Battery

CATL's net income reached 72.2 billion yuan ($10.4 billion) in 2025, and it announced a generous cash dividend plan.

BYD will produce both generations of blade batteries, aiming to provide customers with more options and maintain pricing flexibility.

GAC Aion will launch a battery swap version of the Aion RT in April, while BAIC Arcfox is set to unveil a battery swap sedan.

The combined EV battery installation volume of CATL and BYD in January was 42.4 GWh, accounting for 59.0% of the global total.

The Yangwang U7 will be the first to feature the second-generation blade battery, achieving a pure electric range of 1,006 kilometers.

Gotion is accelerating the commercialization of its next-generation batteries, with the design work for its 2-GWh all-solid-state battery line now largely complete.

Changan said its solid-state battery project is progressing steadily, with plans to validate the technology in robots and vehicles by the third quarter of this year.

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.