The world’s largest EV battery maker warned that it expects to report less revenue in 2024 than the previous year, sending share prices down on Wednesday. CATL (SHE: 300750) stock dipped after its 2024 Annual Performance Forecast was released. Here’s a preview of CATL’s financials for last year.
CATL stock falls on lower 2024 revenue expectations
CATL released the forecast in a filing with the Shenzen Stock Exchange late Tuesday, previewing its full-year 2024 financials.
The battery giant expects annual revenue of between RMB 356 billion ($48.9 billion) and RMB 366 billion ($50.3 billion), suggesting an 11.20% to 8.71% decrease from 2023. This would mark CATL’s first time reporting lower annual revenue than the year before.
CATL said that although sales volume was up, the lower expectations were due to falling raw material prices, including lithium carbonate. Despite this, the company still expects to post annual net income of RMB 49 billion ($6.7 billion) to RMB 53 billion ($7.3 billion), which would be up 11.06% to 20.12% from 2023.
Excluding non-recurring gains and losses, CATL expects net profit attributable to shareholders between RMB 44 billion ($6 billion) and RMB 47 billion ($6.5 billion), up 9.75% to 17.23% from 2023.
CATL 2024 revenue and net income forecast (Source: CATL/ Shenzhen Stock Exchange)
CATL said the higher net profits were “mainly due to the company’s technological research and development capabilities.” It also said the competitiveness of its products continues to increase.
After launching a series of new products and technology while expanding its partnerships last year, CATL expects “steady growth” in performance.
CATL Choco-Swap EV battery swap station (Source: CATL)
Just yesterday, a local report from Jieman claimed CATL expected to announce plans for yet another EV battery plant in Europe as it expands its global reach. The new facility would be in addition to the one revealed last month with Stellantis and CATL’s fourth in Europe.
According to SNE Research, CATL remained the world’s largest EV battery maker, commanding 36.8% of the global market through the first 11 months of 2024.
CATL launches new Bedrock Chassis (Source: CATL)
CATL launched its new Bedrock Chassis last month, which it calls “the world’s first ultra-safe” EV skateboard chassis. It’s also aggressively expanding its EV battery swap plans with a new line of Choco-SEB batteries, which make swapping even quicker than filling a gas tank (within 100 seconds).
CATL stock chart January 2023 through January 2024 (Source: TradingView)
Despite the confidence and higher net profits, CATL’s stock slipped around 2% on Wednesday following the lower revenue expectations.
CATL shares are still up nearly 70% over the past 12 months, as the EV battery leader launched new products and expanded its global market lead.
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Dodge is calling it the “world’s only” four-door muscle car. The four-door Dodge Charger Daytona EV will join the lineup for the 2026 model year, but that’s not the only change.
Dodge Charger Daytona EV adds four-door trim for 2026
Last week, we learned Dodge would not offer the entry-level Charger Daytona R/T in 2026. CEO Matt McAlear told Motor1, “Production of the Dodge Charger Daytona R/T is postponed for the 2026 model year as we continue to assess the effects of US tariff policies.”
It looks like Dodge has another idea. The four-door electric Charger officially debuted Wednesday during a first drive event in Elkhart Lake, Wisconsin.
According to McAlear, the new sedan “embodies the same look and feel as the coupe, with the same widebody exterior, driver-centric interior, muscle car performance and standard all-wheel-drive capability, combined with four-door practicality.
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The two and four-door models share a similar coupe-like design and a wide body (the widest of any car in the industry). Dodge said the four-door design only further accentuates the Charger’s powerful presence.
2026 Dodge Charger Daytona four-door EV sedan (Source: Stellantis)
Like the two-door version, the four-door model arrives with a spacious “hidden hatch” interior, boasting best-in-class rear cargo and passenger space. With up to 38.5 cu ft of rear cargo space, the four-door variant offers 133% more than the outgoing Charger.
Meet the world’s only four-door muscle car
The interior features a 16″ infotainment system at the center with a 12.3″ driver display, featuring wireless Android Auto and Apple CarPlay capabilities.
Both two and four-door 2026 Charger Daytona Scat Pack models come with different drive modes (sport, track, drag, custom, etc.), Dodge’s Fratzonic Chambered Exhaust system, and Powershot (delivering an extra 40 hp for 10 seconds at the push of a button).
The available Track Package is the largest brake package offered for any Dodge vehicle. It adds 16″ Brembo vented rotors and red six-piston front/four-piston rear fixed calipers, which increase swept area by more than 30% compared to the outgoing SRT model.
With a level 3 charger, the 2026 Dodge Charger Daytona EV can recharge from 20% to 80% in as little as 24 minutes.
2026 Dodge Charger Daytona with Fratzog dual stripes (left) and gloss black painted hood (right) (Source: Stellantis)
New “Fratzog dual stripes” and gloss paint hood options will be available on two and four-door 2026 Dodge Charger EV models.
For every 2026 Charger model (two- and four-door), Dodge is offering the chance to visit Radford Racing School for a day, the official high-performance driving school of Dodge and SRT.
2026 Dodge Charger Daytona EV Scat Pack four-door (left) and two-door (right) (Source: Stellantis)
Both variants offer “Hellcat Redeye levels of performance,” with 670 hp and 627 lb-ft of torque, capable of a 0 to 60 mph sprint in just 3.3 seconds.
Orders are now open for the four-door and two-door 2026 Dodge Charger Daytona EV and will begin arriving at dealerships later this year.
To make room for the 2026 models, Dodge is offering massive discounts, with up to $13,500 off on the outgoing Charger Daytona EV. If you’re interested, you can use our link to view 2025 Dodge Charger Daytona models near you today.
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All-electric, autonomous aircraft developer Wisk Aero announced a fresh five-year research partnership with NASA to establish advanced air mobility standards to eventually introduce autonomous aircraft into the National Airspace System (NAS).
Wisk Aero is a wholly owned subsidiary of Boeing based in California. The company’s flagship model, the Cora, is an all-electric aircraft that predates the Wisk Aero brand and has seen several generational variants over the seven years or so.
In 2020, Wisk Aero joined NASA’s Advanced Air Mobility Project, part of the space administration’s Aeronautics Research Mission Directorate, to address key AAM industry challenges and lay the framework for future autonomous passenger flights.
Since then, Wisk and NASA have continued collaborating to develop key guidance for the safe integration of autonomous aircraft systems for urban air mobility (UAM) operations under that initial Space Act Agreement.
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This week, Wisk Aero and NASA committed another five years to their research partnership. They hope to bring regulated and autonomous aerial flight to the public by the end of the decade.
Source: Wisk Aero
Wisk and NASA extend partnership another five years
Per Wisk, this new agreement focuses on critical research led by NASA’s Air Traffic Management Exploration (ATM-X) project, which is centered around the advancement of commercialized autonomous aircraft travel under Instrument Flight Rules (IFR) in the National Airspace System (NAS).
As a specialist in autonomous, zero-emission aircraft, Wisk intends to continue its research alongside NASA to help regulators determine future eVTOL flight procedures and capabilities in the US. Regulatory developments on the to-do list for the latest NRSAA include optimizing airspace and route designs for highly automated UAM operations, establishing critical aircraft and ground-based safety system requirements for autonomous flight in urban environments, and establishing Air Traffic Control (ATC) communication protocols and procedures for seamless integration of future UAM aircraft.
To achieve these goals, Wisk said its research with NASA will more specifically focus on utilizing advanced simulation and Live Virtual Constructive (LVC) flight environments, which combine live flights with a simulated airspace to enable researchers to assess future operations. Erick Corona, Director of Airspace Operational Integration at Wisk, elaborated:
This new, long-term agreement with NASA is a significant step forward for Wisk and the broader UAM industry. With NASA’s simulation and LVC capabilities, we can accelerate the development of our Gen 6 autonomous systems to safely and efficiently integrate into the US NAS before the end of the decade.
The teams from Wisk and NASA already met last month, continuing their research while beginning to determine how instrument flight procedures and advanced technologies can work together to enable safe autonomous passenger flights by 2030.
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Fluence Energy has officially started production at its new factory in Goodyear, Arizona, where it’s now cranking out steel enclosures and battery management system (BMS) hardware for its grid-scale energy storage systems.
This plant is part of the Washington, DC-headquartered global battery storage company’s larger push to build and source every major part of its battery energy storage systems in the US. The company’s domestic supply chain spans Arizona, Texas, Tennessee, and Utah, covering everything from battery cells and thermal systems to Fluence’s inverter supplier in South Carolina.
The partnerships represent around $700 million in investment and more than 1,200 manufacturing jobs in 2025 alone. Add another 450 construction jobs and growing, a significant economic spark.
John Zahurancik, president of Fluence Americas, says the rapidly expanded domestic supply chain helps customers steer clear of global supply chain snarls while ensuring the company’s systems stay safe, reliable, and cybersecure. “Enclosure and BMS production at the Goodyear facility is another strong step forward in this commitment,” he said.
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The American Clean Power Association (ACP) recently unveiled the US energy storage industry’s bold plan to invest $100 billion into American-made grid batteries by 2030. The goal is to meet 100% of domestic energy storage demand using US-based supply chains and create 350,000 jobs in the process.
“Fluence is leading the way,” said ACP CEO Jason Grumet. “Their investment in Arizona – a national leader in energy storage – underscores the momentum behind expanding US manufacturing, strengthening energy security, creating high-quality jobs, and supporting key suppliers, including American steel.”
Fluence’s products will also be critical in helping to keep the grid stable as the demand for power rapidly increases. The company already has more than 20,000 megawatt-hours of battery storage deployed or in the pipeline across 80+ projects in the US.
“Our goal is to fully onshore production, as quickly as possible,” said Peter Williams, Fluence’s chief product and supply chain officer. “This facility brings us closer to that goal.”
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