CATL

The project, with an investment of 7.34 billion euros and a planned capacity of 100 GWh, will start construction of its first building within the year.

One out of every three new NEVs added worldwide is loaded with the CATL's batteries.

Condensed battery cells have features including high safety, reliability and good cycle life, said Wu Kai, CATL's chief scientist.

In addition to Zeekr, the Huawei-backed AITO brand will also be one of the first to use the Qilin Battery.

CATL will hold a press conference on August 27 from 15:30-16:30 Beijing time to announce the vehicles that will be using Qilin Battery.

In the first half, CATL's gross margin was 18.68 percent, up 4.2 percentage points from 14.48 percent in the first quarter.

The joint venture aims to create a new energy truck ecosystem to help cities' electrification transition, CATL said.

Xiaomi Auto's first car will offer two spec options, with the lower model using BYD batteries and the higher model using CATL's batteries, according to local media.

Power crunches are occurring in parts of China amid persistent hot weather, rekindling memories of a similar situation last September.

Nio's battery swap station plant in Hungary will be operational in September, about two hours from CATL's planned battery production base in the country.