CATL

CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.

CATL has showcased its latest innovations ahead of the Shanghai auto show, as it tries to push the "boundaries" even further.

CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.

BYD's share increased by 0.90 percentage points in March from February, while CATL's fell by 2.07 percentage points.

CATL and BYD's combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.

CATL and Sinopec will work together to build energy replenishment networks for passenger cars and heavy-duty trucks.

CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.

CATL will increase its bet on Mirattery, in addition to advancing its investment in Nio Power, according to local media.

Nio and CATL to build the world's largest battery swap service network, and Firefly's newly developed models will use CATL's Choco-Swap technology standard.

CATL reported revenue of RMB 102.97 billion in the fourth quarter, down 3.08 percent year-on-year.