CATL, the renowned Chinese battery manufacturer, has recently disclosed plans for an upcoming new product launch conference scheduled for August 16th at 3 PM (Chinese timing). The official poster for the event has refrained from divulging specific details about the products or technologies to be showcased, leaving enthusiasts and industry experts alike eager to uncover what surprises the company has in store.
In a notable departure from its former slogan, CATL has adopted the intriguing phrase “far-reaching” as its new rallying cry, hinting at its potential strides in innovation and market penetration.
New product is on the way! Stay tuned for CATL new product launch at Beijing time 3pm on August 16. pic.twitter.com/ZwSeyguuMJ
— CATL (@catl_official) August 7, 2023
See also: Global EV Battery Market Sees Impressive Growth in H1 2023, CATL Leads with 36.8% Market Share
Industry insiders speculate that the upcoming conference may introduce a range of cutting-edge products and technologies, including 4C charging, Kirin batteries, M3P batteries, and advancements related to condensed matter batteries. Notably, CATL had earlier showcased its condensed matter battery during the Shanghai Auto Show, boasting an impressive energy density of 500Wh/kg.
The latest financial reports also indicate remarkable growth for CATL, positioning itself as a major player in the global battery industry. For the first half of the year, CATL recorded a staggering revenue of 189.25 billion yuan ($26.312 billion), representing an impressive year-on-year surge of 67.52%. The net profit attributed to the company’s shareholders reached 20.717 billion yuan ($2.88 billion), showcasing a notable year-on-year increase of 153.64%. The basic earnings per share also stood at 4.7201 yuan ($0.65) per share, underscoring the company’s robust performance.
