Contemporary Amperex Technology Co. Ltd. (CATL) has established Nanchang Contemporary Amperex Energy Service Technology Co., Ltd. with a registered capital of RMB 10 million, according to corporate records. The unit’s business scope includes EV sales, charging infrastructure operations, battery swap facility sales, and intelligent control system integration. The new company is wholly owned through Contemporary Amperex Energy Service Technology Ltd., a fully owned CATL subsidiary, making it an...

NIO’s Onvo L90 SUV has a 240L frunk, which is the largest in the Chinese market, according to the company. Credit: NIO NIO (NYSE: NIO; HKEX: 9866; SGX: NIO) has raised US$1.16 billion (RMB 8.4 billion) through a follow-on share sale, just a week after completing another US$1 billion financing. The company said the funds will support R&D in core EV technologies, new platforms and models, and the expansion of its battery swap and charging network. The raise comes as NIO’s recent launches...

Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) announced on Sep. 7 that its super battery plant in Debrecen, Hungary, is expected to start production in early 2026, several months ahead of schedule. With a investment of €7.3 billion and a planned annual capacity of 100 GWh, the facility will become one of the largest EV battery manufacturing bases in Europe, directly supplying core customers such as BMW, Stellantis, and Volkswagen. The project has already hired more...

Xiaomi announced on Friday a voluntary recall of 146,891 units of its PB2030MI power bank, produced between August 1 and September 22, 2024. The recall was initiated after certain units using a 126280-type 2.0 battery cell from a supplier were found to pose overheating and fire risks under extreme conditions. The company has filed the recall with the Beijing Municipal Administration for Market Regulation and will provide consumers with a full refund based on the retail price of RMB 159 ($22). Cu...

Leapmotor released details of the special edition of its B10 sports utility vehicle at Auto Guangzhou 2024 on Friday, Nov. 15, 2024. Credit: Leapmotor Chinese electric vehicle maker Leapmotor has started supplying battery packs that integrate battery cells from CATL to several commercial carmakers, as the two companies team up to explore a growing segment of the EV market, people with knowledge of the matter told Chinese media outlet 36Kr. Zhejiang Lingxiao Energy Technology Co., Ltd., a wholly-...