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Chinese battery giant CATL’s $2 billion IPO approved

BEIJING – The China Securities Regulatory Commission (CSRC) has approved the $1.97 billion IPO application of Chinese lithium battery producer Contemporary Amperex Technology Co., Ltd. (CATL), according to a Xinhua news agency report on April 5. The Chinese securities regulator greenlighted the application at a meeting on April 4, according

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MIIT: Low-speed EVs will be treated as “special” motor vehicles

BEIJING – The Ministry of Industry and Information Technology (MIIT) issued a notice on October 25 reiterating that low-speed electric vehicles (LSEV) will be treated as a special type of motor vehicles rather than motorcycles. The notice was issued in response to a proposal on the administration of four-wheel LSEVs

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Great Wall Motor acquires minority stake in Australian lithium developer Pilbara Minerals

WEST PERTH, Australia – Australian lithium developer Pilbara Minerals Ltd. said in a statement on September 28 that it has executed a binding terms sheet with Great Wall Motor Co., Ltd. to further underpin the Stage 2 expansion of its 100 percent-owned Pilgangoora Lithium Tantalum Project in Western Australia. An

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Lithium race: CATL aims to beat Tesla’s Gigafactory by 2020

Tesla received over 400,000 reservations for the Model 3, an electric car that no customer has seen; and the Model 3 will rely on lower battery costs from its Gigafactory. The mass production of Tesla’s lower cost Model 3 has awakened traditional carmakers to the necessity of electrifying their powertrains,

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China EV 100 Forum 2017 talks EV industry innovation and technology upgrading

With a theme of Upgrade Core Technology, Innovation Leads the Future, the China EV100 Forum 2017 was held in Beijing on January 14-15. The forum was organized by China EV 100 and co-organized by Tsinghua University, China Association of Automobile Manufacturers (CAAM), China Automotive Technology & Research Center (CATARC), SAE-China

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Gree’s Dong Mingzhu: We are definitely going to make NEVs

BEIJING – Gree Electric Appliances Inc., China’s leading air-conditioning manufacturer, is determined on making new energy vehicles despite its recent failed acquisition of battery and electric bus maker Zhuhai Yinlong New Energy Co., Ltd. “Even though our acquisition of Zhuhai Yinlong has failed, we are definitely going to make NEVs

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Gree’s acquisition of Yinlong: more than making buses

This issue features an interesting article by our guest columnist Yao Wei of find800.cn on Gree and Yinlong, two of the hottest names in China’s bourgeoning new energy bus industry that has recently been rocked by a subsidy cheating scandal. Scandal aside, neither Gree nor Yinlong are household names in the

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Listed lithium battery companies report surge on H1 2016 revenues and profits

BEIJING – According to a China Securities Journal’s report, as of August 22, among the 53 listed lithium battery companies, 46 had disclosed their H1 performance forecasts, and 35 reported growth on net profit, while 15 predicted at least 100 percent growth on profit. Statistics shows 23 lithium battery companies

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Nearly half of major EV models use ternary Li batteries

D1ev.com recently published a rundown of battery technology in the Chinese NEV market. Thirteen NEV models from eight major OEMs were listed in the survey. Of the 13 listed models, six used ternary lithium batteries, mostly in models released in 2014-2015. BYD: LFP and LFP-manganese Before entering the NEV

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