CATL

CATL and Volkswagen will jointly develop cost-competitive battery products and cooperate in areas including battery recycling and battery swap.

CATL's share grew by 1.6 percentage points in January from December, while BYD saw its share drop by 0.29 percentage points due to lower NEV sales.

CATL's listing, which is expected to raise at least $5 billion, will be the largest in Hong Kong in four years.

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's net income in the fourth quarter is expected to be a record RMB 17 billion, up 31.01 percent year-on-year and up 29.41 percent from the third quarter, CnEVPost calculations show.

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.

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.

For the full year of 2024, CATL ranked first with a 45.08 percent share, BYD was second with 24.74 percent, and CALB was third with 6.68 percent.

SAIC will develop and sell battery swap-enabled models, while CATL will lead the development and iteration of battery blocks.

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.