CATL’s net profit grows 185% to about $2.47 billion in 2021
Sales of power battery systems are the company's main source of revenue, contributing RMB 91.49 billion last year, up 132.06 percent year-on-year.
CATL’s Shanghai plant has resumed production
CATL, a battery supplier to Tesla, has a battery module assembly plant located a few blocks from Giga Shanghai.
CATL acquires lithium exploration rights in east China’s Jiangxi province
A subsidiary of CATL has acquired the exploration rights to the lithium mine, which is expected to hold 2.66 million tons of lithium metal…
CATL shares plunge as investors worry about rising costs affecting profits
Rumors surfaced yesterday that CATL may post earnings of less than RMB 5 billion in the first quarter, falling short of market expectations.
CATL’s Zhaoqing base finishes construction of first phase plant, expected to start production in June
Equipment installation for the project is underway, and the module plant has seen battery pack samples roll off the line.
CATL’s battery swap service begins operations, Xiamen first city to test waters
CATL has put four battery swap stations into operation in Xiamen, with the number expected to reach 30 in the city by the end of the year, and…
CATL plans to build $6 billion battery projects in Indonesia
This consists of six projects including nickel mine development, ternary battery manufacturing, and battery recycling, five of which are…
CATL’s market share in China rises to 50.49% in March
CATL's installed base in China in March was 10.81 GWh, capturing 50.49 percent of the market share, up 2.47 percentage points from February.
China’s power battery installations rise 138% year-on-year to 21.4 GWh in March
LFP batteries lead ternary batteries in China for the ninth consecutive month.
CATL’s Ningde site maintains production as local Covid controls tighten
Ningde, Fujian province, where CATL is headquartered, has seen new cases of Covid, but the company has ensured that its base in the city is in…