CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.
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Category: Battery News
CATL plans to raise $1.5 billion fund to build its global supply chain, report says
The offshore fund will help CATL finance the corporate ecosystem needed to expand production in Europe and other foreign markets, according to the Financial Times.
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China EV battery installations in Jun: CATL’s share 45.06%, BYD 25.32%
CATL's share increased by 1.19 percentage points in June compared to May, while BYD decreased by 3.65 percentage points.
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China battery prices face downward pressure as lithium prices continue to fall, says TrendForce
TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.
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CATL launches commercial vehicle battery brand Tianxing and 2 battery packs
The Tianxing L-series battery packs have already been mass-produced and have been selected for 21 models from 13 automakers.
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Global EV battery market share in Jan-May 2024: CATL 37.5%, BYD 15.7%
CATL continues to be the world's largest battery maker in Jan-May, but share continued to decrease, while BYD continues to increase its share.
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Sunwoda expects all-solid-state battery costs to fall to levels near semi-solid-state batteries by 2026
Nio president previously mentioned that its 150-kWh semi-solid-state battery pack costs about the same as an ET5, which starts at RMB 298,000.
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Eve Energy’s US JV breaks ground on battery plant in Mississippi
The joint venture will produce square LFP batteries for selected North American commercial vehicle applications with an annual capacity of about 21 GWh.
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‘World’s largest’ sodium-ion battery energy storage project goes into operation in China
The energy storage station can store 100,000 kWh of electricity on a single charge, which can meet the needs of around 12,000 households for a day.
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Geely releases new LFP battery with fast charging and energy density of 192 Wh/kg
Geely's Aegis Short Blade Battery will first be used in the Galaxy E5 all-electric SUV.
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