Contemporary Amperex Technology
|Traded as||SZSE: 300750|
|Industry||Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling|
|Founder||Zeng Yuqun (called Robin Zeng in the west)|
|Zhou Jia (CEO)|
Number of employees
Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). It is headquartered in Ningde, Fujian Province and operates manufacturing bases in Ningde, Qinghai and Liyang. Its three main R&D centers are based in Ningde, Shanghai and Berlin.
CATL's annual sales volume amounted to 21.18 GWh of energy storage capacity in 2018. Based on annual shipments, CATL is the world's third largest provider of EV, HEV and PHEV battery solutions behind Panasonic (Sanyo) and BYD. The company aims to have a global lithium-ion production capacity of 50 GWh by 2020.
In June 2020, CATL's founder Zeng Yuqun announced that the company had achieved a battery for electric vehicles rated as good for 1 million miles (or 2 million kilometers) and was waiting to receive orders.
CATL’s battery technology is currently used by a number of electric vehicle manufacturers. In the international market, CATL is collaborating with a growing number of companies including: PSA, Hyundai, Honda, BMW, Daimler AG, Tesla, Toyota, Volkswagen, and Volvo. BMW announced in 2018 that it would buy €4 billion worth of batteries from CATL for use in the electric Mini and iNext vehicles.
In January 2017, CATL announced its plans to enter into a strategic partnership with Valmet Automotive, focusing its collaboration on project management, engineering and battery pack supply for EV and HEV. As part of the partnership, CATL acquired a 22% stake in Valmet Automotive.
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