Category Archives: Lithium Battery

Redstar Plans to Raise CNY 580 Million to Add Production Capacity for Manganese(II) Sulfate

published: 2022-11-16 9:30 | editor | category: News
As the Chinese industry for Li-ion NEV power batteries continues to grow, the demand for high-purity manganese(II) sulfate is also expected to rise significantly over the next few years. In view of the positive market outlook for manganese-related products, many Chinese chemical and material companies have hastened to expand related manufacturing capacity. ...  more

Shenghong Group to Invest RMB 20 Billion in 50GWh Energy Storage Battery Base in Suzhou

published: 2022-11-14 9:30 | editor | category: News
The market for energy storage technologies have been expanding rapidly in scale during recent years. Hence, many battery suppliers including CATL, CALB, and Sunwoda have been aggressively building up production capacity for energy storage batteries and energy storage systems. The boom of the market has also attracted companies operating in other sectors, and they have made massive investments in order to establish themselves as new but strong entrants. ...  more

Anshan to Invest RMB 1 Billion in Lithium Carbonate Project in Jiangxi

published: 2022-11-14 9:30 | editor | category: News
Lithium carbonate is an essential upstream material for the production of Li-ion batteries, and its price has repeatedly climbed to a new high in the recent period owing to the boom in the NEV market. Within the market for lithium carbonate, suppliers are accelerating the pace of their capacity expansion activities in order to meet the growing demand. ...  more

SK On to Purchase 230,000 Tons of Lithium from Lake Resources

published: 2022-11-03 9:30 | editor | category: News
The boom in the Li-ion battery market has caused supply to tighten for metals such as lithium, cobalt, and nickel. Hence, the major suppliers for NEV power batteries have been in a fierce competition over sources of related metal ores. On October 12, South Korea’s SK On, which is among the global leading suppliers for NEV power batteries, announced that it has signed an investment and procurement agreement with Australia’s Lake Resources, which develops and operates lithium mining projects. ...  more

EVE Will Invest CNY 10 Billion in Battery Manufacturing Base in Shenyang

published: 2022-10-20 9:30 | editor | category: News
Major Chinese battery supplier EVE continues to undertake huge capacity expansion and investment projects. On September, it released three separate announcements revealing that it has injected capital into BTR, acquired a stake in Rifu Lithium Industry, and signed agreements to build a manufacturing base in Shenyang. ...  more