In Short : Ashok Leyland, part of the Hinduja Group, has launched a partnership with China’s CALB Group to develop battery manufacturing in India. The 20-year exclusive agreement involves an investment of about ₹5,000 crore over 7–10 years. The collaboration will begin with battery pack assembly, progressing toward lithium-ion cell design, R&D facilities, and applications […]
CALB Starts Mass Production of New Generation of LFP Batteries with Energy Density Reaching 153Wh/kg – EQ Mag
CALB formally commenced the mass production of the One-Stop (OS) LFP battery system at its manufacturing base in Jiangmen, China’s Guangdong Province. Shaped like a rectangular razor, the OS LFP battery system has an energy density reaching 153Wh/kg. CALB invested a total of RMB 20 billion in building the base in Jiangmen. The base accommodates […]
CALB Nearly Quadrupled Its Profit in 2022 and Now Aims to Put Its European Plant into Operation in Accordance with Its Schedule – EQ Mag
CALB, China’s third-largest domestic supplier for EV power batteries, released its first annual report since its listing on the Hong Kong Stock Exchange. According to the report, CALB’s realized revenue for 2022 came to around RMB 20.375 billion, showing a YoY increase of 198.9%. Its net profit for 2022 came to around RMB 694 million, […]