Lithium-ion batteries have become ubiquitous and are an industry leader when it comes to batteries, but nonetheless, battery technology continues to evolve. ...  more

Hunan Yuneng New Energy, a Chinese supplier for cathode materials, posted an impressive financial results for 2022 mainly due to the strengthening of its business ties with domestic battery giants CATL and BYD. On April 12, Yuneng released its first annual report since its listing and stated that the company’s realized revenue for 2022 came to RMB 42.79 billion, reflecting a massive YoY increase of 505.44%. Yuneng’s net profit for 2022 came to RMB 3.007 billion, reflecting a YoY increase of 153.96%. ...  more

The rising demand for EV power batteries has led to a corresponding increase in the demand for cathode materials used in Li-ion batteries. Cathode represents a fairly large share of the total manufacturing cost of a battery, coming around 40%. ...  more

Local Chinese media have reported that CYFJ, a Chinese supplier for materials used in Li-ion batteries, is currently building a plant for the manufacturing of high-performance anode materials in the Liujing Industrial Park of Naning. The plant is designed to have a production capacity of 100,000 tons per year and expected to enter operation near the end of 2023. Naning is the capital of China’s Guangxi Zhuang Autonomous Region. ...  more

CATL announced its third-generation CTP (cell-to-pack) battery Qilin (Kirin) on June 23, 2022. Since then, the latest progress in the development of this solution for powering EVs has received widespread attention from the market. ...  more

On March 27, Ganfeng Lithium announced in a press releases that it has signed a strategic cooperation framework agreement with the administrative committee of the Xilingol League in China’s Inner Mongolia. According to the agreement, both parties will leverage their respective advantages in resources, capital, technologies, and management capability to jointly develop a local industry chain for Li-ion batteries. ...  more

Suppliers for separators used in Li-ion batteries have kept expanding production capacity as the market for Li-ion batteries is enjoying a boom. One such leading supplier in China is Senior Material. The company has recently made a significant stride with respect to the development of its manufacturing projects. ...  more

Among the major types of cathode materials used in Na-ion batteries, Prussian blue (white) compounds have the advantages of high capacity, high C-rate, and low cost. Hence, suppliers for Na-ion batteries have been actively developing their capabilities to manufacture or obtain Prussian blue (white) compounds. ...  more

On November 2, 2022, Chinese battery supplier CALB signed a memorandum of cooperation with the Portuguese government. According to memorandum, CALB will build a major manufacturing base in Portugal as part of its expansion in Europe. Recently, new and concrete progress has been made in the implementation of this project. ...  more

Guizhou Anda Energy Technology, which is regarded as a major technology company of national importance in China, was formally listed on the Beijing Stock Exchange on March 23. With a stock code of 830809, Anda issued 50 million shares with the price of RMB 13 per share at its IPO. In the end, the company raised around RMB 650 million at its IPO. ...  more