Source: Tech – South China Morning PostThe release of two electric vehicle (EV) battery packs targeted specifically at the European market has brightened the earnings outlook for Contemporary Amperex Technology (CATL) whose market share jumped in China last month.
Fujian-based CATL, the world’s largest EV battery producer, delivered 26.45 gigawatt-hours (GWh) of batteries in August, up 26 per cent from the previous year.
Its share of the domestic market hit 42.4 per cent for the month, up from 41.4 per cent in July, according to the…Read More