What to Know About seres-backed Aiva reportedly explores joining CATL battery swap network
Aiva is discussing a battery swap solution with CATL, with its first production model, the ME7, set to debut by the end of 2026.
Aiva is discussing a battery swap solution with CATL, with its first production model, the ME7, set to debut by the end of 2026.
The 7 Chinese companies in the top 10 held a combined 72.8% share of the global EV battery market.
The heavy-duty truck version supports megawatt-level fast charging, reaching 80% in 25 minutes.
CATL continued to lead China’s power battery market but lost market share, while BYD gained ground.
CATL’s Shenzhen-listed shares fell another 3.84% on Wednesday and are down about 35% from their recent peak in early May.
CATL and Europe’s Alfen plan to deploy 5 GWh of sodium-ion battery energy storage systems in Western Europe starting in 2027.
CATL remained China’s largest power battery maker in June, though its market share fell 3.43 percentage points from May.
The agreement marks CATL’s second sodium-ion energy storage order in Europe this month.
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%.
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.