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Contemporary Amperex Technology Ltd (CATL)

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Falling sales to widen profit gap between China’s EV makers and battery suppliers
ACTU
07/05/2026

Falling sales to widen profit gap between China’s EV makers and battery suppliers

Profit trajectories between automotive assemblers and electric vehicle (EV) battery producers in China are set to diverge further due to lacklustre car sales and buoyant demand for energy-storage systems. Leading players, including China’s EV battery king Contemporary Amperex Technology Ltd (CATL), would continue to attract buying interest in their shares, spurred by improved profitability, according to analysts. They added that flat vehicle prices, coupled with a dip in new car sales, had...

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SCMP Economy
China’s CATL touts landmark order in ‘DeepSeek moment’ for sodium-ion batteries
ACTU
27/04/2026

China’s CATL touts landmark order in ‘DeepSeek moment’ for sodium-ion batteries

Contemporary Amperex Technology Ltd (CATL) has taken a leap forward in commercialising sodium-ion batteries, signing a large supply contract with an energy-storage system (ESS) provider amid high demand for power infrastructure after the global oil shock. The world’s largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years in a landmark deal for the new battery...

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SCMP Economy