Battery

CATL's share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points.

CATL is in talks to buy photovoltaic module supplier DAS Solar, which ranked No. 8 globally in PV module shipments in the first half of this year, according to local media.

CATL and BYD continue to hold the top two spots as the world's largest battery makers in January-July, with several other Chinese companies in the top 10.

By the end of this year, an eVTOL powered by CATL batteries is expected to make its maiden flight, the battery maker's chairman said.

In the short term, CATL aims to have more than 500 battery swap stations by 2025 and 3,000 by 2027.

Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.

CATL's first experience center opened today, bringing together nearly 100 models from about 50 automotive brands it ramps up its engagement with consumers.

CATL's share increased by 2.24 percentage points in July compared to June, while BYD decreased by 2.49 percentage points.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in the first half of 2024, both increasing their share slightly from January-May.

Demand for power batteries in China was steady overall in July, but battery material costs continued to fall, resulting in a slight downward trend in battery cell prices, TrendForce said.