CATL will work with Shandong to promote the development of the local new energy battery and materials, battery swap and energy storage industries, as well as the electrification of ships.

CATL installed 13.4 GWh of power batteries in China in June, ranking first with a 49.6 percent share, according to data released by the China Automotive Battery Innovation Alliance on July 11.

BYD (SHE: 002594, HKG: 1211, OTCMKTS: BYDDF) ranked second with a share of 18.53 percent, having installed 5.01 GWh of power batteries in China in June.

CATL unveils Qilin Battery, says it can easily achieve 1,000 km vehicle range