CATL

Xiaomi Corp‘s (OTC:XIACY) foray into the electric vehicle market has taken an intriguing turn as it has reportedly selected battery suppliers for its EV division.  What Happened: According to sources within the Chinese smartphone giant, Xiaomi has chosen China Aviation...

The alliance between Ford Motor Co (NYSE:F) and Contemporary Amperex Technology Co. Limited, CATL, has drawn the attention of two U.S. House of Representatives committees. The focal point of the investigation is Ford’s plan to construct a $3.5-billion battery facility in Michigan, utilizing...

Major Wall Street indices closed in the green on Thursday, led by gains in technology stocks. However, the Joe Biden-administration's proposal for stricter rules for mid-size banks pulled banking stocks down. Investors also weighed in the release of the U.S. fourth-quarter GDP growth that stood...

Chinese President Xi Jinping reportedly told Tesla Inc. (NASDAQ:TSLA) battery supplier Contemporary Amperex Technology Co. Limited, or CATL, that he had mixed feeling about its status as the world’s largest battery maker. What Happened: Xi said he was “both happy and worried”...

Tesla Inc.’s (NASDAQ: TSLA) battery supplier Contemporary Amperex Technology Co. Limited, or CATL, called on the Chinese government to step up safety and quality standards in the battery energy storage industry. What Happened: Zeng Yuqun, the chairman of CATL, called for a series of...

Ford Motor Company (NYSE: F) is investing $3.5 billion to build the United States’ first lithium iron phosphate battery plant. What Happened: The plant, a wholly-owned subsidiary of Ford, will be built in Marshall, Michigan, as part of the company’s $50 billion “global push...

Tesla Inc.’s (NASDAQ: TSLA) battery supplier Contemporary Amperex Technology Co. Limited, or CATL, has cemented its dominant position in the electric vehicle battery market toward the end of 2022, a new report stated. What Happened: The Ningde, China-based manufacturer’s EV...

Contemporary Amperex Technology Co Ltd (CATL), a battery supplier to Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO), has estimated its net profit during the July-September quarter to nearly triple from a year earlier, supported by significant expansion in production, reported Reuters. What...

Chinese battery-maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), is looking to raise as much as HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering, reported Bloomberg....

COVID-19 brought to the fore the problems electric vehicle makers face when the supply chain is challenged. Tesla, Inc. (NASDAQ: TSLA) seemed to have removed the risk out of the equation as far as its battery supply is concerned. Tesla for the first time has access to all the...

Chinese battery maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), has started gauging investor demand for its $2 billion Hong Kong initial public...

Tesla, Inc. (NASDAQ: TSLA) battery supplier Contemporary Amperex Technology Co., Limited , aka CATL, has reportedly announced a major management overhaul. The Ningde, China-based electric vehicle battery maker said its Vice Chairman and Deputy General Manager Huang Shilin has resigned, effective...

Ford Motor Company (NYSE: F) announced on Thursday plans to source battery capacity and raw materials en route to its electric vehicle production goal of a 600,000 annual rate by 2023 and 2 million by 2026. What Happened: As part of the plan, Ford said it will tap heavily into Tesla, Inc...

Tesla, Inc.'s (NASDAQ: TSLA) battery supplier Contemporary Ameprex Technology Co. Ltd. (CATL) has set its sights on constructing a manufacturing plant in Mexico at a project cost of $5 billion, Bloomberg reported on Monday. What Happened: The Chinese company is considering two locations...

Tesla Inc (NASDAQ: TSLA) China supplier CATL has shipped electric vehicle batteries to South Korea’s Kia Corp, a subsidiary of Hyundai Motor Company, Reuters reported on Thursday, citing the companies. The move marks the first instance when Kia is using a non-Korean battery supplier...