CATL Archives - Page 3 of 9

CATL’s Q1 Net Profit Reaches $1.43B, Gross Profit Margin Exceeds 20%

On April 20th, CATL released an impressive first-quarter financial report. The report revealed that the company achieved an operating income of 89.038 billion yuan ($12.96 billion) in the first quarter of this year, which is an increase of 82.91% compared to last year's figures.

CATL and BYD Plan to Start Mass Production of Sodium-Ion Batteries Within This Year

Power battery manufacturer CATL will begin mass production of sodium-ion batteries for vehicles in the fourth quarter of this year. BYD's self-developed sodium-ion battery will also enter mass production later this year.

Frontline Workers of CATL Report A Decrease in Workload and Income

Many frontline workers at CATL, a Chinese battery giant, have reported reduced income and no work to do. As a result, some of these workers have opted to resign.

CATL Officially Releases Condensed Battery

On April 19th, CATL unveiled its innovative cutting-edge battery technology - Condensed Battery at the 2023 Auto Shanghai.

China’s CATL to Start Construction of Hungary Factory This Summer

Chinese energy battery giant CATL's battery factory in Debrecen, Hungary will officially begin construction this summer, with trial operations starting next year and production beginning in 2025.

CATL’s Sodium-ion Batteries to Be Used in Chery Vehicles

On April 16, CATL, a prominent battery company, announced that Chery vehicles will be equipped with its sodium-ion batteries. Additionally, the state-owned automobile manufacturer and CATL will collaborate to launch a new battery brand named "ENER-Q".

CATL to Release Condensed Matter Battery Technology April 19

On April 19, global battery giant CATL will release condensed matter battery technology and its zero-carbon strategy.

CATL Refutes Claims of Suspending Construction of Battery Factory in Hungary

Rumors have circulated that CATL, China's top power battery manufacturer, faced opposition from Hungarian locals over environmental concerns and that the construction of its second European factory has been halted.

CATL Changes Co-President of Market Amid Slowing Demand for Batteries

The growth rate of electric vehicles in China has been decelerating, and the demand for battery power is lower than expected. CATL, a battery giant, is actively seeking new growth opportunities while pushing for cost reductions. A recent change in personnel is a clear indication of this effort.

CATL’s Kirin Battery Begins Mass Production

Kirin battery, the ace technology of global battery giant CATL, has begun its mass-production. Zeekr, a premium electric automobile brand owned by Geely Automobile Holdings, will be the Kirin Battery's first global mass production model.

CATL Signs Partnership Agreement with Automaker BAIC Group

On March 13, Chinese battery giant CATL signed a strategic partnership agreement with state-owned automobile manufacturer BAIC Group.

China Launches Innovative Platform for Lithium Battery Recycling

China's battery recycling market has been gaining attention from industry leaders such as CATL, as evidenced by the recent launch of "Lithium ++," the country's first internet platform for recycling lithium batteries.

CATL Annual Revenue Breaks $43B Mark for First Time

According to the annual report released by Chinese battery giant CATL on March 9, the company's total operating income in 2022 exceeded 300 billion yuan ($43 billion) for the first time, reaching 328.59 billion yuan, up 152.1% year-on-year.

NIO Builds Battery Factory to Support 400K EVs Per Year

At the 2023 NIO Battery Partner Forum held on February 24, the Chinese electric vehicle maker announced the commencement of construction of the first phase of its subsidiary industrial base in Hefei, Anhui Province.

Battery Giant CATL Cuts Prices in China

Chinese battery giant CATL is taking the initiative to implement a battery price reduction plan for key car companies, and put forward a price reduction requirement of about 10% to its raw material suppliers.

CATL Invests $3.52B in Battery Recycling Base

Leading Chinese battery firm CATL announced on January 15 that its subsidiary, Brunp, plans to invest 23.8 billion yuan ($3.52 billion) in Foshan, Guangdong Province to build an integrated new material industry production base.

CATL and UL Solutions Join Forces to Advance Battery Safety and Performance

On January 17, Chinese battery giant CATL and global leader in applied safety science UL Solutions announced a new MOU for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle batteries.

CATL Concentrates Authority Over Production in Headquarters

Chinese battery giant CATL announced an organizational restructuring last week, under which some decision-making power will be concentrated in the headquarters to improve efficiency.

Hong Kong-Listed Battery Firm CALB Sues Rival CATL for Unfair Competition

Hong Kong-listed Chinese battery manufacturer CALB has filed a lawsuit, suing its competitor CATL for alleged unfair competition by abusing patent rights for malicious rights protection and wanton slander.

CATL and Gresham House Establish Global Strategic Partnership

Chinese battery giant CATL announced on December 22 that it has reached a long-term agreement with Gresham House Energy Storage Holdings PLC, a specialist alternative asset management group based in London, involving the supply of up to 7.5 GWh in battery energy storage systems (BESS).

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