The market value of Ningde era falls below the trillion yuan mark

CATL fell by more than 1% near the end of the session, falling below the previously fixed price of 410 yuan, and the total market value fell below the trillion yuan mark. Data shows that CATL has fallen by more than 26% since its high point on August 24, and its market value has evaporated by more than 340 billion yuan.

CATL was established in 2011, focusing on the research and development, production, and sales of new energy vehicle power battery systems and energy storage systems. The core technologies include power and energy storage batteries, materials, battery cells, battery systems, battery recycling, secondary utilization, and other whole industry chain research and development and manufacturing capabilities.

Judging from the data on the loading volume of domestic power battery companies released by the China Automotive Power Battery Industry Innovation Alliance, in August 2022, the loading volume of CATL reached 12.99GWh, accounting for 46.79%, ranking first; January-August 2022, CATL's loading volume reached 76.90GWh, accounting for 47.45%, ranking first.

According to the financial data released by CATL, in the first half of 2022, CATL’s revenue was 112.97 billion yuan, a year-on-year increase of 156.32%; the net profit attributable to listed shareholders was 8.168 billion yuan, a year-on-year increase of 82.17%.

According to the latest data from SNE Research, an energy market research organization, the global power battery market reached 59 trillion won (about 296.7 billion yuan) in the first half of this year, of which CATL had a market share of 30% (17.9 trillion won), ranking first.

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