Learn more about the latest in new battery technology and discover the next generation in battery and energy storage with expert analysis by Power Systems Research analysts.
Heli Industrial Vehicles (Thailand) Co., Ltd.’s broke ground for its industrial vehicle assembly and lithium battery pack production factory at the Navaan Nong Khuang Industrial Park in Chonburi Province, Thailand Nov. 27, 2025.
To consolidate and expand its leading position in the global market, actively advance its global strategic layout, and build a global production and supply system, Anhui Heli Co., Ltd. has established a strategic partnership with Siam Motors Parts Co., Ltd., a local Thai enterprise, to jointly establish Heli Industrial Vehicles (Thailand) Co., Ltd.
Through this joint venture, the two parties will co-invest in building a new manufacturing base in Thailand, creating an integrated production and sales platform for industrial vehicle complete machines and lithium battery systems.
China is replacing its diesel trucks with electric models faster than expected, potentially reshaping global fuel demand and the future of heavy transport. In 2020, nearly all new trucks in China ran on diesel. By the first half of 2025, battery-powered trucks accounted for 22% of new heavy truck sales, up from 9.2% in the same period in 2024, according to Commercial Vehicle World, a Beijing-based trucking data provider. The British research firm BMI forecasts electric trucks will reach nearly 46% of new sales this year and 60% next year
Heavy trucks carry the lifeblood of modern economies. They also contribute significantly to global emissions of carbon-dioxide: In 2019, road freight generated a third of all transport-related carbon emissions. Trucking has been considered hard to decarbonize since electric trucks with heavy batteries can carry less cargo than those using energy-dense diesel
China has developed EV battery technology using all-solid-state batteries that may be the key to unlocking longer range, faster charging, and overall, more EVs.
According to a report from China Central Television (CCTV), scientists achieved three breakthroughs that could be key to unlocking the next-generation battery tech and allow a 100 kg battery pack to deliver over 1,000 km (620 miles) of range.
PSR Analysis: It’s great to see progress in solid state battery technology leading to cutting weight and cost, increasing usable space inside the vehicle and improving handling and efficiency. But the key here is that it isn’t who makes it first, it’s who makes it better, cheaper and more efficiently, and the likes of CATL and BYD have proved that they make it better. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
Lithium metal batteries have become the cornerstone for future power systems due to their high energy storage capacity. Now, Chinese scientists have developed a new battery system that could enable lithium cells to operate safely for thousands of hours, an advance that could lead to better batteries for electric vehicles and power grids.
However, the current liquid electrolytes in these cells pose several risks, including leakage and combustion, and the growth of lithium metal inside batteries into needle-like or branch-like structures during charging (called dendrites), can compromise battery safety and performance.
All-solid-state batteries may be the key to unlocking longer range, faster charging, and overall, more efficient electric vehicles. While America steps back from EVs, scientists in China have made a series of breakthroughs, and overcome several hurdles that have been holding the new EV battery tech from hitting the market.
According to a report from China Central Television (CCTV), scientists achieved three breakthroughs that could be key to unlocking the next-generation battery tech and allow a 100 kg battery pack to deliver over 1,000 km (620 miles) of range.
In the November 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on General Motors halting production of Hydrogen fuel cells; China develops all-solid-state EV batteries with 620 mile range; plummeting battery prices will push BEVs below parity soon, and Chinese battery breakthrough could extend lithium cell lifespan by 9,000 hours. Read these articles and more in the November Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
In the September 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on another major OEM dropping EV plans, an article on falling battery prices, a new more powerful and flexible EV battery from CATL, India’s EV pickup revolution and much more. Read the September Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
Yet another big name in automaker is pulling back on its EV plans, blaming slower than expected demand for electric vehicles. Volkswagen’s luxury sports car brand, Porsche, has announced that it no longer plans to build EV batteries in-house.
Cellforce, Porsche’s high-performance EV battery company, will shrink and only focus on research and development, rather than production. In a statement, Porsche blamed “the slower ramp-up” of EVs and “challenging market conditions” in its biggest markets, the US and China, for the changes.
Porsche plans to continue offering internal combustion engine (ICE), hybrid, and all-electric options across every segment “well into the 2030s.”
The automotive industry is currently paying about US$ 63 (€54) per kilowatt-hour for LFP battery cells and US$ 68 (€58) per kilowatt-hour for NMC battery cells. Three years ago, when the price of battery-grade lithium was soaring into the stratosphere and supply chain interruptions were affecting industries around the globe, LFP batteries were costing manufacturers US$ 148 (€127) per kilowatt-hour, with NMC batteries costing US$ 164 (€140) per kilowatt-hour — both more than double their cost today.
At the Munich Motor Show, the global leader in electric vehicle batteries made its presence known. CATL introduced its Shenxing Pro, deeming it “the world’s first LFP battery to deliver a 758 km WLTP range.”
