Hangzhou First Applied Materials Co. Ltd. announced on April 25 that it will invest RMB 1.653 billion in four capacity expansion projects in order to grow its core business units and enhance their competitiveness and profitability. ...  more

Qingdao Gaoce Technology Co. Ltd. announced on April 28 that it has signed an investment cooperation agreement with the management committee of Jianhu Hi-Tech Industrial Development Zone. ...  more

Lucid Motor, a new electric vehicle startup, has signed an agreement with the Kingdom of Saudi Arabia for the purchase of up to 100,000 electric cars. Saudi Arabia is one of richest countries in the world. This deal represents the biggest procurement of EVs in history. ...  more

Apple may name its Apple Car project as Project Titan. According to a renowned leaker, the research team at the company plans to utilize a significant volume of titanium alloy in its design, and commission Foxconn, a long-term OEM of iPhones, to assemble and manufacture the vehicle, with the iPhone itself being used as the car key. Apple Car is expected to be priced at no less than US$100K, and will be announced in 2025 for the high-end EV market. ...  more

Demand is outstripping supply for battery cathode materials such as iron phosphate (FePO4) and lithium iron phosphate (LiFePO4) due to the boom in the NEV industry. ...  more

Electric vehicle start-up Rivian has won a US$1.5 billion grant from the Georgia state government to build a new factory with an annual capacity of 400,000 vehicles and an estimated 7,500 new jobs in what appears to be a win-win. ...  more

California had previously stipulated a target of attaining 100% zero-carbon electricity or power supply through renewable energy by 2045, and the state had temporarily approached its target several days ago, where the power generation through renewable energy fulfilled the demand for the first time. ...  more

Electric vehicle start-up Rivian has won a US$1.5 billion grant from the Georgia state government to build a new factory with an annual capacity of 400,000 vehicles and an estimated 7,500 new jobs in what appears to be a win-win. ...  more

Beiyuan Group announced in late April that it will be setting up 300MW of PV generation in Yulin, a prefecture-level city in China’s Shaanxi Province. ...  more

In the face of inflation, China’s lockdown measures, and supply chain issues, Delta commented at the investor’s conference that the company is expected to remain on a double-digit growth this year amidst robust dynamics in EVs and servers. ...  more