CATL

The move by CATL is a rare step amid sluggish Chinese economic growth and widespread layoffs.

CATL and BYD collectively installed 513.1 GWh of EV batteries in January-October 2025, accounting for 55.0 percent of the global total.

About 2,000 Chinese workers will participate in the factory's construction, with production expected to start by late 2026, according to Reuters.

CATL's first battery swap station in Hong Kong is set to start operations soon, with the company planning to expand to six stations by the end of 2026.

This marks the first integrated sea-air solution in the eVTOL sector, extending eVTOL infrastructure to water areas.

CATL has drawn up a preliminary plan to restart its Jianxiawo lithium mine in Yichun by early December, Bloomberg reported.

CATL's fifth-generation LFP batteries have achieved new breakthroughs in energy density and cycle life, according to its chairman Robin Zeng.

CATL's market share in October increased by 0.19 percentage points compared to September, while BYD's share grew by 0.22 percentage points.

CATL and GAC will deepen long-term cooperation in battery rental and joint station construction to fully advance CATL's Choco-Swap ecosystem.

Representatives from several Chinese automakers visited CATL headquarters to secure battery capacity before the rollback of NEV purchase tax incentive.