CATL
CATL sees profit up in Q2, gross margin flat
CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.
CATL plans to raise $1.5 billion fund to build its global supply chain, report says
The offshore fund will help CATL finance the corporate ecosystem needed to expand production in Europe and other foreign markets, according to the Financial Times.
CATL launches commercial vehicle battery brand Tianxing and 2 battery packs
The Tianxing L-series battery packs have already been mass-produced and have been selected for 21 models from 13 automakers.
Global EV battery market share in Jan-May 2024: CATL 37.5%, BYD 15.7%
CATL continues to be the world's largest battery maker in Jan-May, but share continued to decrease, while BYD continues to increase its share.
CATL expects its batteries to power electric aircraft with up to 3,000 km range
CATL has successfully test flown a 4-ton civil electric aircraft and expects to release an 8-ton electric aircraft in 2027-2028.
CATL, Rolls-Royce tie up to bring Tener energy storage system to Europe
The Tener energy storage system has been integrated into Rolls-Royce's mtuEnergyPack QG solution.
CATL reshuffles team, gives equal focus to overseas business as domestic
CATL has reorganized all of its more than 40 factories into domestic and overseas regions, which were previously under six regions.
CATL, BAIC form partnership on skateboard chassis and battery swap
In the field of battery swap, CATL and BAIC will cooperate in areas including development of battery swap models with battery blocks, distribution of battery blocks, and battery data management.
CATL starts construction of production base in Beijing to supply Xiaomi, BAIC, Li Auto
The production base, when completed, will supply battery products to carmaker customers in Beijing, Tianjin and Hebei, including BAIC, Xiaomi and Li Auto, CATL said.
China EV battery installations in May: CATL's share 43.87%, BYD 28.97%
CATL's share of China's EV battery market declined further in May, while BYD continued to increase, as the latter's NEV sales grew further.
