Smart and Sustainable Electric Mobility
Eve Energy will set up a joint venture in Thailand under which it will build a battery production base with a capacity of at least 6 GWh.
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The investment is to further improve the company's business layout, serve international customers and expand overseas business, Sunwoda said.
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The customer is a globally recognized automaker headquartered in Germany with a portfolio of well-known car brands, Transimage said.
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China recycled 115,000 tons of used power batteries in January-May, more than the total for the whole of last year.
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In June, Xpeng loaded more than 4,000 vehicles with CALB battery packs, or 70 percent of its production for the month.
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Sunwoda's power battery installations in China amounted to 0.73 GWh in June, placing it at No. 6 with a 2.21 percent share.
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Talent's second phase of a 2 GWh/year plant in Chongqing is expected to be completed by the end of 2023, and a 10 GWh/year industrial park project in Anhui is under construction.
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Gotion's earnings preview implies it will post a net profit of RMB 7,439 to RMB 124.4 million in the second quarter, a year-on-year increase of 129.46 percent to 283.68 percent.
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By then, the energy density of lithium batteries could reach 500 Wh/kg, providing EVs with two to three times the range of liquid lithium batteries and tying the range of fuel vehicles, TrendForce said.
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BYD topped the LFP battery market with a 39.61 percent share, but lower than its 45.30 percent share in May.
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