In response to the rumor that "Chinese battery factories plan to reduce production because the price of lithium carbonate exceeds 600,000 yuan ($85,156)/ton", Chinese battery maker EVE Energy said that it is currently operating as per usual.
The European power battery market is becoming much more important. Many Chinese power battery manufacturers including CATL and BYD also set their sights on the market.
Gotion Hi-Tech, a leading new energy enterprise, announced that it had signed a strategic cooperation agreement with Sumec, a subsidiary of China National Machinery Industry Corporation (Sinomach).
Gotion, the US subsidiary of Chinese battery manufacturer Gotion High-Tech, will build a battery material factory in Big Rapids, Michigan, with an investment of about $2.364 billion, creating about 2,350 jobs.
A provincial division of the China Securities Regulatory Commission announced on July 26 that Gotion High-Tech, a new energy vehicle battery enterprise, was discovered to have four irregularities.
Ningbo Shanshan, a lithium battery company, and Keda Industrial, a building materials machinery company, announced that they will be part of the first batch of RMB ordinary-share (A-share) companies to be listed on the Swiss Stock Exchange.
Lithium manganese iron phosphate batteries from Contemporary Amperex Technology Co., Ltd. (CATL), Sunwoda and EVE Energy Co., Ltd. have passed pilot scale tests in the first half of this year.