CATL

Ningde, Fujian province, where CATL is headquartered, has seen new cases of Covid, but the company has ensured that its base in the city is in production.

CATL's plant in Germany has received a license for 8 GWh of battery cell capacity, with the first cells to roll off the production line by the end of 2022.

CATL has launched its third generation of CTP (cell to pack) technology, which it internally calls the Qilin battery, the company's top executive said.

CATL has built a zero-carbon battery factory in Yibin, Sichuan province, saying it will achieve carbon neutrality in its global sites in the future.

The cost of a NEV increased by RMB 10,000 ($1,570) after the last battery price hike, and rose by another RMB 10,000 not long ago.

CATL aims to build a plant in North America capable of producing up to 80 GWh of batteries a year and eventually employing up to 10,000 workers, according to Bloomberg.

CATL's battery installations in China in February were 6.57 GWh, accounting for 48.02 percent market share, down from 50.24 percent in January.

CATL has a strong ability to secure supply, but rumors of production cuts show that the industry as a whole is facing cost pressures, local media said.

The heavy trucks are powered by CATL's lithium iron phosphate batteries, which support both high-power fast charging and quick battery swaps in 3-5 minutes.

The project, with a total floor area of about 350,000 square meters, will be completed and operational within one year.