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Ford receives Federal backlash following Chinese battery agreement

Teslarati

Florida Senator Marco Rubio is calling for an investigation into Ford’s recent announcement of a new battery production facility built in conjunction with Chinese battery supplier CATL. However, now the automaker is receiving backlash for partnering with Chinese battery maker CATL at the facility.

Chinese 137
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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.

Chinese 112
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Stellantis CEO on the threat of Chinese EV plants in Italy

Teslarati

Stellantis NV CEO Carlos Tavares clarified the company’s position on Chinese electric vehicle brands coming to Italy. We are creating a gigafactory for batteries, [and] we are investing in two new platforms for our sites,” he said during the global presentation of the Alfa Romeo Milano compact soft-roader.

Italy 101
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BYD, Toyota jointly to develop battery electric vehicles for Chinese market

Green Car Congress

and Toyota Motor Corporation have signed an agreement for the joint development of battery electric vehicles (BEVs). BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells.

BYD 186
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SK IE Technology to supply separators for EV batteries to Sunwoda

Green Car Congress

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. This marks SKIET’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Supplies 199
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IDTechEX sees battery swapping as winner in 2- and 3-wheeler markets of Asia-Pacific

Green Car Congress

Battery-swapping technology aims to address the shortcomings of conductive fast-charging. NIO users have completed more than 10 million battery swaps, with the daily average exceeding 30,000 swaps. Although IDTechEx believes battery-swapping remains unlikely to thrive in the US, many Chinese OEMs are now entering the European market.

Asia 326
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Chinese language funding in Europe shifts to greenfield battery initiatives, record says

Baua Electric

BERLIN — Chinese language funding in Europe is transferring from mergers and acquisitions to greenfield initiatives principally in battery manufacturing for electrical cars, consistent with 2022 information analyzed through free analysis suppliers MERICS and Rhodium Workforce. Greenfield funding made up 57 p.c

Chinese 52