CATL

CATL's capacity utilization was 83.4 percent in 2022, down from 95 percent in 2021.

CATL's RMB 6.4 billion restructuring proposal was approved unanimously by lithium miner Sinuowei's creditors, according to local media.

CATL's battery installations rose 6.5 percent year-on-year in January, below the industry's growth rate of 18.1 percent.

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.

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.

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.

As a beneficiary of the current era and an industry leader, CATL has a responsibility to maintain a good industry ecology, not bully the weak, he said.

This is CATL's first direct partnership with an asset management company that operates energy storage projects, and the two will work to expand the partnership to 10 GWh.

The first production line at CATL's plant in Thuringia, Germany, went into operation and the installation and commissioning of the remaining lines are in full swing.

Construction of the Yibin-based project begins in October 2020 with a planned annual capacity of 15 GWh.