CATL invested hundreds of millions of dollars in Autoflight, the first known CATL investment in an eVTOL maker.
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Category: Battery News
CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.
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The offshore fund will help CATL finance the corporate ecosystem needed to expand production in Europe and other foreign markets, according to the Financial Times.
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CATL's share increased by 1.19 percentage points in June compared to May, while BYD decreased by 3.65 percentage points.
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TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.
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The Tianxing L-series battery packs have already been mass-produced and have been selected for 21 models from 13 automakers.
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CATL continues to be the world's largest battery maker in Jan-May, but share continued to decrease, while BYD continues to increase its share.
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Nio president previously mentioned that its 150-kWh semi-solid-state battery pack costs about the same as an ET5, which starts at RMB 298,000.
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The joint venture will produce square LFP batteries for selected North American commercial vehicle applications with an annual capacity of about 21 GWh.
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The energy storage station can store 100,000 kWh of electricity on a single charge, which can meet the needs of around 12,000 households for a day.
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