battery – PressAP

JCN Newswire

Honda and GS Yuasa Reach Basic Agreement Toward Collaboration for a High-capacity, High-output Lithium-ion Battery

January 24, 2023

TOKYO, Jan 24, 2023 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. (Honda) and GS Yuasa International Ltd. (GS Yuasa) today announced that they have reached a basic agreement toward collaboration for a high-capacity, high-output lithium-ion battery. The two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023. In order to address the rapidly growing demand for batteries, the two companies reached this agreement to work toward the joint research and development of lithium-ion batteries and battery production methods that will be highly competitive in the global market, as well as the establishment of a supply chain for key raw materials and a highly-efficient battery production system.Based on the agreement, the two companies will work toward the establishment of a joint venture company by discussing a broad scope of collaborations including the following: - Research and development of a high-capacity, high-output lithium-ion battery, primarily for EV use, and the required production methods- Establishment and management of intellectual properties including patents related to the joint research and development- Planning for products that utilize technologies resulting from the joint research and development, and planning for the required sales channels- Designing of an efficient production operation including the supply chain for key raw materialsComments by Toshihiro Mibe, Director, President and Representative Executive Officer of Honda Motor Co., Ltd."Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. Honda and GS Yuasa have already been working together on lithium-ion batteries for hybrid electric vehicles (HEVs), and this new collaboration will further accelerate Honda's electrification strategies toward the achievement of our carbon neutrality goal."Comments by Osamu Murao, President and Representative Director of GS Yuasa International Ltd."Based on our corporate philosophy of 'Innovation and Growth,' GS Yuasa has been taking on challenges to create energy technologies while amassing a broad range of knowledge and know-how related to batteries. Through this new collaboration with Honda, we will contribute to further diffusion of electric vehicles, offer enhanced comfort and peace of mind to customers worldwide and strive to create new value for the realization of carbon neutrality." Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Establishment of Thailand's NV Gotion as Gotion plans to build battery export base in ASEAN countries

December 16, 2022

HONG KONG, Dec 16, 2022 - (ACN Newswire via SEAPRWire.com) - On December 15, Gotion High-tech signed a cooperation agreement with Nuovo Plus of Thailand-based PTT Group, to set up a joint venture called Thailand's NV Gotion Co., LTD (To be determined, NV Gotion for short). The joint venture focuses on the design, development, manufacturing, sales and export of battery modules and pack products, and aims to explore the ASEAN new energy market and build a battery export base in ASEAN. The PTT Group is the largest state-controlled energy and petrochemical company in Thailand. The partnership will help Thailand achieve full electrification and net zero carbon emissions by 2065.On the morning of that day, the two sides signed the agreement via video link. According to the agreement, Gotion Singapore PTE. Ltd. of Gotion High-tech has entered into strategic cooperation with Nuovo Plus Co., LTD of Thailand-based PTT Group, and plans to establish Thailand NV Gotion Co., Ltd. ("NV Gotion") in the Eastern Economic Corridor of Thailand. The business scope of the joint venture includes the design, development, validation and manufacturing of battery modules and battery packs, and battery management systems for a wide range of vehicles and energy storage systems. NV Gotion plans to build a lithium-ion power battery pack production line in the Eastern Economic Corridor of Thailand. By the fourth quarter of 2023, the first phase of the production line is expected to be put into production and provide high-quality battery products to the market. NV Gotion will actively explore new energy markets in the ASEAN member states while realizing local battery manufacturing and market development in Thailand. It is committed to building the battery export base in ASEAN.PTT Group, a Fortune 500 company, is Thailand's largest state-controlled energy and petrochemical company. Nuovo Plus of PTT Group is dedicated to providing energy solutions. Dr. Buranin Rattanasombat, Chief New Business and Infrastructure Officer of PTT Group and Chairman of the Board of Nuovo Plus revealed that the main mission of Nuovo Plus is the investment in the battery business sector in accordance with PTT's vision, "Powering Life with Future Energy and Beyond", which aims at driving community with renewable energy. NV Gotion plays an important role in conducting the battery business to strengthen renewable energy production and support the electric vehicle industry supply chain. It will help Thailand use more sustainable energy and support PTT Group's commitment to achieving net zero emissions by 2050 and the goal of achieving net zero emissions by 2065 in Thailand. By combining the strengths of both sides to develop sustainable supply chains, businesses, products, and marketing, PTT Group and Gotion High-tech will produce goods at a competitive price, offer technical assistance to conduct research and development, and offer one-stop services for customers. Li Zhen, Chairman of Gotion High-tech, noted the significance of the joint venture and expectations for the future. According to him, mutually beneficial cooperation is the foundation of the joint venture. The company believes that the cooperation will help Gotion's global expansion and accelerate the new energy development of PTT Group, which will achieve a win-win situation and lay a solid foundation for more future cooperation between us. The quality of products is the key to the joint venture's success. It is hoped that both sides can leverage their respective strengths, be a powerful combination and make advantages complementary to each other. They need to work together to promote product technology progress, improve the performance of products, and perfect services. Promoting application is the soul of the development of the joint venture. NV Gotion will respond to the call of the Thai government to develop a green economy and serve the electrification of Thai vehicles, which will boost the internationalization of Thailand's automotive industry. Gotion High-tech and PTT Group, with NV Gotion as the platform, will make the most of the first-class technology, high-quality products, and advanced management to support electric vehicles equipped with NV Gotion battery to be popular in Southeast Asia, and to go global. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Ni Hsin Inks Strategic Collaboration with SIRIM

December 15, 2022

KUALA LUMPUR, Dec 15, 2022 - (ACN Newswire via SEAPRWire.com) - Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today signed a Strategic Collaboration with SIRIM Berhad to promote co-operation between the Parties in the following areas:YBrs. Tuan Mohd Azanuddin bin Salleh, Senior Vice President, SIRIM Industrial Research, SIRIM Berhad; YBhg. Dato' Indera Dr. Ahmad Sabirin bin Arshad, FASc, President and Group Chief Executive Officer, SIRIM Berhad; Sofiyan Yahya, Chairman of Ni Hsin Group; Mr. Steven Khoo Chee Kong, Managing Director of NH EV TECH; Rizvi Abdul Halim, Executive Director of Ni Hsin EV Tech [L-R](a) setting up of a Lithium-Ion Battery Recycling Plant in Malaysia through Public-Private Partnership (PPP) funding model;(b) providing an eco-system for a circular economy model in mitigating the impact on the environment as a result of Lithium-Ion Battery being processed illegally in Malaysia;(c) potentially setting up a Lithium-Ion Battery manufacturing plant in Malaysia; and(d) introducing a Lithium-Ion Battery Recycling policy working with the Government of Malaysia. (collectively the "Project")Khoo Chee Kong, Managing Director of NH EV TECH, said: "This Strategic Collaboration with SIRIM is an extension of our quest for greater participation in the green economy. Having successfully launched our EV motorcycles last month we are looking forward to unlocking another piece of the environmental puzzle. As the world has grown to love and depend on the power and convenience brought by lithium-ion batteries (LIBs), their manufacturing and disposal have increasingly become subjects of political and environmental concerns. Most discarded LIBs eventually are landfilled or stockpiled, contaminating the land while wasting energy and non-renewable natural resources. If not recycled and reused, LIBs will exert massive environmental impacts and accelerate the depletion of mineral reserves. It's not only environmental pollution that is a problem. During the end-of-life stage of LIBs, poor handling and disposal could increase the risk of fire or poisoning. In the coming years, disposing of huge numbers of batteries from electric vehicles is going to be the real challenge. There is now a need for qualified e-waste recyclers that can handle and recycle LIBs safely and responsibly.""The setting up of a Lithium-Ion Battery Recycling Plant is the right step in furthering Ni Hsin's green mission in support of the government's commitment towards a more sustainable, resilient and inclusive development in line with the United Nations' 2030 Sustainable Development Goal (SDG). The collaboration also aims to create an eco-system for a circular economy model in mitigating the impact on the environment and to spearhead the formation of a Lithium-Ion Battery Recycling policy working with the Government of Malaysia. The current LIB recycling market is estimated to be worth approximately $1.7 billion and is expected to increase significantly over the next ten years. In the ASEAN region there is only one such recycling facility in Singapore with a recycling capacity of 14 tonnes of Lithium-Ion batteries per day. Being one of the first movers in this region makes Ni Hsin more attractive to investors who are beginning to consider sustainability factors in their investment decision-making process.""We are honoured to work with SIRIM in this green Project who, with their vast knowledge and innovative technical expertise, will be a valuable partner ensuring the success of this green project." SIRIM President and Group Chief Executive Officer, Dato' Indera Dr Ahmad Sabirin Arshad said, "Under the green technology master plan 2030 of Malaysia, several strategies were outlined to create a low-carbon and resource efficient economy, thus, in complementing this master plan, SIRIM will be embarking on various projects towards enhancing and promoting sustainability in line with the Sustainable Development Goals (SDGS).""SIRIM is ever ready to work with any parties who are keen to explore any form of recycling business where we can contribute in terms of the latest technologies towards building our local recycling capabilities for e-waste", said Dato' Indera Dr Ahmad Sabirin Arshad.The SIRIM-Ni Hsin Lithium-Ion Battery Recycling Pilot Plant will be fully operational in 2023 with annual recycling capacity of 550 tonnes of lithium-ion batteries. For a start, the output will be sold to lithium-ion batteries manufacturers in the form of black mass. "Under this collaboration both companies will focus on the recovery of precious metals such as lithium and cobalt in 2024 and embark on lithium-ion battery manufacturing 2025, when the volume by processing more lithium-ion batteries from other nations" he added.Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Gotion High-tech and VinES Vietnam base break ground at a joint venture battery factory

November 21, 2022

HONG KONG, Nov 21, 2022 - (ACN Newswire via SEAPRWire.com) - November 18, the joint venture battery factory by Gotion High-Tech and Vietnam VinGroup was officially opened in Vietnam Ha Tinh Economic Development Zone. The project is expected to achieve an annual production capacity of 5GWh, scheduled to be in operation by the end of 2023, which is the first LFP battery factory in Vietnam. The factory was jointly invested by Gotion High-tech, and VinES (a member of VinGroup). Gotion High-tech holds 51% of the shares and VinES holds 49%. According to the plan, The project has a scale of 14 hectares with a design capacity of 5GWh/year and is expected to be completed and put into operation by the end of 2023. To meet the demand for LFP batteries for VinFast new energy vehicle batteries.At the Groundbreaking ceremony, Li Zhen, Chairman of Gotion High-Tech, said: VinGroup is the most respectable enterprise in Vietnam. The battery factory jointly built by Gotion High-tech and VinGroup will support the battery needs of VinFast's electric vehicles. It will not only contribute to the energy revolution, climate-friendly and economic development of Vietnam but also contribute to the energy civilization of human society.Since the beginning of this year, the globalization strategy of Gotion High-tech has been continuously implemented. In June, the company reached strategic cooperation with JEMSE of Argentina to establish a joint venture production line of battery-grade lithium carbonate in Jujuy Province of Argentina. At the same time, the German Gotion was officially unveiled, which started the pace of "made in Europe" Gotion batteries. In July, the company's General Depositary Receipts (GDR) rang the bell on the SIX Swiss Exchange; In September, it signed a strategic cooperation agreement with Sumec to promote the export business of energy storage products. According to the company's plan, by 2025, it is expected to achieve 300GWh annual production capacity of global production capacity, including 100GWh overseas, to help achieve global carbon neutrality. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

Honda Begins Sales of “Honda Power Pack Exchanger e:” Battery Swapping Station

October 25, 2022

TOKYO, Oct 25, 2022 - (JCN Newswire via SEAPRWire.com) - Honda Motor Co., Ltd. today announced that it has begun sales of the Honda Power Pack Exchanger e: battery swapping station in Japan, with the first unit delivered to Gachaco Inc., a battery sharing service joint venture. Gachaco today began operation of the first mass-production model of the Honda Power Pack Exchanger e: in Japan.Honda Power Pack Exchanger e:Product website: www.honda.co.jp/mobilepowerpack/exchanger (Japanese)Honda is striving to realize carbon neutrality for all products and corporate activities Honda is involved in by 2050. Electrification of mobility products, which is indispensable to achieve this goal, has three challenges that need to be addressed: short range, long charging time and high battery cost. By addressing such challenges with swappable batteries and their sharing service, Honda is striving to contribute to the acceleration of electrification and expansion of the use of renewable energy.Honda Power Pack Exchanger e: is a battery swapping station that simultaneously charges multiple units of Honda Mobile Power Pack e: (MPP e:) and enables smooth battery swapping for users of electric motorcycles and other mobile products equipped with MPP e:. The users will have access to fully-charged MPP e: whenever needed at battery swapping stations in the city, which enables efficient use of electrified mobility products without waiting for the batteries to get charged.Developed as a battery infrastructure which can achieve widespread use inside and outside of Japan, Honda Power Pack Exchanger e: features an exterior design that blends in well with the cityscape and adopts the Honda Power Pack Cloud system that centrally manages all information necessary for a battery sharing service operation in the cloud. Moreover, Honda pursued the convenience and user-friendliness for both battery sharing service businesses and the users of electrified mobility products. In India, through its local subsidiary, Honda Power Pack Energy India Pvt. Ltd. (HEID), Honda has already started a battery sharing service for electric tricycle taxis ("rickshaws"), using Honda Power Pack Exchanger e:.By offering the products and operating system for customers who are interested in battery sharing, Honda will continue supporting electrification of their mobility products and contributing to the realization of a low-carbon society. For more information about the joint battery sharing service of Tokyo Metropolitan Government and Gachaco Inc., please visit the website of Tokyo Metropolitan Government.www.metro.tokyo.lg.jp/tosei/hodohappyo/press/2022/10/12/05.html (Japanese)For more details about this battery sharing service, please contact Gachaco Ins.https://gachaco.co.jp/contact (Japanese)For more information, visit global.honda/newsroom/news/2022/p221025eng.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

CALB’s listing on the Hong Kong Stock Exchange makes it a premium target with outstanding high growth certainty on the gold track

October 6, 2022

HONG KONG, Oct 6, 2022 - (ACN Newswire via SEAPRWire.com) - On October 6, CALB Co., Ltd. (3931.HK), a giant in the EV battery industry, was officially listed on the Hong Kong Stock Exchange and became the first new energy EV battery enterprise in Hong Kong. During the offering period, the first day of the international placement of CALB has realised oversubscription. In addition, the IPO of CALB also attracted 15 cornerstone companies, including Tianqi Lithium (002466.SZ), Han's Laser Technology (002008.SZ), XPeng-W (09868.HK) and vivo, to subscribe for more than 40% of the global offering shares, almost covering the entire new energy vehicle industry chain, which fully proves that the industrial capital is optimistic about the development prospects of CALB.The high level of prosperity of the industry will continue, and the short-term adjustment will not change the long-term trendFrom the industry level, with the establishment of the dominant position of new energy development in several major global economies, the global new energy vehicle market has grown at a high speed and the penetration rate has continued to increase. According to Frost & Sullivan, the global sales volume of NEVs increased from 1,162.1 thousand units in 2017 to 6,201.2 thousand units in 2021. Global NEV sales are expected to grow at a CAGR of 24.3% from 2021 to 2026, and the global NEV penetration is expected to reach 30.1% by 2026.Benefiting from the growth of the global NEV market, the automotive industry in various countries has a high demand for power batteries, and the EV battery market has grown steadily. The global EV battery installed capacity is expected to grow at a CAGR of 33.8% from 2022 to 2026 and reach 1,386.7 GWh in 2026. Among them, as the world's largest EV battery market, with the rapid growth of NEV penetration rate, the healthy development of the industrial chain and the effective control of the pandemic, China's EV battery installed capacity is expected to reach 762.0 GWh in 2026 with a CAGR of 34.9% from 2022 to 2026.Therefore, the high level of prosperity of the NEV industry chain is still continuing, and the current adjustment of the new energy sector is not due to changes in fundamentals, but a correction of excessive short-term growth. In the long run, the development of new energy is the trend of the times. After a short-term restructuring, the subsequent performance is worth looking forward to.Excellent leaders promote the accelerated growth of enterprises, and equity diversification contributes to long-term developmentAs a leader in the EV battery industry, CALB has an excellent leader to lead the Company through the time cycle and achieve long-term sustainable development. Liu Jingyu, the Chairwoman of the Company, has her unique understanding and insight into the market and has excellent "cognitive power". The focus on passenger vehicles implemented by CALB in 2018, the restart of commercial vehicles in 2019, and the re-launch of passenger vehicles and energy storage in 2020 are all based on a thorough understanding of the market through full market and customer research, and accurate judgement after a full understanding of the market. Unique strategic vision determines the correct direction of the Company; a keen insight into the market determines the right goals for the Company; a deep understanding of technology determines the right course for the Company; the overall control of production determines the correct layout of the Company.Under its strong leadership, CALB's technology iteration has always led the industry's development, its product strength has been continuously enhanced, and its market share has continued to expand. According to Frost & Sullivan, in terms of installed capacity in the first quarter of 2022, CALB ranked second among third-party EV battery companies in the PRC and fifth globally among the third-party EV battery companies. At the same time, the Company's revenue increased by 63.0% from RMB1,733.8 million in 2019 to RMB2,825.4 million in 2020, and increased significantly by 141.3% to RMB6,817.1 million in 2021. In the first quarter of 2022, the Company's revenue was RMB3,897.1 million, with a year-on-year increase of 266.5%.At present, CALB is a joint-stock enterprise with diversified equity, high marketization, independent management and equity incentive. Through CALB's business decisions and capacity layout in recent years, it can be seen that the management of the Company can make decisions quickly according to the market demand and changes, and implement them quickly to match the market demand. It is believed that after the listing, the vitality of CALB will be further stimulated, and the subsequent market performance is more worthy of expectation. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

CALB’s Listing on the Hong Kong Stock Exchange Injects Strong Positive Energy to China’s New Energy Industry

October 6, 2022

HONG KONG, Oct 6, 2022 - (ACN Newswire via SEAPRWire.com) - On October 6, CALB Co., Ltd. ("CALB" or the "Company"; stock code: 3931.HK) was officially listed on the Hong Kong Stock Exchange. The number of H Shares of the Company under the Global Offering is 265,845,300, with issue price HK$38/share and proceeds HK$ 9,863.9 million (prior to the exercise of the Over-allotment Option). The successful listing of CALB has also made it the first enterprise of power battery in Hong Kong, representing the strong positive energy of China's new energy industry.Well-recognised investment value with leading edge product portfolioRecently because of the impact of multiple factors, Hong Kong stocks continue to be lukewarm. But the company still received the attention and support of many investors which include upstream and downstream of the industrial chain and long-term investors, and the company successfully completed the stock pricing process. At the same time, the IPO of the company is one of the largest public offering in Hong Kong stock exchange this year. In the current difficult capital market, the successful pricing of such a large IPO is a huge success which also reflect the company's long-term investment value.Meanwhile, the Company has entered into cornerstone investment agreements with 15 cornerstone investors, including Tianqi Lithium HK Co., Limited, Wang Sing International Resources Limited, Han's Laser Technology Co., Limited, CNGR Hong Kong Material Science & Technology Co., Limited, XPeng Inc., vivo Mobile Communication Co., Ltd*, Jiangmen New Energy, etc. The cornerstone investors subscribed for 149,331,400 offer shares in total, representing a total of approximately 8.43% of the issued share capital of the Company immediately following the completion of the share offering and a total of approximately 56.17% of the total number of offer shares under the share offering. This indicates that institutional investors have fully recognised the investment value of CALB.According to public information, CALB is a leading new energy technology company, mainly engaged in the design, research and development, production and sales of power batteries and energy storage system products. In the first quarter of 2022, CALB ranked fifth among global third-party power battery companies and second in China in terms of installed capacity.Since its establishment, CALB has paid great attention to the technological innovation of products, and has been the leader of innovation and technology in the industry. It is a power battery enterprise with all-round independent research and development capabilities that can independently complete the production of power batteries. Its outstanding innovation capability enables the Company to develop a series of innovative core technologies and products, including high-voltage ternary battery, "magazine" battery, and "One-stop" product, which have leading advantages in energy density, safety and economy, and have been successfully installed on numerous new energy hot-selling vehicles and widely recognised by new energy vehicle manufacturers.Relying on its strong innovation capability and strong technical strength, CALB has carried out in-depth cooperation with Changan, GAC, Geely, Dongfeng and other enterprises, and currently supports 28 car companies with more than 70 models, including GAC Aion, Changan New Energy, XPeng, Geely, SGMW, FAW Hongqi, Dongfeng, Dongfeng Peugeot, Chery, Guangzhou Toyota, Guangzhou Honda, Leapmotor, HYCAN, Smart and other traditional car companies and new car manufacturers, further consolidating its position in the industry.The share price is expected to take off with huge development potential for industryAt present, driven by carbon peak emissions and carbon neutrality goal and green economic transformation, the development of renewable energy is of great significance, and new energy has become an important field for countries to compete and invest in, becoming the main battlefield of the new energy revolution.The implementation of the "double carbon" campaign and the coordinated promotion of green, low-carbon and high-quality development are constantly promoting the accelerated development of China's new energy vehicle industry. According to the Ministry of Public Security, the number of domestic new energy vehicles has exceeded 10 million in June this year, making China the world's largest new energy vehicle market.Under this backdrop, the power battery, as an important component of new energy vehicles, has huge development potential. According to estimates, the global installed capacity of power batteries will reach 1386.7GWH, nearly 1400WGH in 2026, and China's installed capacity of power batteries is expected to increase from 154.5GWH in 2021 to 762GWH in 2026.CALB will also continue to expand its production capacity. The overall effective production capacity is expected to expand to approximately 35GWh and 90GWh in 2022 and 2023, respectively, representing a year-on-year increase of up to 194% and 157%.CALB's production capacity is all high-quality that can be mass-produced to meet the full range of customer needs, which downstream customers unanimously recognize. The company's products are widely demanded in the market, and this can be expected that the impact of the company's economy of scale will continue to increase.As a benchmarking enterprise of China's power battery, CALB is bravely taking the lead at the critical moment of economic restructuring, which is not only the ambition of an enterprise, but also the best illustration of supporting China's carbon peak emissions and carbon neutrality goal. The listing of the Company as the first enterprise of power battery in Hong Kong marks the Company's official entry into the capital market, and also opens a new chapter of rapid and sustainable development for the Company. It is believed that with the help of the capital market, the Company will continue to improve the company's technical strength and product competency in the long run and strengthen the long-term competitiveness of the company , and its share price is expected to take off continuously. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

CALB is in the process of offering shares: leading product capability wins with outstanding R&D strength

September 26, 2022

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - Since the late September, the Hong Kong stock IPO market has become increasingly active, successively welcoming large-scale IPO offerings, such as Onewo (2602. HK), Leapmotor (9863.HK), and CALB (3931.HK). CALB Co., Ltd. ("CALB" or the "Company", 3931. HK), which is currently offering shares, is expected to be officially listed on October 6, and will become the first EV battery company in the Hong Kong stock market.CALB proposed to issue 265 million shares, of which the initial proportion of the Hong Kong offering and the international offering is 5% and 95%, respectively. The maximum offer price is HK$51 per H share, 100 shares per lot. Huatai Financial Holdings (Hong Kong) Limited acted as the sole sponsor.In-depth manufacture engineering foundations with outstanding product strength Under the corporate spirit of "beyond commerce, bettering mankind", the Company mastered efficient, digital and scaled operational capabilities and manufacture engineering capabilities. Such capabilities have enabled the Company to attain an industry leading operational scale, which in turn, gives the Company the ability to transform cutting-edge technology consistently and rapidly into publicly benefiting products. The Company has extensive manufacture engineering technology capabilities, which is one of the core competitive advantages of CALB. The industry-leading technical capabilities allowed the Company to apply ultra-high-speed cutting and stacking machine to mass production. The Company possess the closed-loop control intelligent coating system and internationally leading fully automated assembly lines, while having the ability to manage the whole product life cycle, featuring industry-leading automation, digitalization and intelligent-features. Through real-time control of the manufacturing process throughout the product lifecycle, the Company not only could ensure the smooth and efficient operation of the entire manufacturing process, but also combined with standardized processes to achieve rapid process upgrades and product iterations. It provides continuously and stably deliver products that meet customer needs.Leveraging operational and manufacturing engineering capabilities, the Company was able to guarantee superior performance of products in mass production, which has passed rigorous tests of the market and helped achieve a good delivery record. The market leading product strength in terms of energy density and safety of the Company has successfully met two key requirements of end customers.The products of CALB have high energy density and stable safety performance. Through high voltage technology, the Company's medium nickel high voltage 5 series and 6 series battery products have reached the energy density of 260Wh/kg and 280Wh/kg, respectively, which enables the new energy vehicles installing the Company's products to achieve a mileage of up to 800 km, which is comparable to the 8-series power battery that has been launched in the market, and has better safety performance than the 8-series battery.As of the end of 2021, there are only two NEV brands in China have published the "pass" result for ternary battery nail penetration test, which represent the leading safety level of ternary battery in the world. The batteries for one of the brands are provided by CALB. The "magazine battery" launched by the Company is the first of kind in the industry to prevent fire in the nail penetration test of the ternary battery system, which significantly improves the thermal safety level of the ternary battery system and realized satisfactory application.Strong and outstanding R&D capability with consistent innovation conceptThe R&D and manufacturing of EV battery and ESS battery require long-term accumulation of comprehensive technology, talents and technologies, and such high technical barriers posed challenges to new players who planned to enter the market. CALB is one of the few EV battery companies with comprehensive independent R&D capabilities and the ability to independently complete the production of EV batteries. Its outstanding innovation capability has been conducive to its development of a series of advanced technologies applied to the Company's newly-innovated products, including the high-voltage three-wire system, the "magazine battery" and "One-stop Bettery".The Company has established R&D team with 2,900 R&D personnel with multi-disciplinary and extensive industry experience, as well as more than 1,200 comprehensive patent portfolio covering the entire battery industry chain. With this as a powerful engine, CALB has developed into a pioneer in technological innovation in its industry. According to Frost & Sullivan, the proportion of the number of R&D personnel in the total number of employees is higher than the average level of listed companies in the top ten enterprises in the EV battery industry. Since its establishment, CALB has always adhered to the concept of innovation and leading core technology to drive the healthy development of the industry. The achievements in quality, technology and R&D have laid the foundation for the Company's leading product strength. After listing in Hong Kong, the Company will continue to speed up the research and development of more advanced innovation core technologies driven by continuous technological innovation, continuous improve competitiveness of the Company's products and lead the industry. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

Toyota to Invest Up to 730 Billion Yen in Japan/U.S. Battery Production

August 31, 2022

TOKYO, Aug 31, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible.With this investment, Toyota intends to increase its combined battery production capacity in Japan and the United States by up to 40 GWh. By utilizing the Toyota Production System and building production lines that are more efficient than ever, Toyota also intends to further strengthen its competitiveness and invest in the training of personnel engaged in battery production and the passing down of monozukuri manufacturing skills.In Japan, a total of approximately 400 billion yen will be newly invested in the Himeji Plant of Prime Planet Energy & Solutions Co., Ltd. (PPES) and in Toyota plants and property, while in the United States, approximately 325 billion yen (approximately 2.5 billion dollars) will be newly invested in Toyota Battery Manufacturing, North Carolina (TBMNC; owned 90% by Toyota Motor North America, Inc. and 10% by Toyota Tsusho Corporation) toward increasing automotive battery production.Toyota intends to continue its efforts to build a supply system that can steadily meet the growing demand for BEVs in various regions, including the supply of automotive batteries from its partners.Toyota believes that there is more than one option for achieving carbon neutrality. It also believes that the means of reducing CO2 emissions as much as possible and as quickly as possible while protecting the livelihoods of its customers vary greatly depending on the country and region. With such in mind, Toyota will continue to make every effort to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Gotion High-tech Releases 2022 Interim Results

August 27, 2022

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Gotion High-tech Co., Ltd. ("Gotion High-tech" or the "Company"; Stock Code: 002074.SZ) announced its interim results for the six months ended 30 June 2022 (the "Reporting Period"). During the Reporting Period, the Company achieved revenue of RMB8,638 million, representing a year-on-year growth of 143.24%, of which revenue from overseas regions (including Hong Kong, Macau and Taiwan) increased by 358.28% year-on-year to RMB772 million, and is expected to achieve its target of 100% growth in total revenue over the previous year in the future. Net profit attributable to shareholders of the listed company was RMB64.62 million, representing a year-on-year increase of 34.15%. The Company's net cash flow from operating activities was RMB91.6 million, representing a year-on-year increase of 6.38%.During the Reporting Period, Gotion High-tech generated revenue mainly from power lithium battery, energy storage battery and power transmission and distribution equipment. Power lithium battery business maintained a solid growth trend, and achieved revenue of RMB6,609 million during the period, representing a year-on-year increase of 113.93%, and was the largest contributor to the Company's revenue. In particular, the energy storage battery business was disclosed for the first time in the financial report, achieving revenue of RMB1,279million during the period, accounting for 14.80% of the total revenue.Revenue size doubled again and market share continued to increaseGotion High-tech is a leading power battery company in the field of new energy vehicles in China, and is one of the first enterprises in China to engage in independent research and development, production and sales of lithium-ion batteries for new energy vehicles. Since the start of 2022, China further emphasized its support for the accelerated development of new energy industry as a strategic emerging industry. Against this backdrop, Gotion High-tech continued to expand its production capacity, strengthened its technological advantages, further deepened its market cooperation and steadily accelerated the implementation of its international strategy. Driven by multiple factors, the Company achieved revenue of RMB8,638 million in the first half of the year, up 143.24% year-on-year, registering triple-digit growth; of which, revenue from overseas regions was RMB772million, up 358.28% year-on-year, showing rapid expansion. It is expected to reach the target of RMB20 billion in total revenue by the end of the year. The Company is expected to achieve its target of 100% growth in total revenue over the previous year by the end of the year.According to SNE Research, in the first half of the year, Gotion High-tech has battery installed capacity of 5.8 GWh, with a market share of 2.9%, up 1 percentage point from the same period of last year, ranking 8th in the world. In terms of the number of installed units, the capacity coverage and global delivery capability continued to improve. For customer structure, passenger car customers improved significantly with increase in overseas and mid-to-high-end customers, leading to continuous improvement of customer structure. According to CBEA, in the first half of the year, the Company recorded 228 thousand units for EV battery installed passenger vehicle in China, accounting for a market share of approximately 9.7%, and ranked among the top 3 in China; and recorded over 250 thousand units for EV battery installed passenger vehicle in the world, accounting for a market share of approximately 5.9%, and ranked 5th in the global market.Research and development capability continued to strengthen to create "long-life batteries"In its main business of power battery and energy storage battery, Gotion High-tech has strong R&D capability, especially in the chemical composition of battery and battery cell, which are crucial to the electric vehicle market. In the process of building the layout of the whole industrial chain, the Company persists in independent R&D and innovation based on the requirements of its development strategy, introduces high-end technical talents and cooperates with universities and colleges, so as to build a high-standard, highly efficient and high-quality R&D model with multi-discipline and internal and external collaboration, thereby maintaining its technological advantages and ranking steadily among the top in the industry in terms of R&D capability. In the first half of 2022, Gotion High-tech's R&D expense amounted to RMB510 million, an increase of 104.97% year-on-year. The Company made early plan for lithium resources and strengthened its integrated layout. It has achieved remarkable results and made progress in the research of advanced technologies such as low-temperature electrolyte technology for lithium iron, research and development of thermal insulation materials, anti-thermal runaway management in battery cells and semi-solid battery technology. At present, the Company has enabled the industrial application of full life-cycle anode lithium-ion compensation technology in the field of energy storage, increasing the life of lithium-ion batteries to 12,000 cycles and becoming an industry model of low-cost, high-safety and long-life lithium batteries.At the 11th Gotion High-tech Technology Conference held during the year, the Company unveiled two new products, namely the 360Wh/kg semi-solid battery and the Yijiadian intelligent mobile energy storage charging pile. In particular, the 360Wh/kg semi-solid battery is capable of passing the 180 Degrees Celsius 30min hot box test and the needle penetration test, which are higher than the national standard, and is expected to be installed in vehicles this year. In addition, Gotion High-tech has developed a prototype for the 400Wh/Kg ternary semi-solid battery in its laboratory. In the future, the Company will make technological innovation to iterate silicon-based negative electrodes, lithium metal negative electrodes and pre-lithium technology to accelerate the transition from liquid to semi-solid batteries and eventually develop full solid state battery.As of the end of the Reporting Period, Gotion High-tech applied for 5,687 patents and obtained 3,835 patents, including 1,016 invention patents, covering the whole battery industry chain. The Company has also published 255 research papers, 23 articles in SCI, 147 articles in core publications and 109 software copyright registrations, covering the entire life cycle of lithium batteries.Steady acceleration of internationalization strategy and continuous construction of the whole industry chain layoutIn the first half of the year, the Company continued to increase its efforts in overseas expansion, of which, revenue from overseas regions was RMB772million, up 358.28% year-on-year with the successful opening of the Gottingen plant in Europe and the steady progress of construction plans for power batteries and supporting industrial bases in North America, Southeast Asia, South Asia and other overseas markets. It also proposed to establish a new generation power battery production line to form an integrated supporting system for international research, production, supply and sales. On June 24, President Fernandez of Argentina met with Li Zhen, our chairman, and the Company reached a consensus on cooperation with the Jujuy National Energy and Mining Company on the construction of battery-grade lithium carbonate production line, etc. On July 28, Gotion High-tech was successfully listed on the SIX Swiss Exchange AG as the first batch of GDR-listed enterprises under the China-Swiss Stock Connect, and with a total fundraising size of US$685 million, it became the largest project of equity financing in the Swiss capital market since the beginning of this year, which fully accelerated the Company's strategic progress of international development.The Company continued to optimize the construction of the whole industry chain system and accelerated the implementation of resource projects, and the layout of upstream materials has covered most of the raw materials for lithium battery production. It also developed its materials business in Lujiang of Anhui, Feidong of Anhui, Yichun of Jiangxi, Wuhai of Inner Mongolia and Jujuy of Argentina, with five major materials bases starting to take shape.Making good progress in commencement of production of power battery projectsDuring the Reporting Period, Gotion High-tech's Nanjing New Energy Intelligent Manufacturing 20GWh Power Battery Project officially commenced production, Yichun Gotion 10GWh Power Battery Project was completed and put into production, and Gotion Kehong High-end Positive Electrode Material Project with an annual capacity of 200,000 tonnes was put into production. The successful commencement of production of these projects will further enhance the level of industrialization and significantly contribute to achieving the production capacity target of 100GWh by the end of the year.In the first half of this year, the Company also entered into a Procurement Fixed-point Agreement with Volkswagen and became its first supplier for standard battery cells. With the deepening cooperation with Volkswagen, Gotion High-tech has accelerated its expansion plan in the European market. Recently, the Gottingen plant in Germany, which is wholly owned by Gotion High-tech, has started renovation and is expected to start production of the first phase of power battery capacity in 2023. This will bring localized and low-cost battery options to European car manufacturers, helping the Company quickly tap into the European vehicle battery market and facilitating the achievement of Europe's target of carbon peaking and carbon neutrality. UBS expects Volkswagen to become the Company's largest customer by 2025.In the future, by adhering to the mission of "To Make Green Energy Accessible and Sustainable" and the vision of "Focus on Technology-driven Development and Become the Leader of Global Energy Storage Industry", the Company will expand its production capacity through global development, vertically integrate the industry chain, overcome technological and quality bottlenecks, improve operational efficiency, enhance management effectiveness and build a global platform to achieve a 300GWh production capacity by 2025. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

New Power to Legend Capital Carbon Neutral Investment Portfolio: Ruicycle Raises Over RMB 300 Million from Series B

August 8, 2022

HONG KONG, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - Shenzhen Ruicycle Environmental Protection Technology Co., Ltd (also known as Hengchuang Ruineng), a battery recycling company, recently accomplished the B round of fundraising with over RMB 300 million, which is backed by Legend Capital. This round of fundraising will be mainly used to improve the development of the echelon utilized product series, the construction of new energy retired lithium battery recycling capacity, and the expansion of new lithium battery wet recycling technology.Founded in 2017, Ruicycle is a national high-tech enterprise dedicated to "Making New Energy a Truly Green Energy", deeply engaging in the field of recycling and comprehensive utilization of retired power batteries. It is committed to pursuing the concept of green and low-carbon development. Directing at the end of the new energy industry, Ruicycle has built an industrial ecological closed loop of large-scale automatic safe crushing, zero-pollution treatment, and high-efficiency recycling of lithium batteries based on the core technologies of lithium battery echelon utilization, material regeneration, and new material regeneration. Meanwhile, centering on the national carbon peaking and carbon neutrality policies, Ruicycle has achieved the traceability of carbon footprint and the quantification of carbon reduction, continuously making contributions to low-carbon development for the new energy industrial chain.In 2020, Ruicycle was granted the qualifications of "Echelon Utilization White List" and "Recycling Utilization White List", becoming the fully licensed enterprise in the lithium battery recycling industry. Ruicycles revenue exceeded RMB 1 billion with a CAGR of over 100% in 2021. Now it has been recognized as the first echelon enterprise in China's power battery recycling and comprehensive utilization industry.Ruicycle is the world-first company devoting intelligent management of temperature-sensing cameras to the retired battery storage field. It has established industrial bases for echelon utilization and recycling in Huizhou, Jiangmen, and Ganzhou, respectively, achieving a recycling capacity of 150,000 tons per year of retired power batteries. At the same time, Ruicycle has also been cooperating with Legend Capital's portfolio company Milkyway, a leading dangerous chemicals logistics enterprise, to build a global leading ESG recycling system.CHEN Zhipeng, the founder of Ruicycle, said: "We are a relatively young team. In keeping with the trend of the new energy era, we are eager to learn more from industry predecessors to root in the physical manufacturing industry more deeply. At the same time, we look forward to having more aspiring youngsters join us to create an efficient organization and together make contributions to the globalization of new energy industrialization experience.Legend Capital's investments in the carbon-neutral field focus on energy decarbonization, vehicle electrification/intelligence, synthetic biology, etc. Energy decarbonization includes photovoltaic, wind power, and smart grid; vehicle electrification/intelligence includes lithium battery vehicles, hydrogen fuel cell vehicles, battery recycling and others.Legend Capital has long been optimistic about investment opportunities in the new energy vehicle industry chain and has invested in a number of automation equipment, lithium batteries, and materials companies, many of which went public successfully, such as Wuxi Lead Intelligent Equipment (300450.SZ), CNGR Advanced Material (300919.SZ), Shanghai Putailai New Energy Technology (603659.SH), Shenzhen Hymson Laser Intelligent Equipments (688559.SH), Shenzhen Colibri Technologies (002957.SZ). At the same time, Legend Capital is also one of the early investors of CATL (300750.SZ).About Legend CapitalFounded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea. It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors. Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative. For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital ( https://www.linkedin.com/company/legend-capital ). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Interactive Energy Storage Online Workshop is Back by Popular Demand

July 15, 2022

Singapore, Jul 15, 2022 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has announced the new dates for Energy Storage online workshop which will commence live on 4th October and 12nd December 2022. Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, this course also covers the variety of competing storage technologies and describes the wide variety of problems energy storage seeks to solve, at a wide range of deployment sizes and timescales, including key issues around practical project delivery.This course is ideal for those from the investment community and professionals who are working within the power sector in a commercial or business development role. It provides an independent perspective on the competing options, the economic environment in which storage projects operate, and the operational and revenue risks which are important to them.The 4-days training programme provides a clear understanding of why and where storage markets are growing, what could limit this growth and what the future trends will be. So, if attendees are thinking of investing in or developing an energy storage business case, it provides attendees essential grounding in the core issues.Past attendee from Tuas Power Generation shared that, "The course has been informative, very practical and covers a wide range of energy storage technology. It is a good introduction to ESS.""An excellent course. I will without a doubt recommend it to anyone interested in the interplay between energy storage systems, electricity networks and energy markets, policies, procurement and regulations. Trainer's knowledge and group interaction makes the course not only highly informative, but also engaging and fun as we learn how to successfully transition to more environmentally sustainable energy systems," said the past attendee from Department of Energy.Gain a business-focused assessment of energy storage opportunities, competing solutions and project delivery essentials by signing up at www.infocusinternational.com/energystorage-online. Course Sessions1. Battery storage2. Utility-scale applications for power system optimisation3. Decentralization (energy storage at the network edge)4. Long-duration and alternative storage solutionsBenefits of Attending- Gain a clear understanding of energy storage market opportunities & deployment considerations- A core focus on batteries, including clear explanations of the technologies and performance considerations (in language accessible to non-technical people)- Discuss the key project delivery issues for battery storage projects- Review up-to-date examples from around the world and the lessons from them- Understand the competitive playing field and the economic variables that impact energy storage business cases- Stay ahead of trends and emerging solutions, including growth opportunities for longer-duration storage solutionsWant to learn more?Simply email emilia@infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/energystorage-onlineAbout Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Emilia MokTel: +65 6325 0210 Email: emilia@infocusevent.comWebsite: www.infocusinternational.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Legend Capital Increases Carbon Neutrality Investments: Portfolio Company Talent New Energy Completes A++ Financing Round with Several Hundred Million RMB

June 16, 2022

HONG KONG, Jun 16, 2022 - (ACN Newswire via SEAPRWire.com) - Legend Capital's portfolio company Talent New Energy, a new Chinese powerhouse in the solid-state battery industry, recently announced the completion of its Series A++ financing round with several hundred million RMB. Legend Capital initially invested in Talent New Energy by joining the Pre-A financing round and continued to support the company's development by following up this Series A++ financing round.With the improved battery technology and continuous high oil prices, the penetration rate of new energy vehicles is rising. The penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. Under the global background of carbon peaking and carbon neutrality, the wind power, photovoltaic and energy storage industry are also ushering in a golden era, gradually replacing the traditional fossil energy. With the technical advantages of high safety and high specific energy, it is widely believed in the industry that solid-state batteries will become the next trillion-level super track and the ultimate solution for battery technology.Technology innovation is the core path to support the realization of carbon neutrality. With the acceleration of vehicle electrification, applications such as energy storage have opened up a new trillion-level market. Legend Capital actively explores suitable investment opportunities in more advanced lithium battery technologies. As a brand-new technology solution, new energy solid-state batteries have been deeply explored by many giants and startups in China and around the world. With nearly 20 years of international and domestic solid-state battery R&D technology accumulation, the Talent New Energy team has determined the oxide technology route and the gradual development path from mixed solid-liquid to all-solid-state lithium battery since the establishment of the company in 2018.Legend Capital stated: "under the leadership of the founder Dr. GAO Xiang, the Talent New Energy team has been conducting R&D with the goal of industrialization, not only achieving a comprehensive breakthrough in product performance but also making Talent New Energy the leading semi-solid-state battery company in the market in terms of mass production capability. After the completion of the first investment in Talent New Energy last year, Legend Capital has continued to support the company's development by investing in each subsequent round of Talent New Energy's financing, helping the company become a leader in the solid-state battery industry in various aspects such as capital and industrial resources." It is reported that Talent New Energy's first semi-solid-state power battery production line in Chongqing will be put into production in October this year. Talent New Energy said that after this round of financing, the company would accelerate the integration of technological resources to set up an advanced energy materials research institute and a new energy technology industrialization joint R&D center in Beijing. The company is accelerating the mass production and commercialization of semi-solid-state lithium batteries and striving to launch the all-solid-state lithium-ion battery at the end of this year, providing advanced and reliable energy solutions to the new energy vehicle industry and electrochemical energy storage industry and providing "energy blocks" for the construction of new infrastructure for high-efficiency cross-space-time energy storage in the future human society. Under the goals of carbon peaking and carbon neutrality, Legend Capital's investments focus on energy system decarbonization, vehicle electrification/intelligence and synthetic biology. Energy decarbonization includes photovoltaics, wind power, smart grids; vehicle electrification/intelligence includes lithium battery vehicles, hydrogen fuel cell vehicles, battery recycling and others.Legend Capital has long been optimistic about the electrification, intelligence, and automation of new energy vehicles. It has invested in numerous enterprises in automation equipment, lithium batteries and material in the past 10 years, many of which were went public successfully, such as Wuxi Lead Intelligent (300450.SZ), CNGR Advanced Material (300919.SZ), Putailai New Energy (603659.SH), Hymson Laser (688559.SH), Colibri Technologies (002957.SZ). Legend Capital is also one of the early investors of CATL (300750.SZ). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)