CATL

CATL posts 42% profit jump, unveils up to $5.5B buyback

Contemporary Amperex Technology Co., Limited, the world's largest power battery maker, reported a 42% year-on-year rise in first-half net profit and unveiled a buyback plan worth up to 40 billion yuan, signaling confidence in its continued growth trajectory.

DeepSeek prepares mainland China IPO filing for late 2026

Chinese artificial intelligence startup DeepSeek has begun preparations for an initial public offering on a mainland Chinese stock exchange, with a filing targeted for as soon as late 2026 and a public debut planned for 2027, Bloomberg reported on Monday.…

Chinese EV investment abroad nearly triples U.S. total

Chinese automakers have announced close to $101 billion in overseas electric vehicle and battery projects from 2019 to 2025, nearly tripling the roughly $38 billion invested abroad by U.S. companies over the same period, according to a report from Atlas…

Chinese firms now control 72.5% of global EV battery market

Chinese battery giant CATL Contemporary Amperex Technology Co., Limited extended its grip on the global electric vehicle battery market in the first five months of 2026, recording 188.4 gigawatt-hours of installations and a 40.2% market share, according to data released…

DeepSeek plans to double its 170-person team after raising $7.4B

Chinese artificial intelligence startup DeepSeek announced plans to at least double the size of all its departments, marking the company's most aggressive hiring push since its founding. The Hangzhou-based firm shared the recruitment drive through a statement on WeChat on…

CATL launches sodium-ion storage system with 30-year lifespan

Contemporary Amperex Technology Co., Limited launched its Tener sodium-ion energy storage system on Monday at a product release event in Munich, Germany, marking what the company calls a new era for grid-scale battery storage built without lithium.

CATL and Octopus Energy form JV to bring battery swapping to European trucks

CATL Contemporary Amperex Technology Co., Limited, the world's largest electric vehicle battery manufacturer, and UK energy provider Octopus Energy have formed a joint venture to build a network of battery swap stations for electric trucks across Europe, the companies announced…

Lithium prices plunge as CATL nears restart of key mine

Lithium carbonate futures in China tumbled after the Jiangxi Provincial Department of Natural Resources confirmed that CATL Contemporary Amperex Technology Co., Limited had secured a renewed land use approval for its Jianxiawo lithium mine, one of the world's largest lithium…

Chinese firms secure 25 GWh in overseas energy storage orders amid Hormuz crisis

The disruptions to global energy markets caused by the 2026 Iran war and the ongoing instability around the Strait of Hormuz are reshaping the world's energy landscape, driving record investment in clean energy and battery storage as countries scramble to…