Catl china battery stock

Is CATL on the way to grow its market share?

Overall, it seems CATL is on the way to keep growing its market share among battery volume, from the current 35% to potentially 40-60%. All this while the market itself grows quickly, driven by the costs saving CATL technology creates. Currently, there are no serious competitors for the million-mile battery technology.

Is CATL a good battery supplier?

It maintains that advantage by being a top battery supplier for major automakers, including Tesla, Volkswagen, BMW and Geely. Analysts at S&P Global Ratings wrote in a recent note that they expect CATL to ramp up capital expenditure over the next two years as it looks to maintain a leading position in the global battery market.

Does CATL recycle used batteries in China?

CATL is already recycling 50% of the used batteries in China, or 120,000 tons, through its subsidiary Brunp, with a 99.3% recovery rate for manganese and cobalt. They do not communicate their recovery rate on lithium or copper, so I assume some progress is still needed there.

What percentage of battery sales will CATL expect?

The Citi analysts said that CATL expects total battery shipments to the U.S. market, including both direct and indirect sales, to cover a single-digit percentage of total battery sales, or around 2%-3%, lower than previously anticipated.

Why did China unveil a new battery for hybrid cars?

China’s Contemporary Amperex Technology Co. Ltd. on Thursday unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars. Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.

What does CATL stand for?

Goldman analysts Trina Chen and Joy Zhang explained in a client note Thursday that reports of Chinese battery giant Contemporary Amperex Technology (CATL) cutting lithium production at a major mine in...