CALB

Cornerstone investors, including Xpeng and Tianqi Lithium, have agreed to subscribe for a total of about HK$5.8 billion in CALB shares.

CALB said it has previously been the preferred supplier for Xpeng's P7 and P5 sedans, is the main supplier for the G3i, and is now supplying batteries for the G9.

CATL continues to rank first with a 46.79 percent share, while BYD continues to rank second with a 21.91 percent share.

From January to July, BYD's global share remained lower than LG Energy Solution, with the two at 12.6 percent and 14.2 percent respectively.

ALPS has adopted an open partnership stance, not only bringing in CALB and FinDreams, but also approaching battery makers including Eve Energy and Svolt Energy.

CATL continued to rank first in July with a 47.19 percent share, but down from 49.6 percent in June. BYD's share was 25.23 percent, its second highest on record.

LG Energy Solution ranked second with a 14.4 percent share and BYD ranked third with an 11.8 percent share, according to SNE Research.

CATL gained more share in June, as its major customers saw their output further return to normal.

CATL and BYD's share of the China power battery market returned to their respective normal levels in May, after a Covid disruption in April narrowed their gap significantly.

CATL is now seeking more than RMB 510 million in damages from CALB, a 176 percent increase from the previous RMB 185 million.