Chinese battery giant CATL announced on Friday surging annual profits despite a decline in revenue, as slowing demand for electric vehicles drives down the price of lithium.

CATL reported 15% growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China's electric ...

The world's largest electric-vehicle battery maker has filed for a listing in Hong Kong, without disclosing the exact size ...

Contemporary Amperex Technology Co. Ltd. posted record annual earnings for 2024, the strong financials further evidence of ...

Global oil demand will pick up in the next months with the summer driving season, Russia's top oil official said, adding that ...

Hungary's automotive industry, a key pillar of the country's export-driven economy, continued to show signs of strain in January, as the latest figures from the Central Statistics Office (KSH) ...

Samsung SDI (KS:006400) announced plans to issue new shares worth 2 trillion won ($1.38 billion) to fund key growth ...

New KSH data suggests that the battery production in Hungary collapsed and there is little chance that it will recover in ...

Industry executives criticise ‘strategic failure’ by Swedish government and Brussels for allowing start-up to fail ...

One of Sweden’s largest battery cell makers for electric vehicles (EVs), Northvolt, has filed for bankruptcy, dashing hopes ...

Massachusetts-based electrode developer 6K plans to deliver iron-based cathodes to a surprising customer—Chinese battery ...

In recent years, CATL has accelerated its overseas expansion efforts, establishing battery factories in European countries including Germany and Hungary. In December, CATL signed a joint venture ...