Seven mobile battery manufacturers, including Elecom, and eight telecom operators, including NTT Group, announced a partnership agreement on May 19 to secure power sources for disaster-stricken areas. The system will begin operation on June 1, allowing disaster victims to more easily charge devices like smartphones.
Three major developments in China's EV sector: battery makers at Beijing Auto Show showcase sub-10-minute charging tech in race triggered by BYD and CATL; Li Auto expands to Middle East and Asia-Pacific targeting BMW and Mercedes; CATL announces landmark 60 GWh sodium-ion battery order to Beijing HyperStrong Technology over three years.
Chinese battery makers including CALB, EVE Energy and Sunwoda unveiled ultra-fast charging technology at the Beijing auto show, enabling 10-70% charges in under 10 minutes. Nio demonstrated a 3-minute battery swap, while BYD and CATL announced similar capabilities, intensifying competition to match petrol car refueling times.
Chinese battery cell manufacturers are poised to benefit from the US-Israeli war in Iran, according to Fitch Ratings, even as fierce competition, overcapacity and thin margins weigh on some downstream firms. Global demand for energy storage was set to rise, driven by high oil prices and rapidly expanding artificial intelligence (AI) data centres, said Wang Ying, a managing director at the credit rating agency. “We believe that China’s leading energy storage cell manufacturers will be the bigger...
