Lithium Battery

Changyuan Lico Plans to Build Cathode Production Base in Fujian

published: 2023-05-23 9:30
On May 17, Changyuan Lico announced that it has signed a letter of intent for investment with the government of Fuqing. According to the letter of intent for investment, Changyuan Lico plans to spend RMB 10 billion to build a base for manufacturing advanced materials that are used in high-performance Li-ion batteries. These products include ternary cathode materials, ternary precursors, and LFP cathode materials. Fuqing is a city in China’s Fujian Province. ...  more

SK On and Westwater Resources to Jointly Develop Anode Materials for Li-Ion EV Power Batteries

published: 2023-05-19 9:30
According to the latest reporting by South Korean news media, SK On, a major South Korean supplier of EV power batteries, announced on May 2 of this year that it has entered into a joint development agreement with Westwater Resources. Under the agreement, they will work together for three years to develop anode materials. Westwater Resources is a graphite supplier in the US. ...  more

Na & Li Technology Has Received Tens of Millions of Yuan from Angel Investors and Put Its Pilot Production Line into Operation

published: 2023-05-16 9:30
Na & Li Technology, a Chinese startup specializing in cathodes for solid-state batteries, announced in late April that it has completed the seed funding round and secured tens of millions of yuan from angel investors. The amount raised from the seed funding round is going to be used to build a pilot production line, procure raw materials, and recruit more talents. The angel investors included Canmax, Soochow Investment, and Casstar. ...  more

Sunwoda Posted RMB 52.162 Billion in Revenue for 2022 and Turned to Loss in 1Q23

published: 2023-05-05 9:30
On April 27, Sunwoda released its financial reports for 2022 and 1Q23. Regarding its performance for 2022, Sunwoda posted RMB 52.162 billion in realized revenue, showing a YoY increase of 39.63%. Its net profit attributable to the shareholders of the listed companies came to a total of RMB 1.064 billion, reflecting a YoY growth of 16.17%. ...  more

Enpack Commences Construction on China’s First Plant for Manufacturing Composite Current Collectors

published: 2023-05-01 9:30
Enpack, a Chinese provider of metal packaging solutions, has commenced construction on a plant for manufacturing composite current collectors (composite foils) used in Li-ion NEV power batteries. The groundbreaking ceremony was held on April 16. The plant is located in Gaoyou, a county-level city in China’s Jiangsu Province. Furthermore, it is the first of its kind in the country. ...  more

KEDA Posted Net Profit of RMB 4.251 Billion for 2022

published: 2023-04-26 9:30
KEDA Industrial Group, a Chinese machinery company, released its annual report for 2022 on April 14. According to the report, the company posted a realized annual revenue of RMB 11.157 billion, showing a YoY growth of 13.89%. ...  more