CATL signs long-term strategic deal with Seres to expand Aito battery capacity
Aito will continue using CATL batteries across its lineup, with total annual capacity set to exceed 20 GWh after a joint project is completed.
Aito will continue using CATL batteries across its lineup, with total annual capacity set to exceed 20 GWh after a joint project is completed.
The donation will go to a research institute established this year in Ningde, Fujian province, where CATL is headquartered.
CATL remained the leader, but its market share gap with BYD narrowed for the fourth consecutive month.
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’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.
The cooperation covers electric trucks, charging infrastructure and battery swapping pilots to help cut emissions from European road freight.
A media outlet under MIIT says supply chain diversification should not be portrayed as a confrontation between automakers and battery producers.
The Hungarian plant will become CATL’s largest production base outside China once all facilities are ready.