A Look at cATL H1 net profit jumps 42%, announces massive share buyback
CATL’s net profit attributable to shareholders in the first half was 43.28 billion yuan ($6.37 billion), with a gross margin of 23.93%.
CATL’s net profit attributable to shareholders in the first half was 43.28 billion yuan ($6.37 billion), with a gross margin of 23.93%.
FAW Hongqi said the battery needs just 8 minutes and 3 seconds to go from 10% to 97%.
Global ESS shipments rose 71% year-on-year to 461.3 GWh in the first half, with China’s share falling to 43.9% from 50.5 percent.
Hina Battery and Shaanxi Tonly Heavy Industries jointly developed the mining truck, which carries a 676-kWh sodium-ion battery system.
China’s third-largest battery maker has tightened manufacturing tolerances and given its quality team veto power over batch releases.
Seven Chinese companies ranked among the top 10, with a combined 72.4% share of the global EV battery market.
William Li said Nio’s 120-kWh large battery pack is still being developed, without giving a timeline.
CATL said its 350 Wh/kg cells showed no thermal propagation when two adjacent cells were triggered at once, a world first.
CATL said its supply chain accounts for more than 80% of its products’ carbon emissions, and it aims to achieve value-chain carbon neutrality by 2035.
CATL remained China’s largest power battery maker in July, though its market share fell 0.37 percentage points from June.