CATL reports record revenue and profit while its stock drops to a nearly one-year low amid supply chain shifts
According to 虎嗅, CATL's A-share stock price fell below 300 yuan on September 16, hitting a nearly one-year low, despite the company recently reporting record revenue and profit. The article attributes this market shift to changing dynamics between battery makers and automakers, specifically highlighting Li Auto's strategic move to internalize battery cell R&D, Pack, BMS, and thermal management while outsourcing manufacturing.
Key facts
- 01CATL's A-share stock price dropped below 300 yuan on September 16, marking a nearly one-year low, even as the company reported record revenue and profit.
- 02Li Auto announced on September 7 that it would gradually switch future models to self-developed batteries, integrating cell R&D, Pack, BMS, and thermal management into its own technical system.
- 03On September 4, Li Auto invested 2.65 billion yuan in Sunwoda Power, resulting in an 11.17% stake after the transaction, while leaving battery manufacturing to specialized enterprises.
- 04The article frames Li Auto's move as a supply chain adjustment that signals a broader shift in the new energy vehicle industry, where automakers are reclaiming core battery technology capabilities.
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- 宁德时代，没有理想 · 虎嗅