Battery News

The plant is expected to have a total battery capacity of 15 GWh, enough to power 250,000 to 300,000 vehicles.

Eve Energy plans to use the proceeds for its Hungarian production base and the third phase of its Malaysian production base.

The energy storage battery project is an expansion of Eve Energy's existing facility in Malaysia, which began operations in February this year.

CATL has already talked with carmakers about using battery swap technology in Europe, said its board secretary Jiang Li.

The EH216 series eVTOL equipped with the new batteries are expected to achieve significant performance improvements, including longer flight ranges and stronger power output.

LG Energy Solution will supply Chery with a total of 8 GWh of next-generation 46-series cylindrical batteries over the next six years, enough to power about 120,000 EVs.

CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.

As of the end of May, Li Auto had delivered a cumulative total of 1,301,531 vehicles.

The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.

Eve Energy is set to become the latest Chinese battery maker to list in Hong Kong after CATL.