Xiaomi Takes 5.34% Stake in Sunwoda EVB, Joins Li Auto as Third-Largest Shareholder
Xiaomi invested RMB 1.7B ($255.21M) for a 5.34% stake in Sunwoda EVB, joining Li Auto (11.17%) as a major shareholder.
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Xiaomi Teams With CALB and Sunwoda on Longjia Battery
Xiaomi will lead Longjia battery pack development with CALB and Sunwoda Power. The new battery is planned for its upcoming SkyNomad SUVs.
CATL Holds 39.9% of Global EV Battery Market in H1 2026
Global EV battery use reached 608.5 GWh in H1 2026, up 20%. CATL led with a 39.9% share, while BYD ranked second at 14.4%.
CATL, CALB Join Push to Cap Supplier Payment Terms at 60 Days
China’s power battery industry is moving to standardize supplier payment practices, following similar commitments made earlier by automakers.
Volvo Recalls 2,501 EX30 SUVs in China Over Battery Defect Risk
Volvo’s EX30 recall affects 2,501 Chinese vehicles due to battery issues, highlighting broader quality concerns across Geely’s brands.
Global EV Battery Installations Hit 244.6 GWh in Q1: CATL Holds 40.7%, BYD 13.7%
Global electric vehicle battery installations increased to 244.6 GWh in Q1, with China dominating the market significantly.
Geely’s Polestar Recalls 1,473 Polestar 4 EVs in China Over Battery Defects
Geely’s Polestar will recall 1,473 Polestar 4 EVs due to battery defects, implementing replacements and monitoring for safety.
Tesla Adds Sunwoda as Fifth Battery Supplier for Export Models
Sunwoda Power has become Tesla’s fifth battery supplier, shifting to direct cell sourcing to optimize costs and enhance market positioning.
Sunwoda Reaches Settlement With Geely-Backed VREMT, Sees Over $72M Profit Hit in 2025
Sunwoda expects the settlement to impact its net profit attributable to shareholders in 2025 by RMB 500–800 million ($72–115 million).
China Electric Heavy-Duty Truck Penetration Tops 20% in 2025, CATL Leads in Battery Supply
On the battery front, LFP remains dominant, accounting for over 99% of installations, while CATL retained the top supplier position with a 60% share, followed by EVE Energy, REPT Battero and BYD.
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