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CATL reaches deal to supply energy storage systems to US firm HGP

CN EV Post

This helps meet the growing demand for clean energy in Texas and North America and highlights CATL's and HGP's commitment to achieving sustainable development, the Chinese battery giant said. HGP is based in Dallas, Texas, and has decades of market experience deploying grid investment-grade energy storage assets.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

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China EV maker Nio has completed 40 mn battery swaps so far – ET Auto

Baua Electric

Chinese electric vehicle maker Nio has completed 40 mn battery swaps so far, CEO William Li said on Thursday, replacing depleted batteries with fully charged packs, rather than plugging the vehicle into a charging point. The company has directed significant investment in terms of research and development to solve this problem, he added.

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China’s Nio and CATL team up to develop longer life batteries – ET Auto

Baua Electric

Chinese electric vehicle maker Nio on Thursday signed a partnership agreement with battery giant CATL to develop longer life batteries as part of efforts to lower overall EV costs. Nio expects to unveil its second brand, known as Ledao in Chinese, in May, the company’s president Qin Lihong said.

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Climate impact of lithium-ion batteries & how to measure it 

Electric Vehicles India

It has become a cleaner energy storage solution. We will be looking at some of them in this article. Also, read related article: Battery capacity needs to power EVs in India from 2020 to 2035. Read further to know more about the climate impact of lithium-ion batteries. . Climate impact of lithium-ion batteries.

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The world needs more batteries — but not this many – ET Auto

Baua Electric

Demand for lithium-ion cells is growing fast, as automakers electrify their fleets and utilities install big batteries to stabilize the power grid. Some planned factories around the world may be delayed or canceled due to the industry’s overcapacity, according to Yayoi Sekine, head of energy storage research at BNEF.

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