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The competition in the development of large-capacity cells is heating up, with the industry’s top player stepping up to shape the new standard in the battery energy storage space.
Chinese battery making giant Contemporary Amperex Technology Co. Ltd. reported a 33% jump in first-quarter earnings, defying a slowdown in demand for EVs.
CATL has a strong position in its home market of China, where it commands an almost 40% share of the EV-battery industry, according to data from the China Automotive Battery Innovation Alliance. It ...
CATL has invested RMB 2.5 billion (about US$346 million) in NIO Power, with the partnership working to develop and adopt national battery swap standards – CATL launched its own Choco-Swap ...
CATL will make an investment capped at 2.5 billion yuan in Nio Power, which runs the carmaker’s battery-swapping system, and will help develop the network further. Nio will adopt the battery ...
SHANGHAI (Reuters) - Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio's power unit, which runs more than 3,000 battery swapping stations in China ...