CATL

Dongfeng Peugeot-Citroën's Dongfeng Fukang ES600 sedan will have a variant that can use EVOGO's battery swap service.

CATL reported a gross margin of 19.27 percent in the third quarter, which was significantly better than the 14.38 percent reported in the first quarter, although lower than the 21.85 percent in the second quarter.

CATL will exclusively supply batteries to Primergy's $1.2 billion Gemini PV and energy storage project.

CALB ranked third in September with a 6.16 percent share, while Gotion High-tech ranked fourth in September with a 4.33 percent share.

In the first three quarters, CATL expects a net profit of RMB 16.5 billion to 18 billion, up 112.87 percent to 132.22 percent year-on-year.

With the rapid development of the global new energy industry, power and energy storage battery shipments will enter the "TWh" era in the coming years, CATL said.

CATL is evaluating the expansion of its EVOGO battery swap product into Europe and considering building a third factory there, latest reports say.

FlexGen was previously appointed as an authorized service provider to CATL and the two have worked together on more than 2.5 GWh of energy storage system projects.

The MTB technology integrates the battery module directly into the vehicle's bracket or chassis, allowing for a 40 percent increase in battery system utilization and a 10 percent weight reduction.

CATL will supply BMW with new cylindrical cells with a standard diameter of 46 mm, which will be produced at two battery plants in China and Europe.