Panasonic plans to increase Tesla battery capacity and will invest more than 100 million US dollars

Published: Aug 20, 2020 14:35
These are some news about lithium battery manufacturers today.

SHANGHAI, Aug 20 (SMM) – These are some news about lithium battery manufacturers today.

  

Ministry of Industry and Information Technology releases regulations on access management of new energy vehicle manufacturers and products

Ministry of Industry and Information Technology (MIIT) released revised Regulations on Access Management of New Energy Vehicle Manufacturers and Products on August 19. According to the regulations, those who apply for access to new energy automobile manufacturers should meet the requirements of relevant national laws, administrative regulations and rules, automobile industry development policies and macro-control policies.

 

The applicant is the automobile production enterprise that has obtained access to road motor vehicle production enterprises, or a newly-built automobile production enterprise that has completed investment project procedures in accordance with the relevant state investment management regulations. If an automobile production enterprise produces new energy vehicles across product categories, it shall also complete the investment project procedures in accordance with the relevant state investment management regulations.

 

Panasonic plans to increase Tesla's battery production capacity by investing more than 100 million US dollars

Informed sources said today that Panasonic plans to increase Tesla's battery production capacity next year, and the investment scale is expected to exceed $100 million, which will increase the battery production capacity by about 10%. It is reported that Panasonic will invest in Gigafactory 1 battery factory. Gigafactory 1, located in State of Nevada, the United States, is invested and built by Tesla and Panasonic. It has 13 production lines, and Panasonic is mainly responsible for battery production in the factory.

 

Tesla is cooperating with TSMC to develop HW 4.0 self-driving chip, which will be put into mass production in the fourth quarter of 2021

It is reported that Tesla is cooperating with Taiwan Semiconductor Manufacturing Company (TSMC) to develop HW 4.0 self-driving chip, which will be put into mass production in the fourth quarter of 2021. This product is produced by TSMC's 7nm process and adopts TSMC's advanced SoW packaging technology. Only about 25 chips can be cut from each 12-inch wafer. The new chips will be produced from the fourth quarter, with about 2,000 chips in the initial stage. It is expected to enter the full-scale production stage after the fourth quarter of next year.

 

Hymson will officially land on the STAR market, CATL, SVOLT and Tesla as its important customers

Another lithium battery equipment manufacturer has landed on the STAR market. Hymson made an initial public offering of shares and issued a letter of intent for listing on the STAR market on August 18. It is planned to publicly issue no more than 50 million A shares of common stock, all of which will be used for projects related to the company's main business. Among them, 800 million yuan will be used for the expansion project of laser and automation equipment and the construction project of R&D center of laser and automation equipment.

 

In the field of power battery, as an important power battery equipment supplier in China, the company has been positioned as a leading enterprise serving various downstream application scenarios since its establishment, focusing on the promotion of superior products and continuously consolidating its product leadership.

 

Lotus Cars settled in Wuhan and will be put into production in Geely Auto’s factories

According to the public information of online approval and supervision platform for investment projects in Hubei Province, Lotus Cars’ domestic projects will be settled in Wuhan and put into production in Geely Auto’s factories. The first model of domestic Lotus is pure electric SUV Lambda, which is expected to be put into production in 2022 with an annual production capacity of 20,000 vehicles.

 

Lucid Air claims to be "the fastest charging electric car"

Lucid Motors announced on August 20 that the all-electric car Lucid Air will become "the fastest charging electric car ever". Air will be able to charge at a speed of 20 miles per minute, which is equivalent to charging 300 miles (about 480 kilometers) in about 20 minutes.

 

NIO will soon release BaaS battery rental service

NIO announced on the evening of August 19 that it will officially release BaaS (Battery as a Service) NIO battery rental service on the afternoon of August 20. This means that NIO's car-electricity separation business has taken an important first step.

 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Energy Storage: Envision, CATL Win 100MW/400MWh LFP+Sodium Storage Bids in Hebei]
1 hour ago
[Energy Storage: Envision, CATL Win 100MW/400MWh LFP+Sodium Storage Bids in Hebei]
Read More
[Energy Storage: Envision, CATL Win 100MW/400MWh LFP+Sodium Storage Bids in Hebei]
[Energy Storage: Envision, CATL Win 100MW/400MWh LFP+Sodium Storage Bids in Hebei]
On Sept 15, bid results were announced for energy storage system procurement of the Renqiu Zhihong 100MW/400MWh LFP plus sodium-ion independent storage pilot project in Hebei. Lot 1 covers LFP systems (30MW/120MWh large-capacity plus 60MW/240MWh long-life), won by Envision Energy at RMB 194.616 million, or RMB 0.518/Wh. Lot 2 covers a 10MW/40MWh sodium-ion system, won by CATL at RMB 41.416 million, or RMB 1.035/Wh. The project pilots a mixed LFP-sodium technology route for grid-side storage.
1 hour ago
[Lithium Battery: Ganfeng Lithium Battery Unit Raises Registered Capital 10% to RMB 3.51bn]
1 hour ago
[Lithium Battery: Ganfeng Lithium Battery Unit Raises Registered Capital 10% to RMB 3.51bn]
Read More
[Lithium Battery: Ganfeng Lithium Battery Unit Raises Registered Capital 10% to RMB 3.51bn]
[Lithium Battery: Ganfeng Lithium Battery Unit Raises Registered Capital 10% to RMB 3.51bn]
Public records show Jiangxi Ganfeng Lithium Battery Co. completed a registration change on Sept 15, with registered capital rising about 10% from RMB 3.18bn to RMB 3.51bn. Founded in 2011, the company develops, produces and sells lithium-ion power batteries, fuel cells and energy storage batteries. The increase is expected to support its power and energy storage battery expansion.
1 hour ago
[SMM Cobalt Morning Meeting Summary] Raw material costs weaken, demand is sluggish, and the price center continues to shift downward
3 hours ago
[SMM Cobalt Morning Meeting Summary] Raw material costs weaken, demand is sluggish, and the price center continues to shift downward
Read More
[SMM Cobalt Morning Meeting Summary] Raw material costs weaken, demand is sluggish, and the price center continues to shift downward
[SMM Cobalt Morning Meeting Summary] Raw material costs weaken, demand is sluggish, and the price center continues to shift downward
The industry chain remained in the doldrums overall this week, with some products stabilizing briefly, but demand-side improvement was limited. Electrolysis product prices stopped falling and rebounded, driven mainly by a phased increase in purchasing, though sustainability remains to be seen. The intermediate product market stayed in a stalemate, with upstream price-holding and low-price transactions intensifying the standoff; if low-priced supply persists, the price center still faces downside risk. Cost support for salt products continued to weaken, as low-cost recycled materials and low-price selling by some enterprises intensified market competition, while downstream purchase willingness remained cautious, leaving prices clearly under pressure. Co3O4 and cobalt chloride were broadly stable, but with both supply and demand weak and inventory digestion slow, there was little upward momentum in the short term. Cobalt powder quotations continued to edge lower, dragged down by weak demand from the cemented carbide sector. Ternary cathode precursors and ternary cathode materials continued to weaken under the impact of falling nickel and lithium raw material prices and reduced end-user orders, with production schedules also trending downward. LCO's traditional peak season performance fell short of expectations, with weak end-user stockpiling; falling costs and insufficient demand created dual pressure, and the market is expected to consolidate on a weak note in the short term.
3 hours ago