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.

Meanwhile, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015.

"The patent involved in the litigation relates to battery modules, and there is no infringement involved in the products of the company," CALB said. CALB has also applied to the China National Intellectual Property Administration to invalidate the patent involved, it added.

In the area of aftermarket services, SAIC Motor and CATL will look to co-develop new battery-swapping innovations and collaborate in the expansion of charging networks, in battery recycling and repurposing, and even in the used car business.

Shares in CATL, the world's leading battery manufacturer, fell by nearly 4% on Wednesday following the company's announcement of an expected decline in annual revenue for the first time since it began disclosing its operating figures in 2015.