Business
Thermal Battery Maker Antora Raises $550M as AI Strains Power
Antora Energy has raised $550 million in Series C funding to scale its thermal battery systems, which store electricity as heat and…
Tag
Battery
Business
Malaysia’s solar leader to ramp up output as battery prices drop
Solarvest currently has around 1.2 GW of capacity in the South-east Asian country Malaysia’s biggest solar company Solarvest Holdings…
Business
One of China’s richest battery tycoons builds US$50 billion empire
CAO Renxian is one of China’s richest men in an industry the world cannot live without, yet almost no one outside the business knows his…
News
Volvo identifies battery fire risk in EX30 Ultra EVs; owners told to limit charging to 70%
Some 143 owners of the Volvo EX30 Ultra electric car in Singapore are being advised not to charge their vehicles beyond 70 per cent due to…
Business
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027 Chinese battery…
Business
China’s power reforms, global data centre buildout usher in battery boom
A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for…
Business
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering Volkswagen’s battery business is being forced to…
Business
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal…
Business
Malaysia’s Perodua unveils US$19,000 EV, battery not included
Malaysian automaker Perodua launched its first electric car on Monday (Dec 1), and will sell the vehicle separately from the battery to…
Business
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid…
Business
Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors…
Business
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
News
Hyundai says battery plant delayed after immigration raid
Efforts to repatriate workers are moving forward and the chartered plane bringing them back is expected to depart the US on Thursday and…
News
US raid disrupts construction at multiple South Korean battery plants
The top South Korean battery maker is building three other production lines in Arizona, Michigan and Ohio The immigration raid at an LG…
Business
Chinese battery maker CATL expects Hungarian production to start by early 2026
The battery maker has been extending its lead in the EV battery market, with a 38% share globally in 2024, up from 36% a year earlier…
Business
Australia activates Blackrock’s A$1 billion super battery which will be world’s most powerful
The country leads globally in rooftop solar per capita, which floods the grid with cheap daytime power but also creates challenges for…
Business
Chinese battery maker CATL reports faster profit growth in second quarter
Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co Limited’s (CATL) net profit growth picked up in the second…
Business
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a…
Business
US set to impose 93.5% duty on China battery material
The US Commerce Department imposed preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery…
Business
BYD, other EV battery makers face more pressure to cut emissions
Electric vehicle (EV) battery suppliers, including BYD and EVE Energy, need to step up efforts to switch to clean power at manufacturing…
Business
CATL breaks ground on US$6 billion Indonesia battery venture
world’s top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government…
Unsorted
Mitsubishi plans battery swapping tech for electric CVs in Tokyo
Mitsubishi Fuso Truck and Bus (MFTBC), in collaboration with Mitsubishi Motors, Ample, and Yamato Transport, is set to roll out an EV…
Business
RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia
RGE and TotalEnergies on Wednesday (May 28) have signed a co-investment agreement to jointly develop a solar power plant with battery…