Contemporary Amprex Technology carried out the Chinese battery (CATL), which was filmed here on April 2, 2020, to the first overseas factory in Germany in late 2019, and plans to add up to 2000 jobs there by 2025.
Martin Shot Photo alliance Gety pictures
China Contemporary amperex technology On Friday, it published a 9.7 % decrease in annual revenue, as the price war in the electric vehicle market on the mainland benefited from the largest battery maker in the world.
The revenues of the 12 -month period ended in December 362 billion yuan (50.01 billion dollars), with a little less than the estimates of 368.7 billion yuan. It was the first decrease in the company in the annual revenue since the company started issuing its operating numbers in 2015.
Despite the annual decrease in revenue, net profit increased by 15 % on an annual basis to 50.74 billion yuan.
The profits come as the company It is scheduled to list On the Hong Kong Stock Exchange. Reuters I mentioned The deal is expected to collect at least $ 5 billion in what could be the largest general offer in the city since the Chinese Tiktok competitor APNESIAHOU 'S A year of $ 5.32 billion In early 2021.
Chinese sales of electric cars – a major CATL market – turned into higher equipment last year as a mixture of subsidies and subsidized consumer purchase incentives. EV sales in China jumped by 40 % year on an annual basis to reach 11 million cars in 2024, according to data from the UK research company RHO movement.
CATL- The world's largest battery maker in the world, known for the production of low-cost but durable cells- Timingand Volkswagenand Carand New As major agents and enjoy a 45 % market share in China last year in terms of EV battery facilities, according to Innovation China Automotive Battery.
Catl is in Senzhen, the maximum of the market is 1.12 trillion yuan as of Thursday, according to LSEG data.
In January, the US Defense Ministry and the Chinese Internet giant developed Tinetnet In the list “Chinese military companies,” Which would prevent the administration from purchasing goods and services from these companies starting from June 2026. The company denied any participation in the army related business and said it will work with the Ministry of Defense to address the “wrong appointment”.
The company also looked careful last month that the uncertainty about the definitions was also dangerous to work in view of its global operation.
The battery maker has advanced forward with investments abroad, including batteries in Hungary for sale for proverbs Mercedes and BMWAnd also a Joint project With the auto industry company Stelantis To build a lithium iron phosphate plant in Spain.
