CATL

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.

CATL signed a deal with FAW Jiefang to drive electrification in commercial vehicle transportation sector.

CATL and BYD continued to hold the top two positions as the world's largest battery makers in January-November, with the former's share unchanged from January-October and the latter increasing slightly.

CATL plans to complete its listing in Hong Kong within 18 months at the right time and offering window.