Chinese EV battery giant CATL posts 33% surge in Q1 profit

Chinese EV battery giant CATL posts 33% surge in Q1 profit

The world's leading maker of electric vehicle batteries, Chinese firm CATL, posted a 32.9 percent jump in first quarter profit, even as demand for electric vehicles slows.

South Africa’s EV surge hinges on recycling, says Desco chief - SME Tech Guru

Desco Electronic Recyclers, a leader in sustainable e-waste management, took centre stage at the recent Enabling Electrification panel discussion, part of the Navigating the Future of Supply Chains in South Africa conference. Held at Irene Country Lodge in Pretoria, the event convened over 100 industry leaders, including auto-mobility, mining, and logistics professionals, to address critical challenges in scaling electrification across the regio…

Bosch, X-Motors, CATL Launch First Bosch Car Service Flagship in Indonesia

SHANGHAI, April 15, 2025 /PRNewswire/ -- Bosch, a leading global supplier of technology and services, signed a master license agreement for Bosch Car Service in Indonesia with X-Motors, a service provider that enables accelerated globalization for leading automakers. This agreement marks a new stage in the cooperation between X-Motors and Bosch Car Service in the automotive aftermarket and provides strong support for leading automakers expanding…

Interest in electric vehicles sparks back to life as sales grow in Q1

Electric vehicle registrations in Ireland rose significantly in Q1 2025, according to new analysis from Cartell.ie. Based on SIMI data, the analysis highlights the surge in EV uptake, particularly in regional areas.  Tipperary led the growth, with registrations up 116% year-on-year. Offaly and Kerry followed, recording increases of 86% and 65% respectively.  According to SIMI, new car registrations have risen by 4% in 2025, with 64,824 registere…

CATL Says New Battery Swap Compatible Models to Arrive Later This Year

CATL, the world's largest battery maker, published on Monday its first-quarter earnings results, reporting a 33% increase in net profit to 13.963 billion yuan, equivalent to $1.9 billion. Revenue jumped 6.2% to 84.7 billion yuan ($11.5 billion.)

CATL can turn Trump’s tariffs to its advantage

The world’s largest battery maker grew earnings by 33% in the first quarter. It may be on a roll. Levies and security concerns thwarted its US plans, but Washington’s chaotic trade regime and lack of support for electrification give Chinese EV pioneers a sharper edge in Europe.