Smart and Sustainable Electric Mobility
China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.
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CATL and BYD's shares in January-September both declined slightly from January-August.
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By the end of 2022, Rept had a production capacity of 35.2 GWh, and by 2025 it is expected to have a capacity of more than 150 GWh.
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Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
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BMW will leave the remaining order of about 70 GWh of its 160 GWh battery needs to be shared between CATL and Eve Energy, according to local media.
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CATL's share of the global EV battery market in January-August rose from January-July, while BYD declined slightly.
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CATL's share fell by 4.88 percentage points in September from August, while BYD's rose by 0.03 percentage points.
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Gotion's German battery plant is expected to be ready to supply European customers from October and could reach a real-world capacity of 5 GWh by mid-2024.
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CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.
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The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
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