The Chinese lithium and battery producer Ganfeng Lithium is investing 15 billion yuan in two new battery factories to increase its production capacities by 34 GWh to around 100 GWh per year. Converted, the investment amounts to 2.2 billion euros.
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Ganfeng Lithium has begun construction of a solid-state battery production facility, which the company says will be the largest of its kind in China to date. Once completed, the factory in Chongqing will offer annual capacities of 10 GWh each for the production of battery cells as well as battery packs.
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Geely and Farasis have started building a new factory in China as part of their battery joint venture. The new production facility will initially be designed for an annual capacity of 12-gigawatt hours. The final capacity will be up to 30 GWh.
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The new Chinese electric car brand Avatr has just welcomed the battery manufacturer CATL on board. The first model of the new brand is called Avatr 11 and is a coupé-like SUV.
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Bosch has founded the joint venture Bosch Hydrogen Powertrain Systems with the commercial vehicle manufacturer Qingling Motors in Chongqing, China. The new company will develop, assemble and market fuel cell systems for the Chinese market.
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According to a Korean media report, Hyundai Motor is in talks with BYD about the supply of blade batteries for electric cars to be sold in China. BYD is said to have already set up a business unit responsible for cooperation with Hyundai and has offered to supply the batteries to Hyundai from 2022 onwards.
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Geely plans to build a new plant in the Chinese city of Chongqing, where electric cars will be produced for the Polestar brand. The new plant is reported to plan production capacities for “30,000 premium electric vehicles” annually.
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BYD is massively expanding their electric car production capacity in China. The manufacturer has now struck an agreement with the Changzhou city government to build a fourth car factory, which will have a capacity of 400,000 electric cars per year. Existing sites will ramp up as well.
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The US-Chinese manufacturer will present the serial version of its compact electric SUV SF5 first shown in 2018. It will run under the Seres label from the third quarter of 2019 with pre-orders to start at the Auto Shanghai.
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BYD of China has started the construction of its battery cell factory in the city of Chongqing with a planned annual capacity of 20 GWh, which was announced last year.
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BYD has signed an agreement with the government of the Chinese city of Chongqing to construct a battery factory with an annual capacity of 20 GWh. This was announced via a statement to the stock market in Hong Kong.
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BYD entered a strategic cooperation agreement with Changan Automobile to jointly manufacture batteries for electric vehicles. Both companies will produce up to 10 GWh of batteries together and sell as well as recycle those through a wide reaching joint venture based in Chongqing.
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The Sokon Industry group owns Californian EV start-up SF Motors and plans now also to enter the market for batteries and other EV components. Part of the roadmap is also the installation of a 5.2 GWh battery plant.
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