Chinese companies, including CATL and BYD, saw explosive growth in the power battery market, while South Korean and Japanese manufacturers were not performing as brightly.
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The Seres 5 will be powered by a ternary solid-liquid hybrid lithium battery from Ganfeng Lithium, with a 90-kWh version expected to offer a 530 km WLTP range.




NIO announced that it has joined the Horizon Europe program with 26 partners and received funding for research and development of energy storage systems in electric mobility services.