Lithium Battery

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

Chinese printing company DFP announced on January 30 that its holding subsidiary Bosheng Advanced Materials will be setting up a base in the Loudi Economic and Technological Development Zone for the development and manufacturing of materials used in Li-ion batteries that are equipped in EVs and energy storage systems. ...  more

Gotion Hi-Tech announced on February 7 that it has signed a memorandum of understanding with InoBat to co-develop a battery plant. Together, both parties also plan to cooperate in areas such as product R&D and manufacturing processes. InoBat is a European battery manufacturer. ...  more

Battero Tech and Sinotek New Energy held a conference on February 3 to discuss joint opportunities across the Li-Ion battery industry chain. Topics that they covered include fundraising activities, material procurements, battery cell supply, energy storage solutions, and integrated manufacturing. At the conclusion of the event, both parties signed a strategic cooperation agreement and a framework agreement for the procurement of 3GWh of battery cells in 2023. ...  more

CANMAX announced on January 29 that a lithium hydroxide plant being developed by its subsidiary in Sichuan has entered the pilot production phase. The main pieces of equipment have been installed and calibrated. The production capacity of the plant is 60,000 tons per year for battery-grade lithium hydroxide. ...  more

JSMC announced in early February that it will be raising its production of lithium carbonate. Therefore, it will set up a lithium carbonate project in Gao’an, a county-level city under the administration of the prefecture-level city of Yichun in China’s Jiangxi Province. The annual production capacity of the project is set at 30,000 tons, and the planned total investment is capped at RMB 650 million. ...  more

On January 18, Chinese battery supplier EVE released several notices concerning its latest capacity expansion projects. All in all, EVE plans to invest RMB 15.5 billion to add 43GWh of production capacity in Jianyang (Sichuan Province) and Qujing (Yunnan Province). These notices were first picked up by other Chinese renewable energy news websites. ...  more

Major Chinese battery supplier EVE announced on January 31 that its subsidiary EVE Power and the administrative committee of Jingmen Hi-Tech Industrial Park signed an agreement for setting up new battery production lines. Under the agreement, EVE will invest around RMB 10.8 billion to set up 60GWh per year of production capacity for Li-ion batteries and other supporting facilities. Of the RMB 10.8 billion, fix assets will account for around RBM 8 billion. JIngmen is a city in China’s Hubei Province. ...  more