CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.
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Category: Battery News
China EV battery installations in Mar: CATL share 42.38%, BYD 24.52%
BYD's share increased by 0.90 percentage points in March from February, while CATL's fell by 2.07 percentage points.
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Global EV battery market share in Jan-Feb 2025: CATL 38.2%, BYD 16.9%
CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.
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CATL, oil giant Sinopec to jointly build over 500 swap stations this year, with long-term goal of 10,000
CATL and Sinopec will work together to build energy replenishment networks for passenger cars and heavy-duty trucks.
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Hina releases sodium-ion battery solution for commercial cars, able to be fully charged in 25 minutes
The energy density of the battery cells used in the solution exceeds 165 Wh/kg, and they can be charged to 100 percent in 20-25 minutes, Hina said.
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CATL’s planned HK listing gets green light from Chinese mainland securities regulator
CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
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Thailand approves Sunwoda’s $1 billion investment in EV battery cell plants
Sunwoda's first plant in Thailand, located in Chonburi Province, will produce lithium-ion battery cells for EV makers.
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BYD signs deal to build energy storage project with capacity of up to 1.6 GWh in Poland
BYD's energy storage unit has signed an agreement with Poland's Greenvolt Power to develop a battery energy storage system project in the European country.
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Changan aims to have all-solid-state batteries in prototype cars by end of 2025, offering over 1,500 km of range
Changan aims to validate solid-state batteries in vehicles by 2026, and then move forward with mass production of all-solid-state batteries by 2027.
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China EV battery installations in Feb: CATL share at 44.45%, BYD 23.62%
BYD's share grew in February as NEV sales rebounded, while CATL saw a small decline.
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