CATL

On today’s episode of Quick Charge, Polestar hopes to steal customers from Tesla now that Elon is involved in politics, CATL revenue dips for the first time ever, and a whole new way to feed the orcas drops down under.

The world’s largest EV battery maker warned that it expects to report less revenue in 2024 than the previous year, sending share prices down on Wednesday. CATL (SHE: 300750) stock dipped after its 2024 Annual Performance Forecast was released. Here’s a preview of CATL’s financials for last year.

CATL held a commanding lead in the EV battery market last year, accounting for over a third of global usage. The world’s largest EV battery maker expects to announce another big partnership for a new EV plant in Europe by the end of 2025. The new facility will be separate from the one announced last month with Stellantis. Here’s what we know so far.

The world’s largest EV battery maker was designated as a “Chinese Military Company” on Monday by the US Defense Department. CATL, which supplies EV batteries to Tesla, BMW, Ford, Volkswagen, Toyota, Nissan, Honda, and many others, is now on the US blacklist. Here’s what that means.

The world’s largest EV battery maker wants an even bigger market share. On Thursday, CATL announced plans to list on the Hong Kong Stock Exchange to drive the company’s “global strategic layout” and improve its competitiveness.

China’s CATL launched its new Bedrock Chassis on Monday, calling it “the world’s first ultra-safe skateboard chassis.” The global EV battery leader said its newest tech “activates a trillion yuan market” as the new standard for intelligent vehicle design. According to CATL, it will also end the belief that gas-powered cars are safer than EVs.

The world’s leading EV battery maker wants to make gas stations a thing of the past. On Wednesday, CATL revealed ambitious plans to expand its EV battery swap network with ten new models. By swapping batteries, EV drivers can get a fully charged pack within two minutes. That’s even quicker than filling up your gas tank.

The world’s largest EV battery maker wants even more. China’s CATL told its suppliers it would provide funding as it looks to gain market share and overcome an intensifying price war in the EV battery space.

European OEM Stellantis has announced a new joint venture with the world’s largest battery manufacturer CATL, to build a large-scale lithium iron phosphate (LFP) battery plant at one of the former’s existing production sites.

CATL, the world’s largest battery manufacturer, is considering building a localized plant on US soil, but there’s a big “if.” The company’s chairman said he is open to erecting a US battery facility if President-elect Donald Trump paves the way, despite escalating a trade war with China during his first term.

The world’s largest EV battery maker is advancing a new type of battery, promising higher energy density. According to a new local report, CATL is investing heavily while ramping up its workforce to bring all-solid-state EV batteries to market.

The world’s largest EV battery maker launched its newest product on Thursday. China’s CATL unveiled its new Freevoy Super Hybrid Battery, calling it “the world’s first” hybrid battery with over 400 km (250 mi) all-electric range. With 4C ultra-fast charging, the new battery delivers an EV-like experience.

CATL, the world’s largest battery supplier for electric vehicles and one of Tesla’s critical suppliers, had an important fire that raged for hours at one of its main Chinese battery factory.

Two current titans in the electric mobility industry have utilized an existing joint venture to deliver a fresh battery technology to help EV drivers eventually go farther faster. Today, SAIC-GM and CATL launched a new lithium-iron-phosphate (LFP) battery cell with a 6C multiplier, enabling recharge rates of up to 200km in just five minutes, making it the fastest charging battery cell in China.

CATL launched its newest battery, the Tianxing Bus version, opening a new era for buses. With “the highest energy density in the bus industry,” CATL claims its new EV battery can last 15 years and 1.5 million kilometers (932,000 miles).

A GM electric car with Chinese EV batteries on US streets? That could soon be a possibility. GM is in talks to buy batteries from China’s CATL to be assembled at a new US plant.

The world’s largest EV battery maker is transforming how we experience electric vehicles. CATL opened the “world’s first” EV experience center this weekend in China, showcasing nearly 100 models from 50 brands. Visitors can “view, select, use, and learn” about EVs powered by CATL’s advanced batteries, including Tesla, Volkswagen, and NIO models.

Prominent eVTOL developer AutoFlight has announced the signing of a strategic cooperation agreement with battery behemoth CATL in which the latter will invest hundreds of millions to support the former’s arial technology development.

We gave the Tesla Cybertruck a lot of heat yesterday, and today we’re back for more as every single example of the controversial electric pickup built so far has been recalled. Meanwhile a Model 3 is cheaper than a Camry now, Polestar 2 gets an upgrade, and electric flight takes off. All this and more on today’s energizing episode of Quick Charge!

The world’s largest EV battery maker is powering up something even bigger. CATL successfully tested a 4-ton electric plane powered by its ultra-high energy density battery. By 2028, CATL expects to reveal an 8-ton civil electric aircraft with around 1,200 to 1,800 miles (2,000 to 3,000 km) range.

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs.