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Nio partners with CATL to create world's largest battery swap network
Nio and CATL to build the world's largest battery swap service network, and Firefly's newly developed models will use CATL's Choco-Swap technology standard.
CATL posts record Q4 2024 net income, gross margin slips
CATL reported revenue of RMB 102.97 billion in the fourth quarter, down 3.08 percent year-on-year.
China EV battery installations in Feb: CATL share at 44.45%, BYD 23.62%
BYD's share grew in February as NEV sales rebounded, while CATL saw a small decline.
Global EV battery market share in Jan 2025: CATL 38.9%, BYD 16.9%
CATL and BYD's combined EV battery installations in January amounted to 35.9 GWh, accounting for 55.8 percent of the global total of 64.3 GWh.
CATL, Baidu tie up for collaboration including jointly making autonomous cars
CATL and Baidu will explore the use of CATL's batteries, battery swap products and services, and skateboard chassis in driverless vehicles.
CATL, VW sign MOU to deepen partnership
CATL and Volkswagen will jointly develop cost-competitive battery products and cooperate in areas including battery recycling and battery swap.
China EV battery installations in Jan: CATL share at 47.08%, BYD 22.90%
- CATL's share grew by 1.6 percentage points in January from December, while BYD saw its share decrease by 0.29 percentage points due to lower NEV sales.
- China's overall power battery installations was 38.8 GWh in January, up 20.1 percent year-on-year but down 48.6 percent from December.
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.
