CATL News Updates

The Chinese battery giant introduced battery upgrades and plans to open more battery swap stations for electric trucks.

China has a stranglehold on refining battery minerals, but customers such as Ford have warned that processing is a bigger constraint than mining.

The network will launch in the U.K. next year and is expected to have more than 30 locations across Europe by 2035, each of which will be capable of serving thousands of vehicles a day.

The world’s largest EV battery maker is pushing for its removal from a Pentagon list of companies tied to China’s military that’s cast a pall over its U.S. prospects.

The lithium mine closure has spurred speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

CATL says can offer 323 miles of range from just five minutes of charging time. BYD recently launched a car system it says can charge a vehicle for 292 miles in about the same time.

The world’s largest battery manufacturer, CATL, has agreed to invest up to $346 million in building out a battery-swapping network across China in collaboration with EV maker Nio.

CATL posted record annual earnings for 2024, the strong financials further evidence of its commanding market position at a time some rivals are faltering.

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.