CATL
Categories
#98
Rank
$157.02B
Marketcap
China
Country
Mr. Huang Shilin (Vice Chairman & Deputy GM)
Mr. Shu Zheng (Chief Financial Officer)
Energy and Utilities
Summary
Contemporary Amperex Technology Co., Limited (CATL) is a Chinese multinational company that specializes in the design, development, and production of lithium-ion batteries for electric vehicles (EVs) and energy storage systems. Founded in 2011, the company has quickly become a leading player in the rapidly growing global market for EVs and energy storage systems.CATL provides a range of battery solutions for a variety of applications, including passenger EVs, commercial EVs, and energy storage systems. The company has a strong focus on research and development, and is constantly working to improve the performance, safety, and sustainability of its battery technology.
In recent years, CATL has rapidly expanded its global presence, establishing partnerships with a number of leading auto manufacturers and establishing production facilities in multiple countries, including China, Germany, and Japan. With its focus on cutting-edge battery technology and its growing global presence, CATL is poised to continue to be a leading player in the rapidly growing market for EVs and energy storage systems. The company is listed on the Shanghai Stock Exchange and has a strong financial profile, with steady revenue and earnings growth.
History
Contemporary Amperex Technology Co., Limited (CATL) is a Chinese technology company that specializes in the research and development of lithium-ion batteries for electric vehicles. The company was founded in 2011 and has since become one of the world's leading manufacturers of electric vehicle batteries.
CATL's history begins in 2011 when the company was founded in Ningde, China by entrepreneur Zeng Yuqun. The company initially focused on the production of batteries for portable electronics such as laptops and mobile phones. However, in 2014, CATL began to shift its focus towards electric vehicle batteries, recognizing the potential of the growing electric vehicle market.
In 2015, CATL began to expand its production capacity, building a new factory in Qinghai Province, China. The factory was designed to produce large quantities of lithium-ion batteries for electric vehicles and was one of the largest battery factories in the world at the time.
Over the years, CATL has continued to invest heavily in research and development, with a particular focus on improving the performance and safety of lithium-ion batteries. In 2016, the company opened a research and development center in Germany, which allowed it to tap into the country's expertise in the automotive industry.
In 2017, CATL made headlines when it signed a major supply agreement with BMW. Under the agreement, CATL would supply BMW with batteries for its electric vehicles, marking a major milestone for the Chinese company.
In the years that followed, CATL continued to expand its customer base, signing supply agreements with a number of major automakers including Volkswagen, Toyota, and Volvo. The company also expanded its production capacity, opening new factories in China and Europe.
In 2018, CATL went public on the Shenzhen Stock Exchange, becoming one of the first Chinese companies to specialize in electric vehicle batteries to do so. The company's initial public offering (IPO) was one of the largest in Chinese history, raising over $1.8 billion.
Today, CATL is one of the world's largest manufacturers of lithium-ion batteries for electric vehicles, with a market share of around 28%. The company is committed to investing in research and development, with the goal of continuing to improve the performance and safety of its batteries. With the global shift towards electric vehicles showing no signs of slowing down, CATL is well-positioned to continue to play a leading role in the industry for years to come.
Mission
CATL's mission is to enable the transition to a more sustainable, low-carbon society by providing clean, reliable and affordable energy storage solutions. CATL is focused on developing and delivering advanced energy storage technologies that are safe, reliable, cost-effective and environmentally friendly. The company is committed to providing customers with energy storage solutions that are tailored to their specific needs and maximize their return on investment. CATL is also committed to providing services that ensure the customer's energy storage system is deployed and operated safely and reliably.
Vision
CATL's vision is to be the leading provider of energy storage solutions and the preferred partner of automakers, while driving the development of the electrification of transportation. This is achieved by providing safe, reliable and environmentally friendly batteries, while continuously improving its technology and customer service.
Key Team
Mr. Li Jiang (Deputy GM & Board Sec.)
Recognition and Awards
Products and Services
CATL’s products and services include lithium-ion battery cells and modules, battery management systems, and energy storage systems. The company has a wide range of products and services to meet the needs of its customers and partners, including the automotive, energy storage, and consumer electronics industries.
CATL offers a range of lithium-ion batteries, including cylindrical cells, prismatic cells, and pouch cells, as well as their associated cells modules. The company also provides battery management systems that monitor the performance and safety of their products, as well as energy storage systems that can be used for residential, commercial, and industrial applications.
CATL also offers a variety of services, including research and development, testing and certification, and recycling services. The company also has a global network of service centers and partners that can provide technical support and maintenance for CATL’s products. CATL is committed to providing innovative and quality products and services to its customers and partners. The company is investing heavily in research and development to ensure that their products are safe and reliable and meet the highest industry standards.
References
https://en.wikipedia.org/wiki/CATL
https://www.crunchbase.com/organization/contemporary-amperex-technology
https://finance.yahoo.com/quote/300750.SZ/
https://www.comparably.com/companies/c-a-t/mission
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.wired.com/story/catl-china-battery-production-evs/
https://www.weforum.org/organizations/contemporary-amperex-technology-catl
https://www.ft.com/content/2aeda1da-c652-405c-9ecd-efd8ed8c8ed5
https://www.cnbc.com/2023/02/13/ford-ev-battery-plant-china-catl.html
https://www.marklines.com/en/top500/catl
Mr. Huang Shilin (Vice Chairman & Deputy GM)
Mr. Shu Zheng (Chief Financial Officer)
Energy and Utilities