News

Electric Vehicle Charger Aims for 15% Market Share, Delta Showcases Complete EV Infrastructure

published: 2023-04-28 9:30

Delta Electronics has been operating in the electric vehicle (EV) field for 15 years and their business in EVs is now thriving. The company combined transportation and infrastructure for the first time at 2035 E-Mobility Taiwan, integrating key components and power systems for both four-wheel and two-wheel EVs and creating comprehensive EV charging infrastructure solutions. ... more

Suzhou MedicalSystem Begins Equipment Installation at Its New Smart Factory for Manufacturing TOPCon Cells

published: 2023-04-28 9:30

On April 15, Suzhou MedicalSystem Technology announced that it had begun installing equipment at its new smart factory for PV cells in Mianyang, a city in China’s Sichuan Province. The investment for the factory amounts to RMB 10.2 billion. The equipment being installed is intended for manufacturing N-type TOPCon cells, indicating the company’s chosen technology path. Once all the necessary equipment is deployed, the factory will begin production. This announcement was first picked up by other Chinese news outlets. ... more

CATL Posted Massive YoY Growth of 558% in Net Profit for 1Q23 and Took in Around RMB 100 Million Every Day for Same Period

published: 2023-04-28 9:30

Suppliers for Li-ion batteries have begun to release their 1Q23 earnings reports starting in the middle of April, and many of the major suppliers have posted impressive results. ... more

Jolywood and Baida Seiko to Jointly Invest in 13.5GW TOPCon Cell Project

published: 2023-04-27 9:30

Jolywood, a major Chinese PV product manufacturer, announced on April 17 that it, along with its subsidiary Zhongtai Jolywood, signed a cooperation agreement with Baida Seiko and its subsidiary Jiangxi Baida. ... more

Tesla Prices Drop Back to Levels from Two Years Ago, Ford’s Electric Pickup Increases US$20,000

published: 2023-04-27 9:30

Traditional automakers are facing increasing cost pressures while observing Tesla's declining prices in the electric vehicle market. Meanwhile, EV competitors are not only failing to follow suit, but are raising prices themselves, leading to a shift in the competitive landscape in the EV segment. ... more

Envision AESC Signs Agreement to Develop Phase 2 of Ordos Battery Project

published: 2023-04-27 9:30

Chinese battery supplier Envision AESC formally signed the agreement with the governments of Ordos and Yijinhuoluo County for the development of the phase 2 of its Ordos battery project. The signing ceremony was held in Shanghai on April 14. ... more

Shangji to Invest in New Plant for Manufacturing PV Modules

published: 2023-04-26 9:30

Shangji Automation recently announced its plan to build a new plant for manufacturing PV modules in the economic development zone of Jiangyin, a county-level city administered by Wuxi in China's Jiangsu Province. ... 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

Ørsted Partners with TCC for Onshore Substation Contract

published: 2023-04-26 9:30

Ørsted announced on the 27th that it has signed a contract with Taiwan Cogeneration Corporation (TCC) to construct a 920 MW onshore substation for the second phase of the Greater Changhua South West and North West offshore wind farms. ... more

GCL-Poly to Abandon Pricey US Expansion Plans

published: 2023-04-26 9:30

Bloomberg reports, “US policies are attractive, but not attractive enough.” GCL-Poly Energy Holdings, the world’s second-largest manufacturer of polysilicon, is considering opening its first overseas factory. However, it may abandon plans to build a factory in the United States due to high costs. ... more