Latest news with #Jiemian
The Star
19-05-2025
- Automotive
- The Star
Half of China's heavy truck sales may be EVs by 2028
REUTERS/Dado Ruvic/Illustration/File Photo BEIJING: Half of China's sales of heavy trucks could be electric vehicles (EVs) by 2028, up from 10% in 2024, the chairman of battery maker CATL says, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in the trucking sector, already hit by the rise of liquefied natural gas trucks in China. CATL announced on Saturday it had put a 60GWh energy storage and EV battery manufacturing base into production in Shandong, its first such facility in northern China. A second and third phase of the project will be added in the next two years, forming an energy industry battery cluster worth billions of yuan in the region, CATL posted on the WeChat social media app. Shandong is aiming to build a 100 billion yuan (US$14bil) lithium battery industry by this year, encompassing electrode materials, electrolytes, battery cells and assembly, a local government notice last year showed. — Reuters Trading ideas: Samaiden, Gamuda, Hextar Capital, Pekat, Magma, ACME, MRCB, Avillion, EG, Paradigm REIT, Maxis, CSC, PIE
Time of India
19-05-2025
- Automotive
- Time of India
‘Half of China's trucks may be EVs by 2028'
Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10per cent in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in the trucking sector, already hit by the rise of LNG trucks in China . CATL announced that it had put a 60 gigawatt-hour energy storage and EV battery manufacturing base into production in Shandong, its first such facility in northern China. A second and third phase of the project will be added in the next two years, forming an energy industry battery cluster worth billions of yuan in the region, CATL posted on the WeChat social media app. Shandong is aiming to build a 100 billion yuan ($14 billion) lithium battery industry by this year, encompassing electrode materials, electrolytes, battery cells and assembly.
Yahoo
18-05-2025
- Automotive
- Yahoo
Half of China's heavy truck sales could be EVs by 2028, CATL says
By Colleen Howe BEIJING (Reuters) -Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in the trucking sector, already hit by the rise of LNG trucks in China. CATL announced on Saturday it had put a 60 gigawatt-hour energy storage and EV battery manufacturing base into production in Shandong, its first such facility in northern China. A second and third phase of the project will be added in the next two years, forming an energy industry battery cluster worth billions of yuan in the region, CATL posted on the WeChat social media app. Shandong is aiming to build a 100 billion yuan ($14 billion) lithium battery industry by this year, encompassing electrode materials, electrolytes, battery cells and assembly, a local government notice last year showed. ($1 = 7.2090 Chinese yuan renminbi)
Time of India
18-05-2025
- Automotive
- Time of India
Half of China's heavy truck sales could be EVs by 2028, CATL says
Beijing: Half of China's sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in the trucking sector, already hit by the rise of LNG trucks in China . CATL announced on Saturday it had put a 60 gigawatt-hour energy storage and EV battery manufacturing base into production in Shandong, its first such facility in northern China. A second and third phase of the project will be added in the next two years, forming an energy industry battery cluster worth billions of yuan in the region, CATL posted on the WeChat social media app. Shandong is aiming to build a 100 billion yuan ($14 billion) lithium battery industry by this year, encompassing electrode materials, electrolytes, battery cells and assembly, a local government notice last year showed.
Yahoo
23-04-2025
- Automotive
- Yahoo
Carmaker GAC to take responsibility for safety of L4 autonomous cars, Jiemian reports
SHANGHAI (Reuters) -Chinese carmaker Guangzhou Automobile Group (GAC) said at the Shanghai auto show on Wednesday it would take responsibility for the safety of Level 4 autonomous driving vehicles, Chinese media outlet Jiemian reported. Level 4 models co-manufactured by GAC's new energy vehicle subsidiary Aion and ride-hailing giant Didi Global will be demonstrated in some areas of Guangzhou and Beijing next year, said Huang Yongqiang, a GAC executive, according to Jiemian. Sign in to access your portfolio
