Hong Kong-listed Chinese battery manufacturer CALB has filed a lawsuit, suing its competitor CATL for alleged unfair competition by abusing patent rights for malicious rights protection and wanton slander.
Chinese battery giant CATL announced on December 22 that it has reached a long-term agreement with Gresham House Energy Storage Holdings PLC, a specialist alternative asset management group based in London, involving the supply of up to 7.5 GWh in battery energy storage systems (BESS).
Chinese battery giant CATL's factory in Thuringia, Germany, has begun the mass production of lithium-ion battery cells as scheduled, which means that the company now has a local production and supply capacity for its European customers.
Chinese battery giant CATL signed an agreement on December 20 to deepen strategic cooperation with Avatr, an electric vehicle firm headquartered in Chongqing.
Spy photos of the first vehicle model created by a trio of Chinese companies, including automaker Chery, tech giant Huawei and battery maker CATL, have surfaced on the internet.
China's leading battery firm CATL and Shenzhen-based tech giant Huawei signed a new memorandum of cooperation in Ningde, Fujian Province on December 14.
Jean-Marc Chery, president and CEO of STMicroelectronics, and Jerome Roux, president of sales and marketing of STMicroelectronics, started visiting customers in China in November again, demonstrating the company's support for the Chinese market and its commitment to local customers.
Japanese automotive giant Honda Motor announced on December 8 that it will purchase about 123GWh in vehicle batteries from China's CATL from 2024 to 2030. These products will be produced centrally at CATL's Yichun Factory.
REPT, a Chinese electric vehicle battery manufacturer backed by leading nickel and stainless steel producer Tsingshan Holding Group, has submitted an application for an overseas public listing.
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.
Chinese battery maker CALB announced on November 30 that it will immediately stop selling products that infringe on the patent rights of a rival, CATL, and compensate the latter 2.96 million yuan ($417,577).
China's leading battery manufacturer CATL is continuing to increase its reserves of lithium mine resources.
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.
Leading global research platform Hurun Research Institute released its Hurun China Rich List 2022 on November 8. Zhang Yiming, the founder of TikTok's parent company ByteDance, ranked second, and Robin Zeng, the chairman of battery giant CATL, ranked third.
Avatr Technology, a brand co-developed by Changan Automobile, Huawei and CATL, has reached an agreement with Huawei with which the brand's first model, Avatr 11, will be put on display in Huawei's flagship stores in Beijing and Shenzhen later this year.
Chinese battery manufacturer Gotion High-Tech released its latest financial report on October 26, showing operating income of 14.426 billion yuan ($1.99 billion) in the first three quarters of the year. In addition, batteries supplied by the company to Volkswagen will be installed next year.
Robin Zeng, Chairman of Chinese battery giant CATL, said that, unlike oil, lithium battery's main components can be recycled, adding that the development of the lithium battery industry makes the energy mix in China change from relying on resources to manufacturing and recycling.
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.