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CATL files for listing in Hong Kong
CATL's listing, which is expected to raise at least $5 billion, will be the largest in Hong Kong in four years.
Global EV battery market share in 2024: CATL 37.9%, BYD 17.2%
CATL continued to remain the world's largest power battery maker in 2024, with a 37.9 percent share that is higher than the 36.6 percent in 2023.
CATL previews net income growth of up to 20% to RMB 53 billion in 2024
- CATL's net income in the fourth quarter is expected to be a record RMB 17 billion, an increase of 31.01 percent year-on-year and up 29.41 percent from the third quarter.
- CATL expects 2024 revenues to decline by 11.20 percent to 8.71 percent due to price reductions of its products in line with the decline in raw materials.
CATL expected to announce new European JV battery plant this year
CATL currently has battery plants in Germany and Hungary, and last month announced plans for a new joint venture battery plant in Spain with Stellantis.
CATL breaks ground on its 1st battery swap station in HK
FAW Hongqi's E-QM5 based on CATL's battery swap solution will be put into service as an electric cab in the Hong Kong market.
China EV battery installations in Dec: CATL share at 45.48%, BYD 23.19%
- In December, China's power battery installed capacity was 75.4 GWh, up 57.3 percent year-on-year and up 12.2 percent from November.
- For the full year of 2024, CATL ranked first with 45.08 percent share, BYD ranked second with 24.74 percent share, and CALB ranked third with 6.68 percent share.
SAIC to make battery swap-enabled models based on CATL's solution
SAIC will develop and sell battery swap-enabled models, while CATL will lead the development and iteration of battery blocks.
Svolt unveils EV battery that can charge from 10% to 80% in less than 9 minutes
- Svolt unveiled its Fengxing Short Blade Battery with a 6C charging multiplier, which it said can charge from 10 percent to 80 percent in just 8.5 minutes.
- It also unveiled its first battery built specifically for off-road models, already used in the Tank 500 Hi4-Z.
JAC EV unit to build models based on CATL's skateboard chassis
JAC Yiwei will prioritize the adoption of CATL's CIIC-S platform for its passenger car program, which involves battery swap-enabled models, BEVs and EREVs.
CATL signs deal with FAW Jiefang to drive electrification of commercial vehicles
CATL signed a deal with FAW Jiefang to drive electrification in commercial vehicle transportation sector.