News

BMW announced on October 6 that its VC arm BMW i Ventures has joined a group of strategic investors in the US$150 million Series B funding round for startup Lilac Solutions. ...  more

Chinese battery chemical supplier GEM announced on October 10 that it has signed a new MOU with South Korean cathode material supplier ECOPRO BM. ...  more

Korea IT News reported that LG Energy Solution will commence the mass production of EV batteries for GM’s first heavy electric truck this October. The initial shipments of these batteries will come from LG’s battery plant in South Korea. Next year, the manufacturing of LG’s batteries for GM’s EVs will be handled by Ultium Cells, a US-based joint venture of the two companies. Currently, LG and GM are jointly building two battery plants in the US, one in Tennessee and one in Ohio. According to Korea IT News, LG will be activating its production line dedicated to the manufacturing of the batteries for GM’s vehicles at the start of this fourth quarter. ...  more

Ford’s electric SUV Mustang Mach-E has now officially entered China. The company announced today that new vehicles will be assembled at the Chongqing plant, and Changan Ford expects to deliver the shipment to clients at the end of this year. ...  more

JinkoSolar (Jinko), one of the world’s leading suppliers for PV modules, formally begins the construction of its new production plant in China’s Anhui Province on October 19. ...  more

As foreign media reported, China is now relentlessly establishing gigantic renewable power plants, the scale of which equals all of the wind and solar power in India with a capacity of around 100 GW. ...  more

Recently, power restrictions in China have affected various industries to different extents around the country. As Chinese media reported, the power crunch has also imposed heavy burden on the electric vehicle (EV) industry. ...  more

According to the coverage of Bloomberg News, the price of lithium, a critical element in the batteries of electric vehicles, has been constantly surging recently, but analysts believe that the relevant transaction rush for this material will not deteriorate accordingly, despite record-breaking prices. ...  more

The head of energy research at Goldman Sachs pointed out that the oil prices may remain at a higher level for the next several years due to the persistently constrained supply, despite rebounded demand. ...  more