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Wanxiang and NEC to form joint venture for grid energy storage in China

Green Car Congress

China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market.

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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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Benchmark: China will increase share of global cathode production to 87% in 2030

Green Car Congress

Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. The top four Chinese cathode producers in 2022 combined have more than 1.4 times in the same period.

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GlobalData: Coronavirus threatens China’s battery sector dominance; 26 GWh hit in 2020

Green Car Congress

The coronavirus (COVID-19) outbreak in China will impact the green energy sector, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling, says data and analytics company GlobalData. —Sneha Susan Elias.

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A123 Systems to supply 2MW Li-ion energy storage system to Ray Power for frequency regulation in China

Green Car Congress

A123 Systems will supply a 2MW grid Li-ion energy storage system to Ray Power Systems Co. a Chinese company focused on developing the frequency regulation market and relevant technologies. —Robert Johnson, vice president of the Energy Solutions Group at A123. —Eldon Mou, CEO of Ray Power.

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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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Tesla Shanghai Megafactory in China officially starts construction

Teslarati

The Shanghai Megafactory represents the electric vehicle maker’s first dedicated energy storage facility outside the United States. The Shanghai Megafactory, which will produce Megapack batteries, will join Giga Shanghai as Tesla China’s main production facilities in the country.

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