Hungary again top European destination for Chinese FDI
May 30, 2025
Hungary received 31% of all Chinese FDI targeting EU and UK in 2024. Investment in EV manufacturing played a central role, with Hungary alone receiving 62% of all Chinese EV-related FDI, up from 57% the previous year.
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Europe’s patent landscape: stable, but no breakthrough
April 25, 2025
In 2023, the European Patent Office (EPO) received a record number of patent applications from companies, research institutions, and individual inventors alike — a total of 199,275. So, did 2024 break that record? Not quite. Still, the data shows that innovation activity in Europe remains at a consistently high level.
520km after 5 minutes charging? CATL races ahead of competition
April 22, 2025
China’s CATL, the world’s largest EV battery maker, also announced its sodium-ion cell battery, Naxtra, was ready for commercialization and unveiled new dual-power batteries that can go for 1,500km on a single charge.
Sinopec teams up with CATL to build 10,000 battery swap stations
April 07, 2025
This year, the collaboration targets construction of at least 500 battery swap stations, with a long-term goal of 10,000 stations, creating a seamless “swap-as-fast-as-refueling” experience for EV owners in China.
Battery technology market to reach $137 billion by 2031
March 21, 2025
Asia Pacific is the largest market for battery tech with a share of 50%, followed by Europe and North America. In terms of products, lead-acid battery is the largest segment with a share of 55%.
Mercedes-Benz’s revolutionary EV batteries reach road testing phase
February 28, 2025
Mercedes-Benz has approved its brand-new solid-state EV batteries for formal road testing in partnership with its Formula One engineers.
CATL, Volkswagen to partner on EV batteries
February 21, 2025
Volkswagen said the collaboration with CATL will help provide better battery solutions for its customers, support its supply chain and help in meeting the increasing requirements of the EV market.
Hyundai plans to shake up EV market with new “Dream” batteries
February 18, 2025
Hyundai has set a March date to reveal its brand-new all-solid-state EV battery pilot line, dubbed “Dream” batteries.
CATL’s blockbuster listing aims to raise $5 billion
February 14, 2025
The Chinese EV battery giant said the funds raised would be used to fund the company’s European expansion, especially in Hungary.
Ford chief admits that China leads the US in EV battery development
February 13, 2025
Ford CEO Jim Farley admitted that the Chinese car industry poses a threat to Western interests due to its EV battery developments, estimating that it now leads the US by at least a decade.
CATL plans Hong Kong listing to boost global EV battery clout
December 27, 2024
Though CATL’s board has approved the plan, the proposal requires approval from regulators, including the China Securities Regulatory Commission.
Foxconn invests $82M in EV battery plant in Zhengzhou
December 26, 2024
The move is another attempt by Foxconn to diversify beyond its iPhone business with forays into sectors such as EVs, semiconductors and robotics, the South China Morning Post report indicates.
The future is here? CATL plots battery swapping revolution
December 24, 2024
The Chinese company has announced plans to open 1,000 swap stations next year in China, including in Hong Kong and Macao. CATL’s long-term goal is to open a whopping 10,000 stations with partners.
Stellantis and CATL to build €4.1B battery plant in Spain
December 10, 2024
Stellantis and CATL say that the companies will invest up to EUR 4.1 billion to form a joint venture to build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain.
Northvolt reportedly in talks with China’s CATL
December 02, 2024
Struggling Swedish battery manufacturer Northvolt is reportedly in talks with several Asian battery companies, among them Contemporary Amperex Technology Co. Ltd.
Northvolt files for bankruptcy in setback to Europe’s EV ambitions
November 22, 2024
Swedish EV battery maker Northvolt said it has only enough cash to support operations for about a week and it had secured USD 100 million in new financing for the bankruptcy process.
CATL unveils new battery for long-range hybrids
October 25, 2024
The battery, called Freevoy, is the world’s first hybrid battery with a range of more than 400 km, the Chinese company said.
Indonesia, CATL form $1.2 billion battery venture
October 18, 2024
Chinese battery giant CATL, through its subsidiary CBL International Development, formed the venture with government-owned Indonesia Battery Corporation, the companies said in a statement.
Fire breaks out in CATL factory in China, no casualties reported
September 30, 2024
Emergency services were sent to the plant belonging to Chinese battery maker to fight the fire and organize the evacuation of any people inside the 15,000 square metre facility in Ningde.
CATL says its new EV bus battery can last 1.5 million km
September 18, 2024
The new Tianxing Bus battery has an industry-leading energy density of 175 Wh/kg, which is 22% better compared to the previous generation batteries, the Chinese company said.
GM may buy EV batteries built with Chinese tech
September 16, 2024
But the batteries will be assembled in the US at a proposed plant funded and operated by Japanese consumer electronic firm TDK Corp.
Volvo delays construction of battery plant in Sweden
September 16, 2024
Construction for Volvo’s new battery production plant in Sweden was expected to start in 2025. But the start date has now been pushed back by between 12 and 24 months, the WSJ report said.
Chinese state prepares to inject $830m into battery R&D
June 03, 2024
The Chinese government is planning to make its biggest ever investment in domestic solid-state battery tech.
China-made battery can re-charge an EV in 10 minutes
May 20, 2024
Chinese company CATL has developed a 'remarkable' battery that can charge a car in 10 minutes to a range of 250 miles.
Stellantis and CATL ink battery supply MoU
November 22, 2023
Stellantis and CATL have signed a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ EV production in Europe.
Prices of NEV power batteries fell by 3~4% MoM for February
March 08, 2023
The Li-ion (lithium-ion) battery industry was still in the process of consuming existing inventory during February, and prices of materials in the upstream sections of the industry chain kept falling.
Ford taps Michigan for new $3.5 billion battery plant
February 14, 2023
The US automaker says that it is investing USD 3.5 billion to build an electric vehicle battery plant in Michigan, creating 2,500 new jobs in the region.
CATL's German plant kicks off cell production
December 22, 2022
Contemporary Amperex Technology Thuringia GmbH (CATT), CATL's first plant outside of China, has kicked off serial production of lithium-ion battery cells in December as scheduled.
More money for new Hungarian BMW facility
November 28, 2022
BMW is significantly increasing its investments in its new plant in Debrecen in eastern Hungary. According to BMW, a good two billion euros will be spent on the plant over the next 2 years.
CATL and BMW reach agreement on cylindrical battery supply
September 14, 2022
CATL and BMW Group have entered into a multi-year agreement on the supply of cylindrical battery cells to power the German carmaker's new series of electric models starting from 2025.
CATL to build a second European battery plant in Hungary
August 15, 2022
Contemporary Amperex Technology Co., Limited (CATL) says it will invest EUR7.34 billion euros to build a 100 GWh battery plant in Debrecen, Hungary, which is also its second battery plant in Europe following its German plant.
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