CATL

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.

CATL continued to rank first in July with a 47.19 percent share, but down from 49.6 percent in June. BYD's share was 25.23 percent, its second highest on record.

CATL has supplied Yutong with a cumulative total of 19 GWh of power batteries used in nearly 150,000 new energy buses.

LG Energy Solution ranked second with a 14.4 percent share and BYD ranked third with an 11.8 percent share, according to SNE Research.