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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 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.
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.
TechNode
8h
CATL to announce new factory in Europe this year: executive
CATL is hoping to announce a plan to build a new joint factory with an original equipment manufacturer (OEM) in Europe this ...
2d
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 ...
3d
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 ...
Interesting Engineering
8d
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 ...
Electrek
1d
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.
16d
How Washington's tag on China's CATL could affect Tesla
Washington's addition of CATL to a list of firms it says work with China's military could put Tesla founder Elon Musk in a ...
7d
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 ...
autoevolution
3d
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
4d
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 ...
Money Talks News on MSN
1d
Lightning-Fast Charge: GM and CATL's EV Battery Revolution
General Motors partners with Chinese battery giant CATL to create the fastest-charging EV battery yet. The new technology ...
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