The rising demand for EV power batteries has led to a corresponding increase in the demand for cathode materials used in Li-ion batteries. Cathode represents a fairly large share of the total manufacturing cost of a battery, coming around 40%. Furthermore, precursor represent a significant share of the total material cost of a cathode, reaching […]
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, […]
Farasis to Build New Base with Annual Production Capacity of 30GWh for EV Power Batteries in Guangzhou – EQ Mag
Major Li-ion battery supplier Farasis Energy announced on January 29 that it has entered into an investment cooperation agreement with the administrative committee of the Guangzhou Economic and Technological Development Zone. Under the agreement, Farasis will set up a base with an annual production capacity of 30GWh for LFP and ternary batteries that are purposed […]