CATL

The plant is expected to have a total battery capacity of 15 GWh, enough to power 250,000 to 300,000 vehicles.

CATL has already talked with carmakers about using battery swap technology in Europe, said its board secretary Jiang Li.

CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.

As of the end of May, Li Auto had delivered a cumulative total of 1,301,531 vehicles.

The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.

CATL and BYD's combined EV battery installations in January-April totaled 171 GWh, accounting for 55.4 percent of the global total.

CATL and Maersk subsidiary APM Terminals will accelerate the electrification of container handling equipment with high-performance batteries.

Changan has delivered the first 1,000 units of Oshan 520 sedan built on CATL's battery swap standard for use as cabs.

Listing in Hong Kong means wider integration of CATL into the global capital markets, its chairman said.

CATL rose about 8 percent to HK$284 in Hong Kong gray market trading as of press time.