CALB starts manufacturing batteries at new Hefei plant

Chinese battery manufacturer CALB (China Lithium Battery Technology) has started production at its new 50 GWh factory in Hefei and said it will increase capacity there to 150 GWh. CALB is also now listed on the Hong Kong stock exchange.

The new factory was first announced in the plant in Hefei in September 2021 where NCM cells for the automotive industry are to be produced. The new battery type is code-named L221, and is a mid-nickel high-pressure NCM battery that targets long ranges for electric cars of over 600km. The battery adopts the all-tab laminated battery technology, which CALB says features high volumetric energy density and fast charging performance.

The commissioning of the CALB factory in Hefei is only the first phase of three. A second phase and a third phase, each expanding capacity by 50GWh will follow, the second phase is to be finished this year, while the third phase will follow an agreement with the local authority of Changfeng county.

CALB currently has seven production sites in Changzhou, Luoyang, Xiamen, Chengdu, Wuhan, Hefei and Heilongjiang with a planned capacity of 200 GWh for 2022. A year ago, CALB announced the expansion of its production capacity to an initial 300 GWh by 2025 and later increased this target to 500 GWh by 2025 and 1,000 GWh by 2030. CALB is also planning a factory in Europe.

According to an analysis by market research firm SNE Research, CALB accounted for 4.1 per cent of the global electric vehicle battery market in the first half of 2022. With 8.4 GWh, the Chinese company were the seventh largest supplier worldwide, according to the statistics.

The Group has now also completed its Hong Kong IPO announced earlier this year. The IPO raised 10.1 billion Hong Kong dollars (about 1.33 billion euros) for CALB and was the largest IPO in Hong Kong so far this year.

1 Comment

about „CALB starts manufacturing batteries at new Hefei plant“
Lic. Alejandro Mendoza Ramírez.
18.10.2022 um 15:25
Gracias. Saludos.

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