CATL and BYD's combined EV battery installations in January amounted to 35.9 GWh, accounting for 55.8 percent of the global total of 64.3 GWh.
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Category: Battery
Voyah's third-generation solid-state batteries will maintain the energy density of 300 Wh/kg, but increase the charging multiplier to 3 to 5 C.
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The $2.1 billion plant is CALB's first overseas facility and is expected to start production in 2027.
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CALB expects its net income to rise about 80 percent to 100 percent in 2024 from 2023 on the back of growth in business scale and lower costs.
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CATL's share grew by 1.6 percentage points in January from December, while BYD saw its share drop by 0.29 percentage points due to lower NEV sales.
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Large-scale adoption of all-solid-state batteries may not happen until after 2030, BYD's battery business CTO said.
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China's 2024 power battery installed capacity was 548.4 GWh, up 41.5% from 2023.
The post CATL claimed 45.2% of power battery market in China, BYD claimed 25.1% in 2024 appeared first on CarNewsChina.com.
Wuling is the first Chinese automobile brand to realize power battery production in Indonesia, according to the SAIC-GM-Wuling joint venture.
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CATL claimed the largest market share with 28.7 GWh of installed capacity in November and 211.72 GWh of installed capacity in 2024.
The post CATL claimed first in power battery installation in China, BYD second – November 2024 appeared first on CarNewsChina.com.
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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