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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China is the world’s largest lithium battery market, accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit. Lithium-ion batteries are a form of rechargeable energy storage used in everything from electric cars to scooters, laptops and motorised wheelchairs.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” China is making rapid inroads into the all-electric vehicle segment. “As Last year, it signed a supply agreement with Chinese battery supplier CATL.

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Hyundai showcases RM20e racing midship electric sports car, Prophecy concept EV at Auto China

Green Car Congress

At the 16 th Beijing International Automotive Exhibition (Auto China 2020), Beijing Hyundai Motor Company showcased its RM20e electric racing midship sports car prototype and Prophecy concept EV model, demonstrating the reach of its EV ambitions. The new Tucson as well as new Elantra also made their debuts to Chinese customers.

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CATL, Xiaomi & BAIC to build a battery plant in China

Teslarati

China’s top battery supplier, CATL, entered a joint venture with Xiami Auto and Chinese state-owned BAIC to build an intelligent battery cell plant. The upcoming battery cell manufacturing plant will be built under the jointly established Beijing Era New Energy Technology Co., Xiaomi Auto is contributing $6.9

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Li Auto CEO predicts China NEV penetration to exceed 80% by Dec 2025

CN EV Post

The years 2023-2025 for China's smart EV market will be like the last three years of World War II in history from 1943-1945, said Li Xiang. Li Xiang, founder, chairman and CEO of Li Auto (NASDAQ: LI), predicted a month ago that China's new energy vehicle (NEV) penetration rate would reach 70 percent by the fourth quarter of 2025.

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Volkswagen adopts ‘in China, for China’ strategy 

Teslarati

Volkswagen is adopting an “in China, for China” strategy as it explores profitable growth in the country by developing hybrid and fully electric vehicles—collectively known as new energy vehicles. China is our second home market. The post Volkswagen adopts ‘in China, for China’ strategy appeared first on TESLARATI.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (USD 570.18

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