News

Why Do U.S. Solar Tax Deductions Help Blockchain Development?

published: 2022-10-17 9:30
The United States passed The Inflation Reduction Act in early August, spending $369 billion to support energy transition and combat climate change. While vigorously supporting the development of green energy, it also helps the development of blockchain. ...  more

Thousand KM Hydrogen Truck to be Released in 2025

published: 2022-10-15 9:30
Although hydrogen fuel cells lack incentives for small cars, it still has a future with large trucks. At the 2022 IAA Hannover Exhibition, Mercedes-Benz showcased a hydrogen fuel cell prototype truck, which is expected to be available in 2025. ...  more

Skyworth Auto Inaugurates Its 1.2GWh Battery Production Site in Jiangsu

published: 2022-10-14 9:30
Another Chinese NEV manufacturer has opted to manufacture its own batteries! On October 3, Skyworth Auto held an opening ceremony for its battery subsidiary in the Xuzhou Economic and Technological Development Zone, which is within China’s Jiangsu Province. On that same day, Skyworth’s battery plant also entered operation. ...  more

SVOLT Enters Battery Recycling Market by Forming Joint Venture with CNGR

published: 2022-10-14 9:30
The recent boom in the NEV market has also led to a sharp increase in installations of NEV power batteries. This trend has also raised the concern that after the next few years, China will see a huge quantity of power batteries being decommissioned and discarded. On the other hand, such situation will also provide an enormous opening for businesses and policies related to battery disposal, resource recovery, and environmental protection. ...  more

Foxconn’s EV Model B Debuted with Elegant and Urban Designs

published: 2022-10-14 9:30
Foxconn will be hosting HHTD22 on October 18th. After releasing the video for the EV pickup Model V, the company has released today the teaser for its brand new EV Model B that has a shining red body, which also indicates that both Model V and Model B will be the two spotlights for this year’s HHTD. ...  more

Ganfeng Will Invest Another RMB 30 Billion in Yichun, Asia’s Lithium Capital

published: 2022-10-13 9:30
Major Chinese lithium supplier Ganfeng Lithium maintains an aggressive pace in its investment activities. On September 28, it disclosed that it has signed a new strategic cooperation agreement with the government of Yichun for the joint development of a project that encompasses lithium resources, Li-ion battery materials, new types of Li-ion batteries, and products for various energy storage applications. Ganfeng signed this agreement just after it had announced a capital injection of more than RMB 6 billion into GFL International and Jiangxi Lingneng Lithium Industry. Yichun is a city in China’s Jiangxi Province. ...  more

Construction Begins for SAIC and Tsingshan Group’s Joint Power Battery Project in Guangxi

published: 2022-10-13 9:30
On October 10, a joint venture of SAIC and Tsingshan Group held a ceremony to celebrate the commencement of the construction of a base for the manufacturing of NEV power battery systems. Located in the New Energy Industrial Park of the Liudong New Area, the base entails an investment of RMB 10 billion and is set to have a production capacity of 20GWh per year. Liudong New Area is part of Liuzhou, a prefecture-level city in China’s Guangxi Province. ...  more