Energy industries
LG Group Chairman Koo Kwang-mo visited Indonesia earlier this month to inspect the electric vehicle (EV) battery production facilities of HLI Green Power, a joint venture established in 2021 by LG Energy Solution and Hyundai Motor Group. During his visit, Koo emphasized the company's commitment to the EV
Energy industries
CBAK Energy Technology, Inc., a leading lithium-ion battery manufacturer and electric energy solution provider in China, has announced a share repurchase program with authorization to purchase up to $20 million of shares of its common stock. This program is designed to return value to shareholders and support the company'
Energy industries
The global battery recycling market is expected to reach $41.66 billion by 2030, growing at a CAGR of 10.61% from 2024 to 2030. The market is driven by the increasing demand for electric vehicles, government policies promoting a circular economy, and the growing need for responsible battery management.
Energy industries
Plans to build two large battery plants on green belt land in Bexley, a borough in London, have sparked opposition from residents and local politicians. The energy company, Firstway Energy, has announced plans to build a 200MW battery plant at Manor Farm in North Cray, which could store enough energy
Electric vehicles
Trane Technologies, a leading innovator in climate control solutions, has been working closely with Geely Auto Group to reduce the environmental impact of their electric car manufacturing operations. As part of this partnership, Trane has supplied high-efficiency climate control products and solutions to Geely's 12 production sites, helping
Electric vehicles
Tensions between China and the United States have led to the exclusion of American investors from the highly anticipated stock listing of Contemporary Amperex Technology Ltd., or CATL, in Hong Kong. This move marks a major milestone in the deepening rift between the two superpowers, as CATL, the world'
Electric vehicles
Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) has listed on the Hong Kong Stock Exchange, marking a significant milestone in the company's global strategic expansion. The listing ceremony, held on May 20, 2025, saw CATL's shares surge over 10 percent at market opening,
Electric vehicles
Robin Zeng, the billionaire head of battery giant CATL, forecasts that half of all new trucks sold in China will be electric-powered by 2028, a development that will have significant implications for the global market in heavy goods vehicles. According to Zeng, trucks powered by CATL's batteries could
Electric vehicles
China-based CATL, the world's largest electric vehicle battery maker, made a strong market debut on the Hong Kong Stock Exchange, closing at a 16.4% premium to its listing price. The company's USD4.6 billion initial public offering (IPO) is the largest this year, underscoring its
Energy industries
CBAK Energy Technology, Inc., a leading lithium-ion battery manufacturer and electric energy solution provider in China, reported its unaudited financial results for the first quarter ended March 31, 2025. The company experienced a significant 41% year-over-year decline in net revenues, primarily due to the product portfolio upgrade at its Dalian
Energy industries
The Asia-Pacific Thin Film Battery Market is expected to grow at a compound annual growth rate (CAGR) of 36.7% from 2024 to 2034, driven by the increasing demand for energy storage solutions in the region's renewable energy sector. The market was valued at USD 169.1 million
Energy industries
In recent years, Korea's capital market has witnessed a disturbing trend of poor shareholder returns, leading to declining investor trust. This phenomenon has been exemplified by cases of conglomerates listing their subsidiaries, only to see the parent company's stock price plummet. Long-term investors who once believed
