Here’s cATL shares extend slide to one-year low as Li Auto, Xiaomi spread battery orders to rivals
CATL’s Shenzhen-listed shares fell another 3.84% on Wednesday and are down about 35% from their recent peak in early May.
CATL’s Shenzhen-listed shares fell another 3.84% on Wednesday and are down about 35% from their recent peak in early May.
CATL continued to lead China’s power battery market but lost market share, while BYD gained ground.
CATL will provide battery pack technology licensing, production equipment and training for a plant with a planned annual capacity of 1 GWh.
The cooperation covers electric trucks, charging infrastructure and battery swapping pilots to help cut emissions from European road freight.
Sunwoda said its new system can charge from 10% to 70% in just 5 minutes at room temperature.
A media outlet under MIIT says supply chain diversification should not be portrayed as a confrontation between automakers and battery producers.
Li Auto has several solid-state battery projects underway and has validated prototypes in eyewear products.
The Hungarian plant will become CATL’s largest production base outside China once all facilities are ready.
Chery plans to install solid-liquid hybrid batteries in vehicles in the fourth quarter of 2026 and begin vehicle validation of all-solid-state batteries in 2027.
Xpeng Iron will use high-energy solid-liquid hybrid batteries, reflecting delays in the commercialization of all-solid-state technology.