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IDTechEx: Nio spearheading battery swapping expansion beyond China

Green Car Congress

There are also other companies in China that offer models with battery swap support, but for the taxi market. Nio has 1071 swap stations in China as of August 2022 but is gearing up to expand its sales and swap station facilities across Europe. Swapping to become more efficient by using smaller batteries.

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China’s first large-scale sodium-ion battery charges to 90% in 12 minutes

Electrek

China’s first major sodium-ion battery energy storage station is now online, according to state-owned utility China Southern Power Grid Energy Storage.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

Green Car Congress

The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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China-based EV startup U Power in framework agreement with Quantum Solutions in Japan

Green Car Congress

China-based EV startup U Power Limited entered into a framework strategic cooperation agreement with Quantum Solutions Co., China-based EV startup U Power Limited entered into a framework strategic cooperation agreement with Quantum Solutions Co.,

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

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BMW Group creates closed recycling loop for high-voltage batteries in China

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The BMW Group will expand its recycling concept in China in the future—which will not only contribute to environmental protection, but also effectively support China’s transition to a low-CO 2 economy. —Jochen Goller, head of BMW Group Region China. China is the world’s largest market for electric vehicles.

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ABB and BYD enter strategic global collaboration on energy storage

Green Car Congress

announced today a strategic global collaboration to develop new solutions for energy storage, building on their complementary strengths. The scope of the collaboration focuses on the following applications: Grid-connected energy storage. Solar energy. Solar energy. Micro-grid applications.