Contemporary Amperex Technology (CATL) surged in Hong Kong on Monday after JPMorgan Chase upgraded the stock, which extended a rebound for Chinese battery makers and inflated the premium of its Hong Kong shares over those that trade in Shenzhen. The US bank also predicted stronger demand for CATL’s energy storage systems. CATL’s Hong Kong shares…
Tesla’s (TSLA) recent announcement that the company had applied to the regulator Ofgem revealed how keen Elon Musk is to shake up the UK energy market. The EV maker’s bid to power UK homes and businesses is not a complete surprise, given that the company has been active in the energy space for a while,…
WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a…