Remove 2016 Remove Chinese Remove Energy Storage Remove Poland
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Chinese battery company takes 22% stake in Valmet Automotive; strategic partnership for EVs

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China-based Contemporary Amperex Technology Limited (CATL), a leading global provider of battery and energy storage solutions, has taken a 22% stake in Finland-based Valmet Automotive as part of a new strategic partnership in electric automotive solutions. At the end of 2016, CATL employed more than 10,000 employees worldwide.

Chinese 150
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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Other areas of energy transition investment also showed strength. Domestic installation of energy-efficient heat pumps came to $50.8 billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020.

2020 259
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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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—Yayoi Sekine, head of energy storage at BNEF. Germany and Hungary will increase their battery manufacturing capability to match Poland, as cell and component plants come online in coming years. US cell production capacity surpassed Japan in 2014 and South Korea in 2016.

Supplies 195