$CATL

Gasgoo Automotive Research Institute reports on China's new energy vehicle electrification supply chain in H1 2026, highlighting market concentration and automaker in-house solutions. CATL and FinDreams Battery dominated the power battery sector with a combined 65.5% market share. FinDreams Battery led in battery pack and BMS markets, while FinDreams Powertrain led in drive motor segments. Key players include CATL, FinDreams Battery, CALB, ZENERGY, Gotion High-Tech, and Tesla.

A review of H1 2026 results in the solid-state battery supply chain highlights divergence. CATL reported RMB 276.9B revenue (+54.8%) and RMB 43.3B net profit (+42.0%). Tinci Materials’ profit rose over 900% on price rebounds. QuantumScape reported $21.8M billings and a $199M net loss. Samsung SDI swung to profit on ESS and AI data-center demand.

Quinbrook’s Supernode BESS project in Brendale, Australia, completed Stage 2 commercial operations and reached financial close on A$469 million debt financing for Stage 3, bringing total financing for Stages 1-3 to about A$1.2 billion. CATL is core supplier for all stages, with contracted capacity totaling 780MW/3,074MWh.

NIO says it completed its 100 millionth battery swap in China in February 2026, citing about 3,729 swap stations and claiming 83.41 million hours and RMB 26.3 billion in savings versus petrol over the same distance. The article contrasts NIO’s car-specific stations with CATL’s Choco Swap standard, and discusses costs, standardization, and export hurdles.

CATL’s Jianxiawo lithium mine in China’s Jiangxi remains shut after its licence expired in Aug 2025. Benchmark estimates a prolonged shutdown could put ~60,000 tonnes LCE at risk, with restart delays cutting 2026 output. GFEX lithium carbonate futures swung on restart rumors. Zimbabwe plans a concentrate export ban from Jan 1.

CATL reiterated to investors that it plans to start small-scale production of its first solid-state battery cells in 2027, using its proprietary cathode design and a dual electrolyte system, according to the company. The timeline aligns with BYD’s reported 2027 pilot plans. CATL’s CEO said mass adoption is unlikely before 2030 and the tech is at TRL level 4.

EV market updates include XPeng shifting to double shifts to ramp MONA L03 output, with global launch pricing of 123,800 to 156,800 yuan and first-hour orders above 46,859 units. Leapmotor said its A10 reached 100,000 mass-produced units in 135 days. NIO reported 120 million cumulative swaps and the first batch of fifth-gen stations. CATL (300750) announced a 2024 interim dividend of 14.11 yuan per 10 shares, totaling about 6.18 billion yuan.

CATL, the Ningde-based EV battery maker, unveiled its “Shenxing” LFP fast-charging battery ahead of the Beijing auto show, targeting 10% to 98% charge in six minutes under moderate temperatures. It also highlighted NCM batteries for 1,000 km range and a condensed-matter design for up to 1,500 km. CATL said the tech aims to compete with BYD.

SNE Research estimates global EV battery cell demand rose to 608.5 GWh in H1 2026, up 20% year on year. CATL delivered 242.7 GWh, up 25.3%, raising share to 39.9% from 38.2%. BYD delivered 87.7 GWh, up 1.6%, share 14.4%. LG Energy Solution delivered 52.6 GWh, share down to 8.6%.

Spanish regions are seeking common EU foreign-investment rules as they court Chinese battery and car makers. Reuters says officials want faster approval of a proposed “Made in Europe” law requiring local content and jobs, technology transfer, and limits on asset ownership in strategic sectors. Examples include CATL, AESC, SAIC, BYD and Geely projects in Spain.