CATL

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.

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.

CATL plans to launch a second-generation Qilin Battery with a 6C charging multiplier in the second half of 2024, and BYD's second-generation Blade Battery could also be launched in the second half of the year, with a 6C battery in the works.

CATL continued to be No. 1, but with a slight decrease in share from Jan-March. BYD remained in second place and increased its share.

The two companies have agreed to engage in a comprehensive strategic partnership from 2025-2034, with Neta making CATL its preferred partner for vehicle power batteries.

CATL's efforts to expand overseas markets are now being personally led by its chairman, and the company will add two additional overseas plants to the six it has previously disclosed, according to local media.

CATL's share in April decreased by 0.22 percentage points from March, while BYD's increased by 1.58 percentage points.

CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.

In a recent wide-ranging interview with CnEVPost, a CATL spokesperson talked about the company's overseas partnership model and its layout for new technologies.

CATL aims to produce all-solid-state batteries in small batches by 2027, but high-volume production will still face challenges including cost, an executive said.