CATL unveils first mass-producible battery storage with zero degradation
China-based Contemporary Amperex Technology Co. (CATL) has launched its new TENER energy storage product, which it describes as the world’s first mass-producible 6.25 MWh storage system, with zero degradation in the first five years of use.
Battery prices collapsing, grid-tied energy storage expanding
From July 2023 through summer 2024, battery cell pricing is expected to plummet by more than 60% due to a surge in electric vehicle (EV) adoption and grid expansion in China and the United States.
Sodium-ion battery fleet to grow to 10 GWh by 2025
Global demand for sodium-ion batteries is expected to grow to just under 70 GWh in 2033, from 10 GWh in 2025, at a compound annual growth rate (CAGR) of 27%, according to UK-based market research company IDTechEx.
Global battery market forecast to grow 186% by 2025
CEA’s Energy Storage System (ESS) Supplier Market Intelligence Program (SMIP) offers a biannual market report about the leading global lithium-ion battery cell manufacturers and energy storage system integrators.
CATL launches 500 Wh/kg condensed matter battery
Chinese battery industry heavyweight CATL has unveiled a novel condensed matter battery technology with an energy density of up to 500 Wh/kg. The company said it can achieve mass production within this year.
Mango Power unveils home and portable battery system
US-based Mango Power has developed a 3.5 kWh battery system that can be expanded up to 14 kWh. The product features LFP battery cells from CATL and can be charged through AC wall outlets, with solar panels, or via electric-vehicle chargers.
LG Energy Solution IPO attracts $80bn in bids
LG Chem’s energy storage and battery division’s $10.7 billion initial public offering received a staggering response from institutional investors, Reuters has reported.
CATL claims to have made sodium-ion batteries a commercial reality
The manufacturer has launched sodium-ion products online. Production has begun and will be easily scalable, according to the CATL chairman. Researchers have been keen to make the technology work as it offers a cheaper, more environmentally friendly alternative to lithium-ion products.
Grevol to use CATL lithium cells for EV battery packs
The New Delhi-based electric mobility firm has launched electric vehicle (EV) battery packs using lithium-ion cells from China’s Contemporary Amperex Technology Co. Ltd. (CATL).
MG Motor mulling EV battery assembly plant in India
The British carmaker, which is launching its electric SUV early next month in India, plans to set up a battery assembly plant in two years for its electric car models.
