LG Chem recently signed a long-term supply contract with Toyota Motor North America for the supply of secondary battery cathode materials, which is expected to amount to KRW 2.86 trillion by 2030. According to industry analysis, the supply scale can produce 600,000 to 700,000 electric vehicles An annual supply for 20GWh of…
The Kyocera Group has annouced to enter the solar power generation sector. The company announced that it plans to purchase excess PV energy from owners of rooftop PV systems in Japan and will sell the purchased electricity to companies through power purchase agreements (PPAs). Since October 1st ！ The Kyocera Group has been selling…
While JPMorgan is bullish on the Chinese automaker Xpeng, investors should still proceed with caution ! Electric vehicle sales around the world are hitting new records. Tesla and BYD are leading the way, posting record numbers in the second quarter. Rival Xpeng has a less enviable trait: Investors view it as the most divisive Chinese…
Tesla’s global car deliveries hit a record high in the 2nd quarter, price cut strategy worked. “People are still preparing for another round of (Tesla) price cuts, and such a large number of deliveries reduces the risk” “The gap between production and deliveries is narrowing as Tesla expects” Exceeded expectations ！ Tesla delivered a…
Solar will remain the leading source of global renewable energy capacity expansion by 2023, accounting for 286 GW. IEA reports IEA has released an updated market report on the renewable energy market outlook for 2023 and 2024. That number will grow to nearly 310 GW by 2024, driven by falling solar module prices, increased…
CATL subsidiary invested 2 billion yuan in battery energy storage project. June 6, the 2023 Energy Storage Industry Forum and Xianyang New Energy Signing Ceremony was held in Zhuhai City, with the theme of High-tech Drives the Future of Energy Storage. Shenzhen Xianyang invested a new energy storage industrial base in Zhuhai, mainly…
Avancis’ 30 cm x 30 cm integrated tandem cell has an efficiency of 20.3%, setting a new world record for a CIGS (copper, indium, gallium,selenide) solar panel. The results achieved by the German manufacturer have been verified by the US National Renewable Energy Laboratory. German thin-film solar module manufacturer Avancis claims that they have…
While the acquisition of the Ford plant offers an opportunity to approach a mature automotive supply chain, BYD sees advantages in setting up new facilities of EV outside Germany as well. BYD is also looking for alternative locations for factories in France and Spain. U.S. automaker Ford Motor is close to a deal…
Lyric Robot frequently receives large orders for overseas lithium battery equipment China’s power battery companies are accelerating their overseas expansion, overseas power battery manufacturers are actively expanding production, and China’s leading lithium battery equipment companies frequently receive overseas orders Recently, Lyric Robot, a leader in lithium battery intelligent equipment, has frequently won bids…
On May 24, CATL New Energy Technology Co., Ltd. (“CATL”) and JA Solar Technology Co., Ltd. (“JA Solar”) signed a strategic cooperation agreement during the Shanghai SNEC exhibition. Energy Storage Division of CATL and JA Solar, signed the agreement on behalf of the two parties. CATL Chief Customer Officer, Co-President of Market System, Energy…
After six months of continuous decline, the price of lithium carbonate has recently ushered in a strong rebound. Astounding Rebound On May 18, according to the latest data, the price of battery-grade lithium carbonate rose by 15,000 yuan/ton, with an average price of 300,000 yuan/ton. During this month, lithium carbonate has seen a daily…
Germany’s first utility-scale solar auction of the year concluded with prices ranging from €0.0529 ($0.059)/kWh to €0.0730/kWh. The procurement event was significantly oversubscribed. 1,952 MW Germany’s federal grid management agency (Bundesnetzagentur) allocated 1,952 MW of installed PV capacity in the country’s first utility-scale solar tender this year, out of a total of 245 bids,…