Battery

CATL was listed in Hong Kong on May 20, 2025, and has since risen 75% cumulatively, with a market capitalization of HK$2.36 trillion ($302 billion).

CATL's domestic battery installations in China totaled 20.91 GWh in January, ranking first in the overall market, LFP battery segment, and ternary battery segment.

LFP batteries maintained their dominant position, accounting for 32.7 GWh of installations in January — 77.7% of the total.

The battery cells achieve an energy density exceeding 500 Wh/kg, with the battery pack capacity reaching 142 kWh.

The collaboration will focus on joint R&D of high-performance materials for next-generation solid-state batteries, covering multiple core materials.

BYD said that the mass production timeline for its sodium-ion batteries will be determined based on market and customer demand.

Sunwoda expects the impact on its 2025 net income to range from RMB 500 million ($72 million) to RMB 800 million.

CATL and Changan jointly unveiled a passenger vehicle model equipped with sodium-ion batteries, slated for market launch in mid-2026.

CATL and BYD's combined EV battery installations in 2025 came in at 659.5 GWh, accounting for 55.6% of the global total.

Changan said it will collaborate with CATL to address mobility challenges in cold winter weather.