All articles tagged with #catl
CATL's shares surged to record highs following China's announcement of a plan to install over 180 million kW of new energy storage capacity by 2027, backed by a $35 billion investment, boosting investor optimism and expanding CATL's market share in the EV battery sector.
Tesla supplier CATL's decision to idle a major lithium mine in China has caused a sharp rise in lithium stocks and boosted Albemarle, despite concerns over lithium oversupply and potential impacts on EV battery costs. The lithium market is experiencing a short-term rally, but long-term trends remain uncertain amid China's regulatory stance and fluctuating prices. Meanwhile, Tesla's stock continues to perform well, and other lithium-related stocks are also gaining.
Lithium prices and stocks surged after CATL shut down a major Chinese lithium mine, sparking speculation of supply constraints amid broader industry concerns over overcapacity and regulatory crackdowns, with the market reacting strongly to the potential reduction in global lithium output.
Lithium prices and stocks surged after CATL suspended activity at a major Chinese lithium mine, raising hopes of output curbs amid China's crackdown on overcapacity, despite the overall market facing a global supply glut and declining prices since 2022.
CATL has suspended operations at its lithium mine in Jiangxi due to an expired permit, with plans to potentially extend the halt while negotiating license renewal, amid a backdrop of declining lithium prices and increased government scrutiny in China. This suspension could impact the lithium supply chain but might also benefit other producers in a market plagued by overcapacity.
CATL has suspended operations at its Jianxiawo lithium mine in China for at least three months due to the failure to renew its mining permit, amid broader industry volatility and regulatory scrutiny, impacting a key supply chain link for electric vehicle batteries.
CATL has suspended production at its lithium mine in Jiangxi, China, for at least three months, affecting lithium supply and causing fluctuations in lithium stocks, with the company not immediately commenting on the report.
Contemporary Amperex Technology Co. Ltd. (CATL) experienced a 46% surge in its Hong Kong-listed shares, now trading at a record 30% premium over its mainland China counterpart, driven by strong global investor interest, low liquidity, and a short squeeze, though analysts warn of a potential pullback.
Stellantis and China's CATL have announced a joint venture to build a €4.1 billion ($4.3 billion) lithium iron phosphate battery plant in Zaragoza, Spain, expected to be operational by 2026. The plant aims to produce up to 50 gigawatt hours of batteries, enhancing Stellantis' electric vehicle production capabilities in Europe. This collaboration comes amid challenges in the European EV market, including affordability and infrastructure issues. The venture highlights a strategic move towards sustainable and innovative battery production.
China's CATL and Stellantis are set to build a €4.1 billion lithium battery factory in Zaragoza, Spain, as part of a joint venture to expand electric vehicle production in Europe. This move comes amid Europe's efforts to reduce reliance on Chinese batteries and follows Stellantis' strategic partnerships with Chinese companies. The factory, scheduled to start production by late 2026, marks CATL's third major investment in Europe, despite EU plans to impose stricter trade regulations on Chinese firms. Spain's government has actively supported the project to bolster its automotive industry.
Stellantis and CATL have announced a joint venture to invest up to €4.1 billion in a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain, aiming for a production capacity of up to 50 GWh by 2026. This initiative supports Stellantis' Dare Forward 2030 plan to offer more affordable electric vehicles and aligns with global climate goals. The plant will enhance CATL's battery technology capabilities in Europe, contributing to the energy transition and e-mobility efforts.
CATL founder Robin Zeng criticized Tesla CEO Elon Musk's battery-making skills, particularly regarding Tesla's 4680 cylindrical battery, which Musk claimed would be cheaper and more efficient. Despite Musk's silence during their debate, Zeng highlighted issues with the 4680's production and Musk's tendency to overpromise on timelines. CATL, a major battery supplier for Tesla, questioned Musk's approach, noting significant production challenges with the 4680 battery, which is used in Tesla's high-end vehicles like the Cybertruck.
CATL Chairman Robin Zeng expressed skepticism about the long-term success of Tesla's 4680 battery cell, suggesting it would fail due to Tesla CEO Elon Musk's lack of expertise in electrochemistry. Despite Tesla's production milestones and expansion plans for the 4680 cell, Zeng believes Musk's timelines for new technologies are overly optimistic. The discussion also touched on Tesla's approach to Full Self-Driving technology, which Zeng supports, and CATL's interest in building a U.S. factory if allowed by the government.
CATL is collaborating with Tesla to develop faster-charging batteries as Tesla aims to maintain its market position and introduce a $25,000 electric car. The chairman of CATL, Robin Zeng, mentioned that there is potential for cost reduction, particularly if the car is intended for robotaxis, due to the longer life cycle and lower average cost of their batteries. CATL also plans to supply batteries to Tesla's Nevada facility.
Chinese power battery giant CATL's shares surged after Morgan Stanley upgraded its rating and price target, citing inflection points in its fundamentals and cost efficiency improvements through new production lines. The company's stock reacted to the headwinds of the US Inflation Reduction Act, and its EBITDA growth is expected to return to year-on-year growth in the following quarters. Additionally, CATL's M3P battery is expected to be installed in Tesla models.