Great Power, a Chinese battery supplier, announced on March 20 that it plans to raise RMB 3.4 billion to build a base for manufacturing energy storage batteries. According to the latest related information that EnergyTrend has received, the China Securities Regulatory Commission (CSRC) has approved Great Power’s application to launch a private placement that will raise the fund for the development of the base. ...  more

Various news agencies reported on March 20 that Chinese battery supplier Gotion Hi-Tech has signed a strategic cooperation agreement with Edison Power, a Japanese provider of energy storage solutions. ...  more

icon, illustration. Flat design style Hi-Tech Spring, a Chinese supplier for electrolytes used in Li-ion batteries, announced on March 22 that it will be launching an IPO in the second-board market. The company also released its prospectus on the same day. ...  more

Guizhou Anda Energy Technology formally initiated its application for share subscription and IPO on March 13. The company intends to be listed on the Beijing Stock Exchange. Anda will issue shares at a price of RMB 13 per share. The P/E ratio will reach 34.44. ...  more

Taiwan’s first Li-ion (lithium-ion) Battery Industry Association was established on March 10, which will assist in consolidating upstream, midstream, and downstream operations and creating a circular economy within the industry. Taiwan has spent years developing its Li-ion battery industry, amassing technical skills, manufacturing expertise, and a complete supply chain. ...  more

From electric supercars to commercial automotive and battery energy storage systems, XING Mobility not only showcased its IMMERSIO Cooling Battery today (14th), but also announced an expansion of its overseas markets by offering patented batteries of mobile high-voltage charging piles for Nordic Booster at 2MWh, which is equivalent to the monthly power consumption of more than 100 households. ...  more

PTL announced in February that its board members had approved the plan to spin off the company’s subsidiary KATOP and have it listed in a domestic stock exchange. In order for KATOP to become a separate limited holding company, PTL will also undergo a shareholding restructuring. ...  more

On March 7, Vision Group announced in a public notice that the company plans to sign a project investment agreement for a 5GWh Li-ion battery production line with the government of Jingshan. The total fixed asset investment of the project will come to around 1.05 billion yuan, the majority of which will be allocated to the setup of the production line. Jingshan is a county-level city in China’s Hubei Province. ...  more

Discarded EV batteries are still functional as li-ion batteries are advantageous in low discharge rate, long life cycle, as well as high energy density in energy storage efficiency. Both EVs and large energy storage equipment are highly dependent on li-ion batteries. ...  more

The demand for batteries has been rising alongside trends of energy transformation and net-zero emission, where major materials contained within batteries, including lithium, nickel, cobalt, and graphite, are becoming increasingly scarce and exorbitant, which is why the recycling of batteries has become an emphasis for the future. ...  more