CATL

Contemporary Amperex Technology Co., Limited (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). The company is the biggest EV battery manufacturer, with a global market share of around 37% in 2023. The company is headquartered in the city of Ningde in China's Fujian province.
catl

Some of the key events about CATL

  • 2011
    Founded as a spin-off from ATL (Amperex Technology Limited)
  • 2015
    Became the world's largest manufacturer of lithium-ion batteries for electric vehicles
  • 2017
    Announced plans to build a battery factory in Germany, marking its first overseas plant
  • 2018
    Introduced its first generation of sodium-ion batteries
  • 2018
    Faced allegations of intellectual property theft from a former employee
  • 2019
    Developed cell-to-pack battery technology, increasing energy density and reducing costs
  • 2019
    Accused of using cobalt sourced from mines with poor working conditions in the Democratic Republic of Congo
  • 2020
    Unveiled its "million-mile" battery, capable of powering a vehicle for over 1.24 million miles
  • 2020
    Criticized for expanding production despite concerns about overcapacity in the battery industry
  • 2021
    Launched its first cobalt-free battery, reducing reliance on rare earth materials
  • 2021
    Announced the development of a new battery swap technology for electric vehicles
  • 2021
    Experienced a significant stock price drop due to concerns about future profitability
  • 2022
    Introduced its third-generation cell-to-pack technology, further improving energy density
  • 2022
    Delayed the opening of a major battery plant in Germany, citing rising costs and complications
  • 2022
    Faced scrutiny over potential national security concerns related to its planned U.S. expansion
  • 2023
    Revealed its new Qilin battery, claiming to achieve the world's highest integration level
  • 2023
    Encountered resistance from local communities in Hungary over environmental concerns regarding a planned factory

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

CATL Latest news

EU Approves Chinese EV Tariffs, Faces Broader Trade Challenges

EU Approves Chinese EV Tariffs, Faces Broader Trade Challenges

EU votes for tariffs on Chinese EVs, but struggles with growing influence in hybrids and batteries. Trade tensions may escalate as Europe seeks to boost domestic production amid competitive pressures.

Business, Economics, Politics • October 4 2024 , 11:29 AM  •  503 views
Chinese Clean Energy Firms Invest $100B Overseas to Bypass Tariffs

Chinese Clean Energy Firms Invest $100B Overseas to Bypass Tariffs

Chinese clean energy companies have invested over $100 billion abroad since early 2023 to avoid tariffs. This move comes as China dominates global production of solar panels, batteries, and electric vehicles.

Business, Economics, Politics, Science • October 2 2024 , 09:52 AM  •  65 views
CATL Reports Limited Impact from Battery Factory Fire in Fujian

CATL Reports Limited Impact from Battery Factory Fire in Fujian

CATL, the world's largest battery maker, experienced a fire at its Ningde factory. The company reports minimal impact on operations and no casualties, with the incident under investigation.

Business, Science • September 30 2024 , 01:13 AM  •  640 views
Northvolt's Setbacks Raise Concerns for Europe's Battery Industry

Northvolt's Setbacks Raise Concerns for Europe's Battery Industry

Swedish battery maker Northvolt scales back operations, sparking doubts about Europe's EV battery production capabilities. The company's struggles highlight the continent's dependence on Asian suppliers.

Business, Economics, Science • September 13 2024 , 04:16 AM  •  753 views
EV Slowdown Sparks Battery Industry Cutbacks and Hybrid Innovation

EV Slowdown Sparks Battery Industry Cutbacks and Hybrid Innovation

Battery material producers scale back expansion plans amid EV industry slowdown. Umicore delays $2 billion plant as automakers adjust targets. Range-extending hybrids emerge as potential solution to adoption hurdles.

Business, Economics • July 29 2024 , 12:20 PM  •  1433 views