At a factory in Nantong, lithium batteries for laptops are being produced. China’s exports to the EU surged in May. This affects the European automotive and machinery industries as well. There are also early signs of trade diversion caused by US tariffs, as exports of laptops, smartphones, batteries and solar panels are climbing. Overall, the…
CATL’s second-generation Shenxing superfast charging battery has 12C peak charging rate and 1.3MW peak charging power. Credit: Robert Way/Shutterstock. China’s electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Co. (CATL) has introduced a series of battery products, marking a significant leap, it says, into the “multi-power era”. The company’s inaugural Super Tech Day saw the…
The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable. Over the past five years, grid batteries have become one of the biggest growth industries in…
CATL plans to issue no more than 220.17 million shares of overseas listed common shares for the HKEX. Credit: THINK A/Shutterstock. Contemporary Amperex Technology (CATL) has secured approval from China’s securities regulator, China Securities Regulatory Commission, for a share sale in Hong Kong. The move is expected to generate at least $5bn for the Chinese…
SYDNEY/SHANGHAI — China’s rapid rollout of solar and wind power generation is driving investment in energy storage systems, and the vanadium redox flow battery (VRFB) is emerging as a key technology. Australian chemical engineer Maria Skyllas-Kazacos always knew that one day the innovation that she and her team at the University of New South Wales…
For more than a year, Houthi rebels in Yemen attacked merchant vessels and warships in the Red Sea with missiles, drones and speedboats loaded with explosives, disrupting global trade through one of the world’s busiest shipping lanes. Claiming solidarity with Palestinians in Gaza, the Houthis have hit vessels as far as 100 miles off the…
Furthermore, China will have an additional 10% tariff imposed on it, effective in April. Trump said the moves are primarily aimed at stopping the import of goods that go towards the production of the synthetic opioid drug fentanyl, the centre of the most recent phase of the US’ opioid crisis. The latest tariff will bring…
The Indian electric vehicle (EV) market is on the brink of a paradigm shift as global giants BYD and Tesla make their way into the country. These international players are set to redefine consumer expectations by introducing new design standards, premium features, and innovative sales models that challenge the status quo of the Indian EV…
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appears to be diverting his attention from Tesla at a perilous moment for the electric car company. Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed…
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to a…