Battery

BYD and Tsingshan are backing out of multimillion-dollar plans to build lithium cathode plants in Chile, according to Reuters.

CATL and BYD's combined EV battery installations in January-March amounted to 121.9 GWh, accounting for 55.0 percent of the global market.

CATL's joint venture in Indonesia plans to build a battery cell manufacturing plant with an annual capacity of 15 GWh.

CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.

CATL has showcased its latest innovations ahead of the Shanghai auto show, as it tries to push the "boundaries" even further.

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.

BYD's share increased by 0.90 percentage points in March from February, while CATL's fell by 2.07 percentage points.

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.

CATL and Sinopec will work together to build energy replenishment networks for passenger cars and heavy-duty trucks.

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.