News
China’s Azure to Build Lithium Battery Plant in Indonesia for USD2.9 Billion
3+ day, 7+ hour ago (181+ words) (Yicai) July 10 -- Azure, a Chinese maker of lithium batteries and light-emitting diode chips, said it plans to invest USD2.9 billion to build a lithium battery factory in Indonesia to strengthen its capacity to supply products to overseas customers. The plant will…...
China’s Tinci Gains on Plan to Build Lithium Battery Material Plant for Up to USD310 Million
1+ mon, 2+ week ago (269+ words) (Yicai) May 27 -- Shares of Tinci Materials Technology rose after the firm said it will invest as much as CNY2.1 billion (USD310 million) in a new factory in China to produce core raw materials for lithium iron phosphate batteries, as part of plans…...
China’s Semcorp Slides After Ditching Planned Malaysian Battery Separator Plant
1+ mon, 2+ week ago (362+ words) (Yicai) May 25 -- Shares of Yunnan Energy New Material fell after the Chinese lithium battery separator giant, better known as Semcorp, pulled a CNY2 billion (USD295 million) plan to build a new plant in Malaysia in a broader investment rethink driven by policy,…...
Third-Party Auto Repair Shops Say They're Shut Out of China’s Fast-Growing NEV Services Market by Carmakers
1+ mon, 3+ week ago (616+ words) (Yicai) May 18 -- Despite demand for new energy vehicle after-sales services gradually expanding in China, third-party repair stores say they are struggling to enter the market due to carmakers' monopolistic control over the supply of core parts related to the three…...
Top Chinese, US Execs Meet at State Dinner as Trump Visits China
1+ mon, 4+ week ago (349+ words) (Yicai) May 15 -- Chinese business chiefs rubbed shoulders with American corporate heavyweights at a state dinner held yesterday in Beijing to mark US President Donald Trump's visit, providing a valuable opportunity for both sides to strengthen ties and explore potential deals....
Stellantis, Dongfeng Motor to Invest USD1.2 Billion to Make Peugeot, Jeep EVs in China
1+ mon, 4+ week ago (157+ words) Yicai Global (Yicai) May 15 -- Stellantis and long-time Chinese partner Dongfeng Motor Group have signed an CNY8 billion (USD1.2 billion) investment deal to localize the production of electric vehicles for Peugeot and Jeep, in a move aimed at lifting sales of the two…...
Semcorp Sinks as Chinese Battery Separator Giant Scraps Supplier Buyout, Bets on Capacity Expansion
1+ mon, 4+ week ago (505+ words) (Yicai) May 14 -- Shares in Yunnan Energy New Material tumbled today after the Chinese lithium battery separator manufacturer, also known as Semcorp, abandoned its plan to acquire equipment supplier Zhongkehualian New Material, citing disagreements over key terms. The company said it…...
China's Boway Alloy to Sell Last US PV Asset to India's Inox Solar Amid Regulatory Risks
1+ mon, 4+ week ago (250+ words) Boway Alloy will sell Boviet Solar Cell Technology North Carolina, including its solar cell factory under construction and all related equipment, to Inox Solar Americas for USD470 million, the Ningbo-based company announced yesterday. The transaction will be completed after the two-gigawatt…...
China’s Unitree Debuts World's First Pilotable ‘Mech’ Humanoid for USD574,200
1+ mon, 4+ week ago (118+ words) China's Unitree Debuts World's First Manned Transforming Mech for USD574,200 Yicai Global (Yicai) May 13 -- Chinese startup Unitree Robotics has turned a science fiction concept into reality with the arrival of its transformable ‘mech.’ Priced from CNY3.9 million (USD574,200), the machine is the world's…...
Mingzhu Plastic Jumps After Unveiling USD497 Million Investment in New Battery Separator Base in South China
2+ mon, 1+ day ago (392+ words) (Yicai) May 11 -- Shares of Mingzhu Plastic surged by the daily trading limit after the Chinese plastic materials and lithium battery separator supplier announced plans to invest almost CNY3.4 billion (USD497.4 million) to build a South China production base that will sharply expand…...