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CATL stock slips as EV battery giant hints at first annual revenue decline in 2024
The world’s largest EV battery maker warned that it expects to report less revenue in 2024 than the previous year, sending share prices down on Wednesday. CATL (SHE: 300750) stock dipped after its 2024 Annual Performance Forecast was released. Here’s a preview of CATL’s financials for last year.
CATL to report record profit in 2024 despite revenue decline amid lithium price slump
Meanwhile, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015.
CATL shares drop as company warns of first annual revenue fall
Shares in CATL, the world's leading battery manufacturer, fell by nearly 4% on Wednesday following the company's announcement of an expected decline in annual revenue for the first time since it began disclosing its operating figures in 2015.
Interesting Engineering
10d
CATL’s bold leap into chassis manufacturing: A game-changer for the EV industry?
The skateboard chassis cuts new-vehicle development from 36–48 months to about 18, significantly lowering costs and speeding ...
5d
China CATL's shares dip after it warns of revenue fall, slowing profit growth
Shares in CATL , the world's largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its ...
TechNode
2d
CATL to announce new factory in Europe this year: executive
CATL is hoping to announce a plan to build a new joint factory with an original equipment manufacturer (OEM) in Europe this ...
5d
on MSN
China's huge talent pool gives it an edge in the global EV race, says CATL exec
China can tap a large software engineer talent pool from its consumer-focused companies, Pan Jian of battery maker CATL told ...
Electrek
5d
The world’s largest EV battery maker predicts another big move in Europe in 2025
CATL held a commanding lead in the EV battery market last year, accounting for over a third of global usage. The world’s ...
autoevolution
5d
CATL To Build a New LFP Battery Factory in Europe in Partnership With a Local Carmaker
CATL vice chairman Pan Jian announced in Davos that his company will build a new LFP battery factory this year in Europe in ...
11d
Panasonic's Market Share May Rise With CATL's Addition To The 'Barred List'
Analyzing the implications of CATL's US military blacklisting and Panasonic's valuation for investors, with a focus on growth ...
4d
on MSN
There's a new buzzword in China's EV industry
"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel ...
TopSpeed on MSN
4d
Abundance Of Software Engineers Gives China’s EV Industry Competitive Advantage
Electrive reports that some 31.4 million new vehicles were sold in China last year, with new energy offerings accounting for ...
7d
China's CATL shares jump on battery storage partnership with UAE's Masdar
SHANGHAI, Jan 20 (Reuters) - Shares of Contemporary Contemporary Amperex Technology Co Ltd (SZ: 300750) (CATL) jumped on ...
Money Talks News on MSN
3d
Lightning-Fast Charge: GM and CATL's EV Battery Revolution
General Motors partners with Chinese battery giant CATL to create the fastest-charging EV battery yet. The new technology ...
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