade.
Sunwoda, a leading Chinese battery company, announced on November 6 that its subsidiary Sunwoda Electric Vehicle Battery (Sunwoda EVB) will serve as a mass production supplier of battery pack systems for Volkswagen AG's HEV project.
The European power battery market is becoming much more important. Many Chinese power battery manufacturers including CATL and BYD also set their sights on the market.
South Korean energy market research institution SNE Research on October 6 released its latest data on the global installed battery capacity of electric vehicles. CATL continued to dominate the list with cumulative installed capacity reaching 102.2 GWh, exceeding the 96.7 GWh achieved last year.
China's leading battery company CATL announced on September 28 that it will build a battery production base in Luoyang, Henan Province with a maximum investment of 14 billion yuan ($1.95 billion).
Sichuan-based mining and manufacturing firm Tianqi Lithium released two announcements on September 21 aimed at boosting its stock price and market value.
On September 21, CATL-FAW Power Battery Co., Ltd., a subsidiary of leading Chinese battery firm CATL, held a ceremony during which it acknowledged "the second anniversary of production and annual output value exceeding 10 billion yuan ($1.41 billion)."
On the evening of September 19, Chinese battery manufacturer Hangke Technology, which is currently listed on Shanghai's Science and Technology Innovation Board, announced that it plans to issue global depository receipts (GDRs) on the SIX Swiss Exchange.
Many Chinese battery firms have recently announced their construction of new overseas factories. In September, CATL and SVOLT revealed that they would build their second overseas battery factory in Europe.
Chinese power battery giant CATL has announced plans to hold a launch event for vehicles equipped with its Kirin battery on August 27.
The revenue of leading Chinese battery firm CATL maintained rapid growth in the first half of the year, despite the high price of upstream raw materials.
Chinese battery giant CATL and FAW Jiefang, the commercial vehicle division of FAW Group, formed a joint venture on August 18 aimed at exploring the new energy commercial vehicle market.
CATL's factory in Yibin, Sichuan Province, stopped production due to power brownouts, and the duration of power brownouts rationing lasted from August 15 to August 20.
On August 12, CATL, a Chinese power battery giant, approved a proposal on investing in the construction of a new energy battery plant in Hungary. The plant will be CATL's second in Europe, in addition to its German plant.
Chinese battery giant CATL will supply Tesla with M3P batteries in Q4 of this year, which will be installed in Model Y models with 72-degree battery packs. This version of the Model Y will be launched early next year.
South Korean firm SNE Research released its global rankings on August 2 of power battery companies by installed capacity during the first half of 2022, showing CATL, LG Energy Solution and BYD in the top three spots.