Battery

Mirattery said that the strategic partnership covers equity investment, battery rental service operations and user services, and the joint construction of battery swap networks.

CATL and BYD's combined EV battery installations for January-May came in at 222.7 GWh, accounting for 55.5 percent of the global total.

The plant is expected to have a total battery capacity of 15 GWh, enough to power 250,000 to 300,000 vehicles.

The EH216 series eVTOL equipped with the new batteries are expected to achieve significant performance improvements, including longer flight ranges and stronger power output.

LG Energy Solution will supply Chery with a total of 8 GWh of next-generation 46-series cylindrical batteries over the next six years, enough to power about 120,000 EVs.

CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.

As of the end of May, Li Auto had delivered a cumulative total of 1,301,531 vehicles.

The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.

The battery pack will be based on Nio's in-house developed 4680 large cylindrical battery cells, with small-scale production expected to begin next year.