The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
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CATL's share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased.
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The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.
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SAIC's joint lab with QingTao completed tests to install first-generation solid-state batteries into prototype vehicles with a maximum range of 1,083 kilometers in the test vehicles.
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Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.
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In the LFP battery market, BYD topped the list with a 43.18 percent share in July, up from 39.61 percent in June, with an installed base of 9.35 GWh.
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A lesser-known company, Jiangxi Judian, began construction on August 8 on a solid-state lithium battery project with an annual capacity of up to 10 GWh.
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CATL's global share increased in January-June from January-May, while BYD's decreased slightly.
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Eve Energy will set up a joint venture in Thailand under which it will build a battery production base with a capacity of at least 6 GWh.
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The investment is to further improve the company's business layout, serve international customers and expand overseas business, Sunwoda said.
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