A wave of consolidation has swept across China’s battery industry, leading to cancelled investments and the exits of smaller players even as leaders CATL and BYD push ahead with their expansion plans. In the first seven months of the year, 19 battery gigafactory projects were cancelled or postponed in China, according to London-based research firm Benchmark Mineral Intelligence.
In April, Nanfang Black Sesame Group, China’s largest puréed foodmaker, told investors that it had suspended its planned $3.5bn battery project in the eastern province of Jiangxi, citing “profound changes” in the new energy market landscape. The group had only last year announced a pivot to energy storage. “The company will not act too hastily . . . and wait for our best chance to execute to avoid higher investment costs and related losses,” it said in a stock exchange filing.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kazakhstan Now Seeks $160B from International Oil CompaniesKazakhstan's legal battle against international oil majors involved in the Kashagan oil field has intensified, with the nation's claims now exceeding $160 billion.
Herkunft: OilandEnergy - 🏆 34. / 68 Weiterlesen »
A Look at the World's Top 15 Silver-Producing CompaniesDiscover the world's top silver-producing companies, industry trends, challenges, and forecasts for 2024 in this comprehensive overview of silver's global impact.
Herkunft: OilandEnergy - 🏆 34. / 68 Weiterlesen »
New Strictly star Pete Wicks shuts down two companies with £1m debt ahead of show debut...Strictly's Pete Wicks shuts down two companies with £1m debt
Herkunft: TheSun - 🏆 64. / 61 Weiterlesen »
'It's war': Elon Musk's X sues companies for not advertising on its platformThe social media network, formerly known as Twitter, claims firms unlawfully conspired to boycott the site, causing it to miss out on 'billions of dollars' in revenue.
Herkunft: SkyNews - 🏆 35. / 67 Weiterlesen »
Shanks seeks school transport cut solution with help from seven bus companiesThe former teacher has written to bus companies to find a solution before South Lanarkshire Council makes its final decision.
Herkunft: Daily_Record - 🏆 9. / 89 Weiterlesen »
Water companies face a record £168m combined fine for sewage spillsThe water regulator said it has uncovered a 'catalogue of failure'
Herkunft: i newspaper - 🏆 8. / 89 Weiterlesen »