CATL

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.

CATL has moved up the mass production shipments of the Qilin Battery to the end of this year instead of the previously mentioned 2023, according to local media.

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.