CATL is in talks with potential advisers and a listing in Hong Kong could take place as early as the first half of 2025, according to Bloomberg.
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Category: Battery News
CATL has unveiled two standardized Choco-SEB battery packs and plans to launch 10 models using the packs with partners, one for each of the following quarters.
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The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh.
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China's EV battery installations were 67.2 GWh in November, up 49.7 percent year-on-year and up 13.5 percent from October.
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CATL and Stellantis will build a $4.26 billion battery plant in Spain with a designed annual capacity of 50 GWh.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-October period, both increasing their share slightly from January-September.
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CATL contributed 35.2 percent of global EV battery shipments in the third quarter, while BYD FinDreams contributed 17.0 percent.
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CATL has launched new batteries for heavy-duty commercial vehicles under its commercial vehicle battery brand Tectrans, after previously launching similar products for the logistics and electric bus industries.
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CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg.
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Currently 90 percent of China's power batteries are transported by road, and rail transportation is expected to reduce costs and improve efficiency.
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