Contemporary Amperex Technology Ltd (CATL)

Founded in 2011, Contemporary Amperex Technology Ltd. (CATL) is engaged in the development and production of lithium-ion batteries for electric vehicles, as well as energy conservation systems. In addition, the company's activities include the development and production of high-tech materials, battery management systems, recycling and reuse of batteries.

The company is headquartered in Ning (China), and the total number of employees working in the company's branches and representative offices around the world - in Shanghai, Jiangsu, Qinghai and Beijing ( China), as well as in Munich (Germany), Paris (France), Detroit (USA), Yokohama (Japan) and many others - is 24,000 people (2018). The company's main battery factories are located in China, in the cities of Fujiang, Jiangsu and Qinghai, a new plant is being built in Erfurt (Germany).

2022: North American plant announcement delayed by controversial U.S. House speaker's visit to Taiwan

China's largest fuel cell and lithium-ion battery maker CATL (Contemporary Amperex Technology Co) has decided to delay the announcement of a $5 billion North American plant to supply Tesla and Ford Motor because of tensions over U.S. House Speaker Nancy Pelosi's trip to Taiwan, the sources said .

2021: China's second-largest company

November 22, 2021 Chinese company, battery giant Contemporary Amperex Technology Co. (CATL) became the second largest capitalization in. With China a market capitalization of almost 1.59 trillion yuan (249 billion dollars U.S.), the supplier Tesla outperformed Industrial & Commercial Bank of China Ltd. with 1.55 trillion yuan.

The expectation that CATL will be included in China's benchmark CSI 300 index when the rebalancing decision is announced at the end of November helped push the stock up 6.6%, its steepest gain in more than a month.

2020

In June 2020, the largest Chinese battery manufacturer Contemporary Amperex Technology (CATL), a supplier to the American automaker Tesla, announced the development of fundamentally new devices that will help solve the main problem of the industry.

According to him, CATL is ready to produce batteries that will last 16 years and will cover two million kilometers. This is twice as long as the warranty for current devices, which, moreover, allow you to overcome only 150 thousand kilometers.

The cost of the new battery will be only 10 percent higher than the current one, so the replacement will not greatly affect the final price of the new electric car, but it will significantly simplify and reduce the cost of its operation.

2018

In 2018, the company's total sales in terms of energy consumption amounted to 21.31 GW * h. According to the SNE Research report, in 2018 CATL ranked first in the world in terms of annual supplies of batteries for the needs of the automotive industry.

Since June 2018, CATL shares have been traded on the Shenzhen Stock Exchange (300750).