CATL and BYD‘s combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total. There are six Chinese companies in the top 10. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest electric vehicle (EV) battery makers in the first two months of…
Cheap vehicles, growing market share, a new super-fast charger — Chinese electric vehicle company BYD is taking the fight to Tesla, as the American EV maker’s global sales slump. The company made $170 billion in revenue in 2024, which beat market analysts’ predictions and soared past Tesla’s annual revenue of $155.5 billion. BYD reported a…
NEW YORK — Chinese battery makers are targeted for new restrictions in the U.S. under legislation that would bar the Homeland Security Department from procuring clean energy technology made by six companies. The House of Representatives passed the “Decoupling from Foreign Adversarial Battery Dependence Act” last week. The bill advances to the Senate, where it likely…
GUANGZHOU — The Chinese government is poised to intensify trade restrictions on technology used to make materials for electric vehicle batteries and semiconductors in a bid to maintain its competitive advantage against the U.S. The new curbs will apply to production technology for gallium, an element used to make semiconductors, and cathode materials for lithium-ion…
Sunwoda’s first factory in Thailand, located in Chonburi Province, will produce lithium-ion battery cells for EV makers. Several Chinese battery makers have already localized their production in Thailand, but all of them have built packs based on battery cells. (Sunwoda batteries on display at the April 2024 Beijing auto show. Image credit: CnEVPost) Sunwoda has…
CATL and BYD‘s combined EV battery installations in January amounted to 35.9 GWh, or 55.8 percent of the 64.3 GWh worldwide. The top 10 also included China’s CALB, Gotion High-tech, Svolt Energy, and Eve Energy. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest makers of electric vehicle (EV) batteries…
The U.S. used electric vehicle market is experiencing an evolution driven by the increasing availability of vehicles, shifts in consumer behavior, and the ongoing maturing of the transportation electrification ecosystem. Following a steady climb in late 2024, the volume of used EVs has already reached an all-time high. That’s the view from Recurrent Auto’s Q1…
The Hong Kong government must quickly come up with a new business model for the city’s two franchised bus companies, which face nearly HK$6 billion (US$771 million) in investments to overhaul their fleets to reach zero-emissions targets, according to a think tank. The clock is ticking because the companies have less than eight years to…
FRANKFORT, Ky. (AP) — A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy, a process seen as increasingly important to help secure a reliable electric grid for the country, officials said Friday. The Shelbyville Battery Manufacturing plant will employ 1,572 workers once…
HONG KONG — A leading Chinese producer of electric vehicle batteries is preparing to shut its European operations next January, Nikkei Asia has learned, in the latest example of a Chinese company scaling back activities overseas amid an escalating trade spat and falling EV sales in Europe. SVOLT Energy Technology, an affiliate of Chinese automaker…