Smart and Sustainable Electric Mobility
CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.
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BYD overtook CATL in LFP market share again after six months, the last time being in July 2022.
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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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Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.
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Gotion's joint venture in Thailand will create a battery export base in addition to local production of battery packs.
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Gotion High-tech was awarded the mining right for a period of five years, with a design production scale of 3 million tons per year.
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The first phase of the plant has a planned annual capacity of 5 GWh and is expected to be operational by the end of 2023.
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