Battery

Maersk will become CATL's preferred global logistics partner, providing integrated services including ocean freight, air freight, project logistics, and warehousing.

CATL's Jianxiawo mine has received reserve approval, bringing it one step closer to restarting production, Bloomberg reported.

CATL is set to launch its new 8-series high-nickel batteries next year, which will be used in EREV models from leading EV startups.

Its blade batteries deliver a maximum capacity of 2,710 Ah, more than 300 percent higher than conventional energy storage batteries.

Li Auto and CATL will also collaborate to expand domestic and international operations, jointly advancing battery technology innovation and global deployment.

China aims to install over 180 million kW of new energy storage capacity by 2027, driving about RMB 250 billion ($35 billion) in direct project investment.

CATL's August share increased by 0.95 percentage points compared to July, while BYD's share decreased by 0.34 percentage points.

Following the production halt at the CATL lithium mine on August 10, China's lithium carbonate prices surged by 24 percent at one point.

The facility is CATL's second European plant besides its German operation, with an annual capacity target of 100 GWh.

The Shenxing Pro is the first product featuring CATL's latest NP 3.0 technology, targeting Europe's EV market with high safety, ultra-fast charging, and long range.