Latest news with #battery
Bloomberg
3 hours ago
- Business
- Bloomberg
CATL Earnings Beat Estimates, Defying Falling Batteries Prices
Chinese battery producer Contemporary Amperex Technology Co. Ltd. posted a 34% rise in profit for the second-quarter, with its outlook further buoyed by a blockbuster share sale in Hong Kong that will fund its global expansion. The company posted net income of 16.6 billion yuan ($2.3 billion) in the three months ended June 30, according to Bloomberg News calculations, beating analyst estimates. Profit for the first half increased 33% to 30.5 billion yuan, according to a Hong Kong stock exchange filing Wednesday.
Yahoo
3 hours ago
- Automotive
- Yahoo
Panasonic Energy Q1 profit grows 47% year-on-year on AI boom
TOKYO (Reuters) -Panasonic on Wednesday said first-quarter operating profit at its battery-making unit grew 47% as an AI investment boom offset the negative impact of U.S. tariffs and the termination of electric vehicle tax credits. Profit at the unit, which makes batteries for Tesla and other EV makers, rose to 31.9 billion yen ($215.6 million). Concerns remain over a further slowdown in EV demand due to U.S. tariff policies and the termination of the IRA 30D tax credit, Panasonic said in a presentation slide, but noted that demand for energy storage systems for data centres is "growing more than anticipated". For the full-year ending in March 2026, the company maintained its operating profit forecast for the energy unit of 167 billion yen. However, Panasonic Group Chief Financial Officer Akira Waniko said on a conference call that it "seems inevitable" that its projection of 46 gigawatt hours (GWh) for EV battery sales in North America for the fiscal 2025/26 year will be downscaled. It should at least surpass fiscal 2024/25's 38.1 GWh, Waniko added. Panasonic Holdings said in May it would cut 10,000 staff and expected to book restructuring costs of 130 billion yen as part of a push to improve group profitability. The electronics manufacturer said at the time it did not expect to book any restructuring costs in its energy business. Last week, Panasonic Energy's major customer Tesla warned of fallout from the U.S. government's legislation to cut a $7,500 tax credit for EV buyers. Panasonic Energy operates a plant in the U.S. state of Nevada that provides batteries to Tesla and earlier this month started production at its second U.S. plant, in Kansas. It also makes energy storage systems for data centres in its consumer business, which in the April-June quarter saw a rapid rise in demand owing to massive AI-related investments, the company said. But both auto batteries and consumer energy storage systems would see a certain impact from U.S. President Donald Trump's tariffs, it said, adding it would offset additional tariff costs by price revisions. Panasonic Energy is investing in new battery technologies as it competes with Chinese and South Korean rivals such as CATL and LG Energy Solution (LGES) in the global EV supply chain. Last week, LGES warned of slowing demand by early next year due to U.S. tariffs and policy uncertainties after it reported a profit jump for the April-June period. ($1 = 147.9400 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
4 hours ago
- Automotive
- CNA
Chinese battery maker CATL reports faster profit growth in second quarter
BEIJING :Chinese electric vehicle battery giant CATL's net profit grew at a faster rate in the second quarter of 2025, even as it came under pressure from a bruising EV price war in its home market. Net profit jumped 34 per cent from a year earlier to 16.5 billion yuan last quarter, accelerating from a 32.9 per cent rise in first-quarter profit, while revenue was up 8.3 per cent year-on-year to 94.2 billion yuan, against a 6.2 per cent increase in Q1, according to a stock filing on Wednesday. For the first half of 2025, profit increased 33 per cent while revenue grew 7.3 per cent.
Android Authority
5 hours ago
- Android Authority
Galaxy Tab S11 Ultra leak reveals battery and charging info
Ryan Whitwam / Android Authority TL;DR A new certification has revealed details about the upcoming Galaxy Tab S11 Ultra's battery and charging speeds. The Tab S11 Ultra will feature a minor upgrade in battery capacity over the last generation. However, there are no increments in charging speed, which remains unchanged at 45W. Samsung recently concluded the second major launch of the year, where it announced the latest foldables and a refreshed Galaxy Watch lineup. Besides these, we're still waiting for two major launches from Samsung this year, including the Galaxy S26 FE and the latest tablet portfolio. Of these, the Tab S11 has already been confirmed to launch soon, and we're now gathering details about it through trustworthy leaks. Earlier this year, we learned about Samsung downsizing the tablet lineup, as also expected of the upcoming Galaxy S26 series, and the likelihood of just two new tablets in the Galaxy Tab S11 series: the Galaxy Tab S11 and the Galaxy Tab S11 Ultra. We have already seen the Tab S11 Ultra in leaked digital renders, revealing a notch-ed display and design that doesn't look much upgraded. However, a recent report informs us that Samsung may be looking at a battery upgrade on the Ultra tablet, after all. According to regulatory listing on the online portal of Finland's SGS Fimko, found by XpertPick, the Galaxy Tab S11 Ultra will house an 11,600mAh battery. This is a meager 400mAh — or a 3.5% — increment over last year's Galaxy Tab S10 Ultra. The listing also reveals the Galaxy Tab S11 Ultra will offer up to 45W fast charging, which remains unchanged from the previous generation. The listing further reveals the model numbers for different variants of the Tab S11 Ultra. Taking previous generations as guides, XpertPick notes SM-X936B, SM-X936N, and SM-X930 are identifiers for 5G, Wi-Fi-only, and Korea-specific models of the tablet. Additionally, previous Geekbench listings have also indicated the Galaxy S11 Ultra will be equipped with a MediaTek Dimensity 9400+ chipset, which is an overclocked variant of the standard Dimensity 9400. Although we look at Geekbench listings with skepticism, it aligns with our previous findings about the tablet's SoC. We have yet to learn other details about the Ultra, particularly, but we expect it to launch with the vanilla Galaxy Tab S11. We also expect the Galaxy Tab S10 Lite to launch sometime soon, though it may not arrive separately from the flagship lineup. Follow
Android Authority
5 hours ago
- Android Authority
The Pixel 10 Pro Fold dimensions tell a grim yet promising story
Late last week, we got a sneak peek at the upcoming Pixel 10 series' dimensions. While all phones in the line-up are getting heavier than their predecessors in the Pixel 9 series, it's the Pixel 10 Pro Fold that jumped out to me, mostly because it's eschewing the entire foldable industry's trend right now. The Pixel 10 Pro Fold is slightly narrower than the 9 Pro Fold (while also sporting smaller bezels and a larger outer display), but it's a little thicker when unfolded, even thicker when folded, and 1 gram heavier. When every other foldable is boasting thinner and lighter designs, the Pixel 10 Pro Fold already seems left out as a vestige of foldables' past. But I have a bit of hope that it's not all doom and gloom for Pixel foldable fans. Are you Ok with the Pixel 10 Pro Fold getting thicker to fit a larger battery? 0 votes Yes, I'll take more battery any day any way. NaN % No, I want my foldable to be slim and usable with one hand. NaN % Why not both? Silicon-Carbon batteries are thin AND have more capacity! NaN % I'm indifferent. NaN % The Pixel 9 Pro Fold bucked the trend; the 10 Pro Fold is lagging behind Rita El Khoury / Android Authority Oh, what a difference a year makes! In August of 2024, when Google announced the Pixel 9 Pro Fold, it had a big advantage over other foldables (read: the Samsung Galaxy Z Fold 6) in the US and most Western countries. Google's foldable had considerably slimmed down from the chunky and stubby first-gen Pixel Fold, opting for the more practical narrow+tall display ratio, and going for a very pocketable and hand-friendly 10.5mm thickness when folded. That made the Pixel 9 Pro Fold more lovable and pushed the phone into 'easy to recommend' territory. My brother-in-law bought one solely because it was easier to hold and use than the 2024 Galaxy Z Fold 6. And he's not alone. After talking to many regular users about foldables over the last few years, I came to the following conclusion: thickness, width, and durability are the biggest drawbacks to usability and adoption. Everyone who saw the original Pixel Fold with me marveled at the tech but instantly claimed, 'I could never use that daily.' Why? 'Too wide and too thick to hold,' and 'afraid I'd break it.' Thinness is not a perk for foldables; it's a necessity. If a foldable isn't thin enough to be easily used single-handed in everyday life, it won't win any hearts. Putting aside the durability question for a bit, the consensus around size was that a book-style foldable should be as usable as a regular Android smartphone when folded, because no one wanted to bother opening the display each time they had to read or reply to a message. They needed a phone they could walk and text on single-handed; they didn't want to carry a tablet every second of their lives. The closer a foldable got to a regular phone's dimensions, the better it was. The big, unfolded display would be an extra perk when they'd have a moment to sit down and enjoy it. I wholeheartedly agree with those thoughts. And that's why I enjoyed the Pixel 9 Pro Fold much more than the Pixel Fold. The single-handedness made it a more viable smartphone, as well as being an excellent foldable. Rita El Khoury / Android Authority Now, in 2025, Google is taking a minor step back on paper with the Pixel 10 Pro Fold, but it's a bigger downgrade in reality. The foldable landscape has significantly changed, with many thinner and lighter foldables around. And Google's biggest competitor in the US has now caught up to it and leaped ahead: The Samsung Galaxy Z Fold 7 is a marvel to look at. It no longer has the tall TV remote control aspect ratio, but a wider and more usable outer display, as well as a super thin footprint when unfolded and — most importantly — when folded. At 8.9mm folded, the Galaxy Z Fold 7 is so much thinner than the Pixel 9 Pro Fold, and everyone who's used it has praised its one-handed usability in everyday life due to this slimmer profile. 0.1mm extra thickness isn't much on paper, but when your competition is a full 1mm thinner, you're clearly lagging behind. Instead of catching up to this, the Pixel 10 Pro Fold is regressing, adding a few millimeters compared to the 9 Pro Fold, and suddenly becoming the outlier in the flagship foldable race. Samsung literally changed the game overnight with the Z Fold 7, and Google clearly can't keep up. Pixel 9 Pro Fold Pixel 10 Pro Fold Samsung Galaxy Z Fold 7 Height folded (unfolded) Pixel 9 Pro Fold 155.2mm (155.2mm) Pixel 10 Pro Fold 155.2mm (155.2mm) Samsung Galaxy Z Fold 7 158.4mm (158.4mm) Width folded (unfolded) Pixel 9 Pro Fold 77.1mm (150.2mm) Pixel 10 Pro Fold 76.3mm (150.4mm) Samsung Galaxy Z Fold 7 72.8mm (143.2mm) Thickness folded (unfolded) Pixel 9 Pro Fold 5.1mm (10.5mm) Pixel 10 Pro Fold 5.2mm (10.8mm) Samsung Galaxy Z Fold 7 4.2mm (8.9mm) Weight Pixel 9 Pro Fold 257g Pixel 10 Pro Fold 258g Samsung Galaxy Z Fold 7 215g Battery Pixel 9 Pro Fold 4,650mAh Pixel 10 Pro Fold 5,015mAh Samsung Galaxy Z Fold 7 4,400mAh Thickness with benefits? For now, we have one valid explanation for the Pixel 10 Pro Fold's thicker body: a larger battery. An earlier rumor had suggested that Google will up the battery from a 4,650mAh cell in the 9 Pro Fold to 5,015mAh in the 10 Pro Fold — a 7.8% increase. Notably, though, that's a 13.9% larger battery than the 4,400mAh cell in the Galaxy Z Fold 7, which explains the added thickness as well as the 43 grams of extra weight. It's tough to say what the real-world benefits will be before I get to test this myself. Recent Pixels have been notoriously bad with battery life due to the demanding Exynos-inspired Tensor G4 based on Samsung Foundry's problematic 4nm manufacturing process. The new Pixel 10 series, including the 10 Pro Fold, will sport a TSMC-made Tensor G5, which should improve battery life on paper. Add the 7.8% larger battery, and Google's new foldable should see significant battery life gains, but will they be enough to match the great battery-sipping Qualcomm Snapdragon 8 Elite in the Z Fold 7, even if the latter has a smaller battery? Time will tell. We could've had a slimmer Pixel 10 Pro Fold with a larger Silicon-Carbon battery, but alas, no. My only regret, though, is that Google, just like Samsung, hasn't adopted the newer, smaller, and more efficient Silicon-Carbon batteries that we're seeing on OPPO, Xiaomi, vivo, and other foldables. We could've had the best of both worlds: a slim phone and a large battery, but Google has decided to skip this new technology and stick to the larger Lithium-ion batteries. Maybe next year, though? Aside from this battery explanation, we don't know if anything else is contributing to the Pixel 10 Pro Fold's chonkier body. Rumors suggest the cameras are staying largely the same, even potentially getting a minor downgrade, too. A larger sensor or better long-range zoom would've sweetened the deal a bit and made the thicker body more justifiable. I'll have to wait and see if Google surprises me with more unexpected features for the Pixel 10 Pro Fold when it announces it on August 20. For now, though, this is looking like a minor side-step for the series — not an upgrade, not a downgrade either. Perhaps the Pixel 11 Pro Fold will be the real step forward? Follow
