CATL

While there are other players who will rely on low prices to compete for market share, CATL has the lowest costs and highest reliability of supply, it said.

Nine former CATL employees joined two affiliated companies of Svolt Energy, and CATL believes that the individuals violated their non-compete agreements, according to local media.

A series of malicious rumors about CATL being sanctioned by the US, being removed from the ChiNext index, and failed negotiations with Tesla have sparked market misunderstandings, it said.

Although the rumor did not spread widely, CATL shares traded in Shenzhen plunged 6.66 percent at the close of trading.

CATL's share of the global power battery market reached 32.6 percent in 2021, up 8 percentage points from 24.6 percent in 2020.

The growth is mainly due to increased penetration in the NEV and energy storage markets in 2021, boosting battery sales.

The battery swap station has been in place for over a month and is not yet open for business.

CATL said its battery swap service can be adapted to 80 percent of the world's vehicles already on the market and those to be launched in the next three years on pure electric platforms.

Solid-state battery technology is constrained by cost economics, performance indicators, and industry chain support, CATL said.

CATL's full-year power battery installation in China in 2021 was 80.51 GWh, capturing 52.1 percent of the market.