CATL's share in March decreased by 10.29 percentage points from February, while BYD increased by 9.04 percentage points.
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CATL's energy storage battery business generated revenue of RMB 59.9 billion in 2023, contributing 14.94 percent of the total.
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CATL continued to be No. 1, while BYD dropped to No. 3 after being overtaken by LG Energy Solution for the first time since December 2022.
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Continue reading GM reportedly in talks with CATL to license LFP battery tech
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Permalink | Email this | CommentsAvatr, the Changan-Catl-Huawei joint venture launches revised Avatr 12 sedan at a lowered price
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CATL is in talks with General Motors on a License Royalty Service model partnership, with plans to jointly build an LFP battery plant in North America, according to a local media report.
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CATL is reported to be negotiating with General Motors to build a lithium iron phosphate battery plant in North America, Agreement will be similar to the CATL deal with Ford.
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The long-life battery will have 0 degradation in the first 1,000 cycles, Yutong said.
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In order to get automakers to accept the "CATL Inside" logo on their vehicles, CATL will offer some concessions like Intel did with its "Intel inside" model, according to local media.
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CATL is working with Tesla on battery technologies, particularly new electrochemical structures for faster charging, the Chinese battery maker's chairman said.
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