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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 Faces First Revenue Decline, Shares Drop 4%
Shares of CATL, the worlds largest battery maker, fell nearly 4% on Wednesday after the company announced its first annual revenue decline since 2015. In a securities filing, CATL revealed an 8.7%11.2% revenue drop
Chinese Battery Giant CATL Takes CALB to Court Over Alleged Patent Violation
"The patent involved in the litigation relates to battery modules, and there is no infringement involved in the products of the company," CALB said. CALB has also applied to the China National Intellectual Property Administration to invalidate the patent involved, it added.
China's battery giant CATL hires banks for first-half Hong Kong float, sources say
Chinese battery giant CATL has hired banks, including JPMorgan and Bank of America , to work on a Hong Kong listing, in what could be one of the city's largest offerings in 2025, two people with knowledge of the deal said.
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.
1d
on MSN
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 ...
Electrek
12h
Polestar hopes to steal Tesla sales, CATL revenue dips, and feeding the orcas
Polestar hopes to steal customers from Tesla and Elon, CATL revenue dips for the first time ever, and a whole new way to feed orcas.
Interesting Engineering
7d
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 ...
2d
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 ...
autoevolution
1d
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 ...
EconoTimes
3d
CATL Shares Surge on $6 Billion Renewable Energy Partnership with Masdar
Shares of Contemporary Amperex Technology Co Ltd (CATL) (SZ:300750) surged 5.2% to 264.57 yuan on Monday following the ...
Business Insider
13d
CATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or Exploding
December 27, 2024-- On December 24th,
CATL
officially launched the
CATL
Bedrock Chassis, the world's first ultra-safe skateboard chassis. With its outstanding performance of withstanding 120 km/h ...
Electrek
1d
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 ...
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