A weekly update on the trending stories from the New Energy sector.

A weekly update on the trending stories from the New Energy sector.

A weekly update on the trending stories from the New Energy sector.

China's mobile phone shipments were 22.97 million units in May, a year-on-year decrease of 32%. Mobile phone shipments are expected to fall 23% year-on-year  to 22 million units in June.

A summary of the trending news of the New Energy sector. Will Xiaomi’s EV business venture be able to compete with Tesla and BYD?

With the advancement of the NEV industry, battery technologies has become the highlight in the New Energy Cobalt-Lithium industry, especially the solid-state battery considering its outstanding performance in energy density and safety. 

According to Experian's new car registration data, Tesla will surpass Audi in 2020 and become the fourth largest luxury brand in US, and is gradually approaching the top three BMW, Lexus and Mercedes-Benz.

China's installed capacity of batteries to power electric vehicles climbed 29.5% from a month ago to 3.6GWh in April, following a surge of 363.2% in the month of March, showed data from the China Automobile Power Battery Industry Innovation Alliance, suggesting the country’s EV sector continues to recover from the fallout caused by the coronavirus pandemic. 

The project is designed to produce 10,000 mt in Co content of cobalt new materials, 26,000 mt of ternary precursor a year

Consumption of ternary batteries may unlikely to improve by the end of Oct