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Jan 7, 2025 | 
news.bloombergtax.com | Lynn Doan |Chunying Zhang |Zheping Huang
The US has blacklisted Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office. CATL, a major supplier to Tesla Inc., joined Tencent on a Federal Register of entities deemed to have ties with the People’s Liberation Army.
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Dec 6, 2024 | 
bloomberg.com | Chunying Zhang
Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world. Three months ago, I arrived in London from Shanghai, where I’ve been covering China’s car market for around five years. My goal was to report more on how Chinese electric vehicle makers and suppliers were faring in Europe, given the trade tensions.
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Nov 24, 2024 | 
finance.yahoo.com | Charles Daly |Eyk Henning |Chunying Zhang |Wilfried Eckl-Dorna
(Bloomberg) -- For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate in a Chapter 11 filing less than six months later.
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Nov 24, 2024 | 
bloomberg.com | Charles Daly |Eyk Henning |Chunying Zhang |Wilfried Eckl-Dorna
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate in a Chapter 11 filing less than six months later. Northvolt scrambled to keep the financing flowing, but as Germany’s car industry fell deeper into its own crisis, it became clear orders would dry up.
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Nov 24, 2024 | 
flipboard.com | Charles Daly |Eyk Henning |Chunying Zhang |Wilfried Eckl-Dorna
1 day agoOn the edge of the Arctic Circle, thousands of employees at Northvolt trudged to work on Friday morning, braving snow, slush and winter darkness, facing an uncertain future. The company’s giant gigafactory, in the Swedish town of Skellefteå, remains operational for now. But on Thursday night, at a …
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Nov 24, 2024 | 
news.bloomberglaw.com | Charles Daly |Eyk Henning |Chunying Zhang |Wilfried Eckl-Dorna
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate in a Chapter 11 filing less than six months later. Northvolt scrambled to keep the financing flowing, but as Germany’s car industry fell deeper into its own crisis, it became clear orders would dry up.
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Nov 24, 2024 | 
finance.yahoo.com | Charles Daly |Eyk Henning |Chunying Zhang |Wilfried Eckl-Dorna
(Bloomberg) -- For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate in a Chapter 11 filing less than six months later.
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Nov 19, 2024 | 
bnnbloomberg.ca | Chunying Zhang
(Bloomberg) -- China’s Contemporary Amperex Technology Co. Ltd. is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary. The world’s largest maker of EV batteries is discussing possible sites with European governments including Hungary, said Jason Chen, CATL’s regional operations chief.
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Nov 19, 2024 | 
bloomberg.com | Chunying Zhang
China’s Contemporary Amperex Technology Co. Ltd. is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary. The world’s largest maker of EV batteries is discussing possible sites with European governments including Hungary, said Jason Chen, CATL’s regional operations chief.
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Nov 19, 2024 | 
flipboard.com | Chunying Zhang
14 hours agoCATL bets big on robotics as it looks beyond batteriesIt’s no secret that automakers love robots. From investing in robotics startups to building their own, car manufacturers have been exploring robots …21 hours agoCATL's New Sodium-Ion EV Battery Works In -40 Degree ColdCATL's second-generation sodium-ion cells can reportedly discharge normally even at -40 degrees Celsius (-40F as temperature scales converge).
