CATL: The latest figures, news and market research on CATL

Turnover: 50 billion USD (2023)

Country: China

CATL specializes in the manufacture of industrial batteries for electric vehicles and storage systems.

CATL is a Chinese company founded in 2011 specializing in the production of lithium-ion batteries for electric vehicles, and electric energy storage systems. In 2018, the company was the largest manufacturer of industrial batteries for electric vehicles, with a 23.1% market share.

These batteries are used in vehicles from major automakers such as PSA, Hyundai and BMW. The company has set itself a production capacity of 50 GWh for lithium-ion batteries by 2020.

News

CATL supplies LFP batteries to Stellantis in Europe 25/11/2023

Stellantis, the Franco-Italian carmaker, is teaming up with CATL, the world's leading OEM based in China.
The collaboration will focus on the local supply of lithium-iron-phosphate (LFP) battery cells and modules for Stellantis electric vehicles in Europe.
The companies plan to create a 50/50 joint venture to support the electrification strategy of Stellantis, the owner of well-known brands such as Jeep, Peugeot, Fiat and Alfa Romeo.
Stellantis has already invested several billion euros in gigafactories in Europe and the USA (in partnership with Samsung SDI).
In France, the first ACC gigafactory (a joint venture between Mercedes-Benz, Saft and Stellantis) was inaugurated in Douvrin in June, and should start producing its first marketable batteries for the new Peugeot 3008 electric car by the end of the year.
These batteries will replace those produced by Chinese supplier BYD.

Automotive: Stellantis turns to Chinese giant CATL 21/11/2023

Stellantis and CATL ("Contemporary Amperex Technology", a Chinese manufacturer of batteries for electric vehicles) are planning to set up a 50-50 joint venture in Europe.
They plan to build a new battery factory ("gigafactory") in Europe to produce LFP (lithium-iron-phosphate) batteries, which are less expensive than NMC (nickel-manganese-cobalt) batteries.
LFP batteries offer a range of 200 to 400 kilometers.
Stellantis already has a joint venture with TotalEnergies and Mercedes for NMC batteries, called ACC.
The estimated cost of a gigafactory is several billion euros.

a new kind of battery capable, he claims, of flying airplanes 20/04/2023

CATL's new battery has an energy density of 500 Wh/kg, twice that of the current "Qilin" model, which has an energy density of 255 Wh/kg.
The "Qilin" battery can propel an electric vehicle 1,000 km on a single charge. The technology used is called "condensed matter battery", and increases the efficiency of lithium-ion without compromising its safety.
CATL will be launching mass production for the automotive market this year.
The aviation version of the new battery will be ten times more expensive than the automotive version.

Electric cars: China dominates the battery market 29/01/2023

CATL's first investment outside China 1.8 billion euros invested
Production of lithium-ion battery cells in Erfurt, Germany
7 billion investment in second battery plant in Hungary
Batteries account for around 40% of the value of an electric vehicle
China now exports more cars than Germany

Batteries: Chinese giant CATL takes advantage of the electric car boom. 23/06/2022

The world leader in lithium-ion batteries and supplier to Tesla has raised 45 billion yuan (6.4 billion euros) through a private placement.
It is neck and neck with South Korea's LG Energy Solution.
CATL occupies almost 30% of the world market and more than half of the market in China, giving it powerful economies of scale.
CATL's market capitalization now approaches 180 billion euros.
CATL reached a record level in December, with a market capitalization of 240 billion euros.

Chinese giant CATL is riding the electric car wave. 23/06/2022

CATL, has raised 45 billion yuan (6.4 billion euros) through a private placement with institutional investors.
The Chinese battery giant is riding the electric vehicle boom.
CATL reaches a record high in December with a capitalization of 240 billion euros.
LG Energy Solution raises $10.7 billion in January.
BYD raises $1.8 billion in Hong Kong in October.