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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Category: Battery News
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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In October, China's power battery installations amounted to 59.2 GWh, up 51 percent year-on-year and up 8.6 percent from September.
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CATL has recently entered the trial production stage of 20 Ah samples, meaning the battery solution is initially finalized and it is starting to enter the production technology exploration stage, according to local media.
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CATL and BYD continued to hold the top two positions as the world's largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged.
For details, please visit CnEVPost.
The program will last for four years, with a total lifecycle purchase value of about RMB 200 million ($28.1 million).
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