CATL reported revenue of RMB 79.77 billion in the first quarter, a new low since the second quarter of 2022.

The company's basic EPS for the first quarter of 2023 was revised downward to RMB 2.2342 from the previously announced RMB 4.0215.

The adjustment was due to CATL completing the capitalization of its capital reserve in April 2023, thus recalculating the metric, according to its financial report.

CATL's battery installations in January-February were 35.5 GWh, up 44.9 percent from 24.5 GWh in the same period last year, according to data released earlier this month by South Korean market researcher SNE Research.

The Chinese power battery giant continues to rank first in the world with a 38.4 percent share, and remains the only battery supplier in the world with a market share of more than 30 percent.

In China, CATL's installed base of 15.54 GWh of power batteries in March put it in first place with a 44.87 percent share, down 10.29 percentage points from February's 55.16 percent share, according to the China Automotive Battery Innovation Alliance (CABIA).

($1 = RMB 7.2386)

CATL plans to build plant with GM in North America through tech licensing, report says