Smart and Sustainable Electric Mobility
"Against the backdrop of increasingly severe global climate change, we must take proactive measures to reduce carbon emissions," FinDreams said.
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Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.
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As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.
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FAW-FinDreams has a total planned capacity of 45 GWh, and will be able to provide blade batteries for nearly 600,000 vehicles when fully operational. Its initial production capacity is 15 GWh.
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Pouch-type ternary power battery cells saw the biggest drop, falling 7.3 percent to $0.51 per Wh in January, TrendForce said.
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The regional headquarters are aimed at serving customers close to where they are and mark Eve Energy's transition to global operations, it said.
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Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency.
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China already has 10 GWh of capacity for solid-state batteries, with more than 128 GWh planned for medium-term capacity, CITIC Securities said.
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The battery pack, called "Wuling Red 1", is 148 mm thick, which SAIC-GM-Wuling said is the thinnest battery for commercial vehicles.
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