CATL
CATL to reach new price agreement with automakers as soon as end of Mar, report says
The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today.
CATL, BAIC sign deal to jointly develop battery products
CATL will participate in the vehicle development and production of BAIC-affiliated NEV companies, and provide power battery products and services.
China Feb EV battery installations: Total volume up 36% from Jan, CATL share down slightly
BYD's share in February was essentially unchanged from January, while CALB's share grew significantly.
CATL confirms it's negotiating new prices with EV makers
CATL's lithium sharing program is not for price reduction purposes, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said.
CATL sees Q4 net profit up 39% QoQ, gross margin improves further to 22.57%
CATL's capacity utilization was 83.4 percent in 2022, down from 95 percent in 2021.
CATL takes over Chinese lithium miner to lock in more material supplies
CATL's RMB 6.4 billion restructuring proposal was approved unanimously by lithium miner Sinuowei's creditors, according to local media.
CATL's share in global EV battery market slips in Jan, BYD rises
CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.
CATL's capacity utilization sliding, report says
For power battery makers, it's important to keep production lines running consistently, so a price war for batteries is long expected, industry watchers said.
CATL reportedly cutting battery costs significantly for some clients including Nio, Li Auto
The program is only available to a few strategic customers, including Nio, Li Auto, Huawei and Zeekr, and Tesla is not included, according to local media.
Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology
CATL will provide technology and service support for the production of the LFP battery plant, while Ford will be responsible for cell and vehicle integration.