Lithium Battery

Cathode Supplier Yuneng’s 2022 Revenue Reached Nearly RMB 42.8 Billion, of Which CATL and BYD Accounted for Over 80%

published: 2023-04-24 9:30
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

First Anode Project in Naning Is Set to Operate Near End of 2023 and Have Production Capacity of 100,000 Tons per Year

published: 2023-04-17 9:30
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

Ganfeng Lithium Plans to Invest in Projects for Manufacturing Battery Materials and Li-Ion Batteries in Inner Mongolia

published: 2023-04-10 9:30
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