Contemporary Amperex Technology

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Contemporary Amperex Technology Co. Limited (CATL)
Traded asSZSE: 300750
ISINCNE100003662 Edit this on Wikidata
IndustryAutomotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
Founded2011; 9 years ago (2011)
FounderZeng Yuqun (called Robin Zeng in the west)
Headquarters
Ningde, Fujian Province
,
Key people
Zhou Jia (CEO)
Number of employees
10,000 (2016)[1]
Websitewww.catlbattery.com Edit this on Wikidata

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).[2] It is headquartered in Ningde, Fujian Province[3] and operates manufacturing bases in Ningde, Qinghai and Liyang. Its three main R&D centers are based in Ningde, Shanghai and Berlin.[4]

CATL's annual sales volume amounted to 21.18 GWh of energy storage capacity in 2018.[5] 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.[6]

In 2018, it was announced that CATL will establish a new battery factory in Arnstadt, Thuringia, Germany.[7]

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.[8][9]

Partnerships[edit]

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,[10] Hyundai,[11] Honda,[12] BMW,[13] Daimler AG, Tesla, Toyota, Volkswagen, and Volvo.[9] BMW announced in 2018 that it would buy €4 billion worth of batteries from CATL for use in the electric Mini and iNext vehicles.[7]

In China, its clients include BAIC Motor, Geely Automobile, GAC Group, Yutong Bus, Zhongtong Bus, Xiamen King Long, SAIC Motor and Foton Motor.[14][15]

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.[1][16]

References[edit]

  1. ^ a b "Valmet Automotive and CATL form a strategic partnership in electric vehicle solutions – CATL invests in Valmet Automotive to become an important owner". www.valmet-automotive.com. Retrieved 2017-03-29.
  2. ^ "CATL Company Profile". www.catlbattery.com. Archived from the original on 2017-02-25. Retrieved 2017-03-29.
  3. ^ Reuters. "Chinese Battery Maker Taking on Global Electric Car Market". Fortune. Retrieved 2017-06-17.
  4. ^ "CATL Global deployment". www.catlbattery.com. 2018-06-12. Retrieved 2018-06-12.
  5. ^ "Achievement-CATL". www.catlbattery.com. Retrieved 2020-02-18.
  6. ^ "Power surge: Chinese electric car battery maker charges for global market". Reuters. 2016-12-25. Retrieved 2017-03-29.
  7. ^ a b Geuss, Megan (July 9, 2018). "Chinese firm will build battery factory in Germany to supply BMW, Volkswagen". Ars Technica. Archived from the original on July 9, 2018.
  8. ^ "A Million-Mile Battery From China Could Power Your Electric Car". Bloomberg.com. 7 June 2020. Archived from the original on 8 June 2020.
  9. ^ a b "Tesla battery supplier Catl says new design has one million-mile lifespan". BBC.com. 8 June 2020. Archived from the original on 8 June 2020.
  10. ^ Editorial, Reuters. "PSA chooses LG and China's CATL for batteries in future hybrid car". Reuters UK. Retrieved 2017-03-29.
  11. ^ "Hyundai chooses Chinese battery supplier". Nikkei. Archived from the original on 2017-05-02. Retrieved 2017-05-02.
  12. ^ "China's CATL to supply Honda with EV batteries through 2027". Nikkei Asian Review. Retrieved 2019-03-01.
  13. ^ "Electric cars: China's battle for the battery market". www.ft.com. Retrieved 2017-03-29.
  14. ^ "Battery Maker Helping Power China Electric Car Boom Plans IPO". Bloomberg.com. 2016-09-01. Retrieved 2017-03-29.
  15. ^ "Global Li-ion Power Battery Industry Report, 2017-2020 with Focus on the Chinese Market - Research and Markets". Retrieved 2017-03-29.[permanent dead link]
  16. ^ Forsell, Tuomas (2017-01-30). "Chinese battery maker CATL buys stake in Finnish car supplier". Reuters. Retrieved 2017-06-17.