CATL

Both CATL and BYD saw their shares in the overall market decline in February, as smaller rivals gained ground.

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

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.

BMW and CATL will launch pilot projects for trusted data exchange and carbon footprint accounting under the Battery Passport framework.

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.

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.