CATL reported net income of RMB 13.14 billion in the third quarter, up 6.32 percent from the second quarter. It had a record gross margin of 31.17 percent in the third quarter.
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Category: Battery News
CATL and BYD both saw their share of the Chinese EV battery market decrease slightly in September, as smaller players, including Gotion High-tech, gained share.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-August period, with the former seeing a slight decrease in share and the latter an increase.
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A CATL production site in Ningde, Fujian, where the company is headquartered, caught fire in one of the rare accidents in battery manufacturing.
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BYD's chief scientist expects solid-state batteries to be widely used in 5 years, starting with high-end models, the first time a BYD executive has spoken publicly on the topic in the last few years.
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SAIC-GM and CATL have jointly launched an LFP battery that supports a 6C charging multiplier and can get more than 200 km of range on a 5-minute charge.
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CATL has launched the CATL Tectrans Bus Edition, claiming an energy density of 175 Wh/kg, the highest in the electric bus industry.
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A rumor -- later confirmed -- that CATL had suspended lithium production in Jiangxi sent shares of major lithium producers soaring.
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CATL's share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points.
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CATL is in talks to buy photovoltaic module supplier DAS Solar, which ranked No. 8 globally in PV module shipments in the first half of this year, according to local media.
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