The electric vehicle maker is aiming to build a facility to produce its Blade Battery, which it claims is safer than other alternatives in the market
Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers
The China Aviation Lithium Battery Co plans to use the proceeds to build new battery production lines
China's zero-Covid policy, which has snarled supply chains and hurt production, prompted LGES to seek EV-battery factory sites elsewhere in Asia
The company said it would establish an advanced energy materials research institute and a new energy technology industrialisation research centre in Beijing
Elon Musk, its chief executive, has demanded the company ramp up battery production, especially of its so-called 4680, denoting the diameter (46mm) and height (80mm)
Two BYD customers said they and others questioned why BYD had instructed dealers to replace batteries in their cars which were not subject to the recall
The company said it would accelerate production of ethyl methyl carbonate (EMC) and diethyl carbonate (DEC) - two types of electrolyte solvents
The agreement with the US carmaking giant comes on the heels of similar deals with Tesla and South Korean battery maker LG Energy Solution
LGES, South Korea's biggest player in the booming market for EV batteries, counts Tesla, General Motors and Volkswagen among its customers.
The A$76 million ($52 million) investment would make Stellantis the company's second-largest investor with an 8% holding
The first model that will roll off is the i3, a mid-sized sports sedan, increasing the range of its EV models for Chinese customers to 13 next year