Chinese news outlets reported that Chinese renewable energy firm MYSE has entered an agreement to construct a plant that is capable of producing 5GW of HJT cells annually in Yancheng, a city in Jiangsu Province. ...  more

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

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

Ahead of COP26 in November, various countries around the world are now competing to demonstrate their determination to reduce carbon emissions. ...  more

News agencies and energy news websites reported on October 7 that Japan’s petroleum refiner Eneos has offered US$1.8 billion (200 billion yen) to acquire Japan Renewable Energy from its owners Goldman Sachs and Singaporean sovereign wealth fund GIC. According to Nikkei, this is the first major renewable energy deal that Eneos is pursuing and an indication that the refiner is making a strategic shift away from its traditional fossil fuel businesses. ...  more

China is an industrial power house that mostly relies on coal-fired power generation, and is the largest country in the world in terms of carbon dioxide emission. ...  more