CATL

EV Market to Reach $1.31 Trillion by 2035 as Battery Costs Fall

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EV Market to Reach $1.31 Trillion by 2035 as Battery Costs Fall

Delray Beach – October 19, 2026 -- The global electric vehicle market will grow from USD 794.59 billion in 2026 to USD 1,312.73 billion in 2035, a 5.7% CAGR, according to MarketsandMarkets. The forecast rests on falling battery costs, faster charging and rising fuel prices that improve EV running economics.

EVs reached one in four new cars sold in 2025

More than 20 million electric cars were sold worldwide in 2025, up 20% year on year, according to the International Energy Agency (IEA). That equals 25% of new car sales. The IEA projects the share will reach 29% in 2026, driven by a strong second quarter.

Fuel prices are adding to demand. The IEA estimates that 2026 oil price increases raised annual fuel savings from driving an EV in the European Union by 35% compared with 2025.

YES-EU Opens 10,000 m2 CATL-Backed Battery Service Hub in Oslo

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YES-EU Opens 10,000 m2 CATL-Backed Battery Service Hub in Oslo

Zug, Switzerland – October 13, 2026 -- YES-EU, a Swiss-headquartered high-voltage battery service company, has opened a service center of more than 10,000 m2 in Oslo, Norway. The center was launched under a strategic partnership with NING Service, CATL's official aftermarket service brand. The hub will handle battery lifecycle management, hands-on training and certified repairs.

YES-EU targets 100 workshops in more than 20 countries

YES-EU plans to expand into more than 20 countries and build over 100 battery service workshops across Europe. It currently operates in Iceland, Norway, Denmark, Sweden, Finland, Germany, Switzerland (headquarters), Belgium, the UK, Ireland, France, Kosovo, Poland and Lithuania. Its localization manufacturing base is in Italy.

Lithium Compound Market to Hit $39.74B by 2034 on EV, Battery Demand

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Lithium Compound Market to Hit $39.74B by 2034 on EV, Battery Demand

Pune – October 05, 2026 -- The global lithium compound market is projected to grow from $9.82 billion in 2025 to $39.74 billion by 2034, a 16.8% compound annual growth rate, according to new analysis from Maximize Market Research.

Battery demand drives roughly 80% of global lithium consumption

Global lithium production reached approximately 130,000 tons in 2025 against consumption of around 134,000 tons, underscoring tight supply-demand balance. Lithium carbonate and lithium hydroxide dominate battery-grade applications, while lithium chloride, lithium bromide, lithium metal and butyllithium serve glass, ceramics, lubricants, metallurgy, air treatment and pharmaceutical markets. Stationary battery storage demand is growing at an estimated 40% annually, adding a new layer of consumption beyond electric vehicle batteries.

Envision Energy Named to Fortune's 2026 Change the World List

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Envision Energy Named to Fortune's 2026 Change the World List

Shanghai – September 29, 2026 -- Envision Energy has secured a spot on Fortune's 2026 Change the World list for the third time, recognized for its Mission Gobi initiative pairing AI computing infrastructure with renewable energy in desert regions.

Fortune honors Envision among 50 global companies tackling social and environmental challenges

The 2026 list includes Alphabet, Anthropic and CATL among other honorees. Envision's selection centers on Mission Gobi's approach to converging AI and green energy, positioning abundant renewable resources as infrastructure for next-generation computing.

Mission Gobi targets 5GW of green AI computing capacity by 2030

Launched in June 2026, the initiative aims to build green AI computing capacity across desert and arid regions worldwide, drawing on wind and solar resources in areas historically viewed as energy-constrained.

CATL Starts Trial Battery Cell Production at Hungary Plant

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CATL Starts Trial Battery Cell Production at Hungary Plant

Debrecen -- CATL began trial production on September 22, 2026 at its newly built battery cell factory in Debrecen, Hungary, after clearing all preconditions tied to its IPPC environmental permit.

Trial run targets first two production lines at Debrecen facility

The trial phase covers the first two production lines of the cell manufacturing plant, following the occupancy permit obtained in August 2026. CATL will use the period to set up, optimize and validate production equipment and manufacturing processes ahead of full series production.

County government confirms earlier compliance deficiencies resolved

The Hajdú-Bihar County Government Office conducted repeated on-site inspections before issuing the occupancy permit, responding to concerns previously raised by local residents. Authority representatives confirmed that CATL had resolved all deficiencies identified earlier in the permitting process.

CATL Launches TECTRANS II Battery, Signs DHL MoU for Green Freight

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CATL Launches TECTRANS II Battery, Signs DHL MoU for Green Freight

Hanover, Germany – September 17, 2026 -- Contemporary Amperex Technology Co., Limited (CATL) unveiled its next-generation commercial vehicle battery platform, TECTRANS II, at IAA Transportation 2026, claiming a gravimetric energy density of 170 Wh/kg, roughly 13% above the industry average.

TECTRANS II cuts OEM development costs by up to 70%

CATL said the modular platform, which standardizes external dimensions, electrical interfaces and communication protocols across battery packs, helps original equipment manufacturers shorten vehicle development cycles by 50% and reduce R&D costs by 60% to 70%. The platform supports both e-axle and central-drive architectures and allows switching between charging and battery swapping without major changes to vehicle design.

FOTON Exports Jump 44.3% as It Unveils Europe Strategy at IAA Hanover

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FOTON Exports Jump 44.3% as It Unveils Europe Strategy at IAA Hanover

Hanover – September 12, 2026 -- FOTON exported 149,000 vehicles between January and August 2026, up 44.3% year-on-year, as the Chinese commercial vehicle maker uses IAA Transportation 2026 in Hanover to launch a full European market strategy.

FOTON occupies over 1,000 square meters in Hall 21 under the theme 'EASY MOVE'

The company is displaying seven complete vehicles and six in-house-developed key components spanning long-haul logistics, urban waste collection, city distribution and public passenger transport. Exhibits include new-energy models alongside self-developed high-performance batteries, electric axles, electronic control systems and multi-megawatt charging stations.

FOTON Reports 44.3% Export Surge, Unveils Europe Strategy at IAA Hannover

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FOTON Reports 44.3% Export Surge, Unveils Europe Strategy at IAA Hannover

Hannover – September 12, 2026 -- Chinese commercial vehicle maker FOTON reported an export volume of 149,000 units between January and August 2026, a 44.3% increase year-on-year, as it opened a 1,000-square-meter exhibit at IAA Transportation 2026 in Hannover.

FOTON deploys seven vehicles and six self-developed components at Hall 21 booth

Under the theme "EASY MOVE," the company is showcasing seven complete vehicles and six core components engineered for European transport scenarios spanning long-haul logistics, urban waste collection, city delivery, and public transit. The lineup includes new-energy drive models alongside self-developed batteries, e-axles, electronic control units, and megawatt charging stations.

FOTON Exports Jump 44.3% Ahead of Full Product Lineup at IAA Hannover

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FOTON Exports Jump 44.3% Ahead of Full Product Lineup at IAA Hannover

Beijing – September 12, 2026 -- FOTON's export volume reached 149,000 units between January and August 2026, up 44.3% year-on-year, as the Chinese commercial vehicle maker prepares to showcase its full new-energy lineup at IAA Transportation 2026 in Hannover.

FOTON occupies over 1,000 square meters in Pavilion 21 with a seven-vehicle, six-component display

Under the theme "EASY MOVE," the exhibit spans long-haul logistics, urban sanitation, city delivery, and public passenger transport. On display are new-energy vehicle models alongside self-developed heavy-duty batteries, electric axles, electronic control systems, and megawatt charging stations, underscoring in-house R&D across the value chain.

China's NEV Brands Hit 77.4% Domestic Share on Full-Chain Tech

Beijing – September 03, 2026 -- Chinese-brand passenger vehicles captured 77.4 percent of the domestic market in July 2026, up from 40.3 percent in 2023, as full-chain technology integration and automated "super factories" reshape the global electric-vehicle industry.