Smart and Sustainable Electric Mobility
Gotion has signed a new cooperation agreement to work with two partners on energy storage and new material development in Spain.
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Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
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Gotion has launched the G-Current, which supports ultra-fast charging, the Stellary Battery, a large cylindrical battery, and announced the Gemstone, an all-solid-state battery.
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A 10-MWh sodium-ion battery energy storage station has been put into operation in Guangxi, southwest China, the country's first large-scale energy storage plant using sodium batteries.
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CATL's share in April decreased by 0.22 percentage points from March, while BYD's increased by 1.58 percentage points.
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CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.
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Volvo will recycle retired batteries from its vehicles, leaving them to suppliers to dismantle and extract the metal materials, and CATL will use the recycled materials to produce new batteries that will be used in the production of new Volvo vehicles.
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GAC said its solid-state batteries have an energy density of more than 400 Wh/kg and could easily give an EV a range of over 1,000 kilometers.
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CATL's share in March decreased by 10.29 percentage points from February, while BYD increased by 9.04 percentage points.
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CATL's energy storage battery business generated revenue of RMB 59.9 billion in 2023, contributing 14.94 percent of the total.
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