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CATL to report record profit in 2024 despite revenue decline amid lithium price slump

TechNode

Why it matters: Despite this, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015, due to the lithium price squeeze that has been shaking up the industry since hitting its peak in late 2022. Its sales volume grew a bit last year, according to a securities filing.

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Exclusive look at patent filings reveals Our Next Energy’s plans for a no-compromise EV battery pack

TechCrunch

At the same time, existing lithium-ion battery technology is improving, just not fast enough. As automakers bet their futures on electric vehicles, they’re beginning to confront the hard realities of economics and physics. Prices for nickel and cobalt, two key elements used in EV batteries today, have skyrocketed, far outpacing inflation.

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The battery business is booming and Zeekr kicks off its IPO roadshow

TechCrunch

Just take a look at Swedish lithium-ion battery producer Northvolt. Other deals that caught my attention … Accure , a startup that uses AI to predict lithium-ion battery failures, raised $7.8 Climate-tech fund Blackhorn, lithium-mining giant SQM and mobility-focused investor Proeza also participated. Vroom vroom!

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Fisker wants to use Volkswagen’s EV platform to power its electric SUV

The Verge

The presentation was one of many pages of documents filed with the Securities and Exchange Commission by the publicly listed company Fisker Inc. Mobile, fell apart after the small startup became insolvent. Fisker Inc. But it is also open to partnering with startups. The first attempt, with Germany’s e.Go

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The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins

TechCrunch

Mobile , the German manufacturer of compact EVs, is going public through a merger with blank-check company Athena Consumer Acquisition Company at $913 million valuation that includes debt. The company said in a regulatory filing that it has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues.

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China’s Dongfeng to launch Tesla Model Y rival with Huawei’s assisted driving tech

TechNode

It will also be produced in a joint plant set up with Nissan, as fierce competition has put downward pressure on the Japanese firm, a regulatory filing has shown. meters, according to the registration filings released by Chinas Ministry of Industry and Information Technology (MIIT). The five-seater SUV measures 4.7

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Huawei, Xiaomi, and Geely’s new EVs have details leaked on Chinese government site

TechNode

Below are highlights from the registration filings released for public review by Chinas Ministry of Industry and Information Technology (MIIT) on Tuesday, giving critical details of the models ahead of their official launches. Analysts expect the car to be launched in June for between RMB 300,000 and RMB 500,000 ($41,730-$69,550).