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.
A new entity called NIO Battery Technology (Anhui) Co., Ltd. was established on October 21, with NIO founder William Li serving as chairman and with registered capital of 2 billion ($273 million). The company is 100% controlled by EV firm NIO.
Chinese battery giant CATL disclosed its third-quarter financial report on October 21, showing its revenue reaching 97.4 billion yuan ($13.4 million) in the third quarter and 210.34 billion yuan ($29 million) in the first three quarters.
BMW and Envision AESC, a battery tech firm under Envision Group, reached a long-term cooperation agreement. Under the deal, Envision AESC will provide its next generation of lithium-ion batteries for BMW's new vehicle models from 2026.
Xiaomi Auto's factory is expected to obtain an automobile production qualification from June to July 2023, a big move for the company's mass-production plans.
Chinese battery giant CATL announced on October 18 that it has reached an agreement with Primergy Solar LLC, a US-based distributed photovoltaics and energy storage operator, to exclusively supply batteries for its Gemini project.
A previously announced patent for a car chassis with adjustable lengths owned by Chinese battery giant CATL is related to cell-to-chassis (CTC) technology for electric vehicles, and is planned to be implemented before 2025.
A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.
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.
Chinese battery manufacturer CALB, which was recently listed on the Hong Kong Stock Exchange, announced on October 8 that the first batch of products from a project worth 24.8 billion yuan ($3.49 billion) in Hefei, Anhui Province, have rolled off the production line.
China Aviation Lithium Battery Co., Ltd. (CALB) officially listed on the main board of the Hong Kong Stock Exchange under the symbol of "3931" on October 6, becoming the first battery company listed on the exchange.
With the development of the new energy vehicle market, the number of listed enterprises with operations in the lithium industry is increasing. As a global battery leader, CATL has supported the public listing targets of its own raw material suppliers.
A subsidiary of Chinese leading battery maker CATL has planned a new lithium salt project that could house as much as 110,000 tons in Longyan City, Fujian Province.
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).
Leading Chinese battery firm CATL held an event regarding trial production of the Brunp Recycling Project and the commencement of a new phase in the CATL-BRUNP Integrated New Energy Industrial Park, which has total investment of 32 billion yuan ($4.42 billion).
An investment roadmap released on September 27 by Chinese battery company EVE Energy, which has a market value of over 170 billion yuan ($23 billion), has offered further insight into the potential of the lithium industry.
On September 23, Chinese auto maker and Huawei's vehicle manufacturing partner Seres said on an investor interaction platform that it is working with CATL on the new M3P battery.
China's leading battery maker CATL announced on September 22 that it has agreed with FlexGen, a US-based energy storage technology company, to supply it with 10GWh of EnerC containerized liquid-cooling battery systems over the course of three years.
Chinese automotive giant SAIC Motor announced on September 22 that it has jointly established a battery swapping firm alongside Sinopec, PetroChina, CATL and Shanghai International Automobile City.
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)."