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Chinese battery company takes 22% stake in Valmet Automotive; strategic partnership for EVs

Green Car Congress

China-based Contemporary Amperex Technology Limited (CATL), a leading global provider of battery and energy storage solutions, has taken a 22% stake in Finland-based Valmet Automotive as part of a new strategic partnership in electric automotive solutions. Valmet Automotive is one of the largest automotive contract manufacturers in the world.

Chinese 150
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Finnish Minerals Group and Beijing Easpring to form JV company to advance €774M CAM plant project

Green Car Congress

In November 2021, Finnish Minerals Group announced that it was negotiating with China-based Beijing Easpring Material Technology on the possibility to establish a cathode active materials (CAM) plant in Kotka, Finland. Finnish Materials Group owns 40% of that joint venture.

Companies 195
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Volkswagen global EV production network grows with launch of second German site in Emden

Green Car Congress

Emden is now the second site for electric vehicles in Germany following Zwickau and also joins the Chinese plants in Anting and Foshan. In many markets, the electric SUV jumped to the top of the sales charts in its very first year and was the best-selling all-electric vehicle in countries such as Denmark, Finland, Ireland or Sweden.

Global 435
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BASF and Shanshan to form JV to produce cathode active materials and precursors in China

Green Car Congress

As one of the leaders in the Chinese CAM market, Hunan Shanshan Energy has supported the lithium-ion battery industry for more than 18 years. In Europe, BASF is investing in CAM capacities in Germany and PCAM capacities in Finland.

China 186
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2023 EV registrations in Europe surpass two million units, setting new record – Charged EVs

Baua Electric

Market share grew fastest in established EV markets Finland, Denmark, Belgium, the Netherlands and Luxembourg. Chinese car brands continued to penetrate European markets—seven new brands entered the market last year, making a total of 30 (!) Chinese brands now available. Chinese brands saw sales grow by 79% year-on-year.

Europe 52
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Valmet Automotive accelerating fuel cell development

Green Car Congress

To intensify its activities in e-mobility, Finland-based Valmet Automotive is increasingly focusing on the fuel cell. Since the beginning of 2017, the Chinese battery manufacturer CATL has been Valmet’s minority shareholder, and a strong partner for the company on the way to e-mobility. Our target is clearly set.

Fuel 207
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Tesla Supercharges more non-Tesla EVs in Europe

Teslarati

“Non-Tesla vehicles can now charge at select Superchargers in Denmark, Finland, Germany, Luxembourg, and Switzerland via the Tesla app,” the automaker said today. Non-Tesla vehicles can now charge at select Superchargers in Denmark, Finland, Germany, Luxembourg and Switzerland via the Tesla app. Learn more at [link].

Europe 84