EVbatteries

CATL Reports Significant Profit Growth in 2024 Driven by Robust EV Battery Demand

2 months ago

In a landmark announcement, Contemporary Amperex Technology Co. Limited (CATL), a global leader in lithium-ion batteries and electric vehicle (EV) solutions, revealed a remarkable 15% increase in profit for the year 2024. This surge is primarily attributed to the relentless demand for electric vehicle batteries around the world.

CATL Dominates Global EV Battery Market: Implications and Risks Ahead

5 months ago

Contemporary Amperex Technology Co. Ltd. (CATL), the world's leading producer of electric vehicle (EV) batteries, has significantly boosted its market share, solidifying its position in the fast-evolving automotive sector. As the demand for electric vehicles intensifies across various regions, particularly in Europe and North America, CATL's dominance has raised both expectations and concerns regarding the sustainability of its growth and the potential vulnerabilities it may create within the industry.

Northvolt CEO Peter Carlsson Resigns Following Bankruptcy Filing

6 months ago

In a shocking turn of events, Peter Carlsson, the CEO of Northvolt, has resigned just one day after the company filed for bankruptcy. This development has sent ripples through the electric vehicle battery manufacturing industry, raising concerns about the future of one of Europe's most ambitious energy start-ups.

Northvolt CEO Steps Up to Support New Financing Round Amid Growing EV Market

8 months ago

A recent report by Svenska Dagbladet, Northvolt AB's CEO Peter Carlsson intends to back the company's upcoming financing round. This is at a very critical juncture for the Swedish battery manufacturer, amid the surge in demand for EV batteries across the globe.

Northvolt Lenders to Convene as EV Battery Maker Hangs by Thread

8 months ago

Swedish electric vehicle battery maker Northvolt is staring at a major crisis. On Friday, the lenders to the financially beleaguered Swedish electric vehicle battery manufacturing startup Northvolt decided to convene and discuss possible ways forward for the once-promising startup. This comes at a time when Northvolt is fluttering under the enormous financial strain and operational challenges.