CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg.
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Category: Battery News
Currently 90 percent of China's power batteries are transported by road, and rail transportation is expected to reduce costs and improve efficiency.
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In October, China's power battery installations amounted to 59.2 GWh, up 51 percent year-on-year and up 8.6 percent from September.
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CATL has recently entered the trial production stage of 20 Ah samples, meaning the battery solution is initially finalized and it is starting to enter the production technology exploration stage, according to local media.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged.
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The program will last for four years, with a total lifecycle purchase value of about RMB 200 million ($28.1 million).
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The Yangwang U7 will be powered by BYD's second-generation blade battery, which will have a charging multiplier of more than 5.5 C and a discharging multiplier of more than 14 C, according to an auto blogger.
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Svolt said it had to make the decision after the development of the European EV market failed to meet the expectations of all stakeholders.
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That's because Svolt's operations in its home market in China are already struggling, and it can't afford to handle overseas factories that require a lot of capital, according to Caixin.
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CATL has launched the Freevoy battery for hybrid vehicles, which offers a range of more than 400 kilometers and supports 4 C fast charging, allowing hybrid vehicles to deliver a BEV-like experience.
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