CATL

CATL is in the final stages of reviewing locations for EV battery production in the US, Reuters reported.

Looking at future capacity demand and the company's current capacity profile, it has a capacity gap of no less than 390 GWh by 2025, CATL said.

The Qilin battery has a 13 percent higher energy density than a large cylindrical battery with the same electrochemical system, CATL said.

As for the specifics, the impact of worker training, efficiency, labor unions and other factors on quality and cost need to be taken into account.

At press time, CATL was down 8.64 percent on volume that hit a single-day high since its 2018 IPO in less than half a trading day.

CATL shipped 33.3 GWh in the first quarter, with a 35 percent share, up from 34.4 percent at the end of February.

CATL is very cautious when it comes to prices in order to maintain a healthy industry, but prices have risen too quickly this year, an executive said.

CATL's operating costs rose 199 percent year-on-year to RMB 41.6 billion in the first quarter due to rapidly rising upstream raw material prices.

An executive from Huawei's intelligent vehicle solutions BU has joined CATL to head up the CTC battery-chassis integration business, according to local media.

The two will develop battery swap-enabled models based on the Aiways U5 and plan to bring it to market in the fourth quarter of 2022.