Lithium Battery

Ganfeng Will Develop Project for Battery Manufacturing and R&D in Hubei in Order to Accelerate Its Expansion

published: 2023-05-31 9:30
Major Chinese lithium supplier Ganfeng Lithium announced in May that its subsidiary Ganfeng LiEnergy Technology has signed an agreement with the government of Xiangyang for the development of a project related to battery manufacturing and R&D. Xiangyang is a city located in China’s Hubei Province. The total investment in this project is estimated around RMB 2.5 billion. ...  more

CYG Commences Construction on New LFP Cathode Project in Jiangxi

published: 2023-05-29 9:30
In May, an event was held to the market initiation and completion of several industrial manufacturing projects located in the National Nangchang Xiaolan Economic and Technological Development Zone. Among these projects are an LFP cathode project that is being developed by KingLi Techology (KTC), a holding subsidiary of Changyuan Technology Group (CYG). Nanchang is the capital of China’s Jiangxi Province. ...  more

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