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CATL

宁德时代

CATL is providing integrated product solutions as well as comprehensive full life cycle services to global clients.

CATL, founded in December, 2011 and headquartered in Ningde, is a NEV power battery system developer. The founder is Zeng Yuqun. Listed on the SZSE on June 11, 2018, the company's major shareholders are Ningbo Meishan Free Trade Port Ruiting Investment Co., Ltd., Huang Shilin and Ningbo United Innovation New Energy Investment Management Partnership (LP). Rivals that have direct and indirect competition with CATL include Weichai Power, EVE Energy, GM, Toyota, etc.

CATL is providing integrated product solutions as well as comprehensive full life cycle services to global clients.

CATL, founded in December, 2011 and headquartered in Ningde, is a NEV power battery system developer. The founder is Zeng Yuqun. Listed on the SZSE on June 11, 2018, the company's major shareholders are Ningbo Meishan Free Trade Port Ruiting Investment Co., Ltd., Huang Shilin and Ningbo United Innovation New Energy Investment Management Partnership (LP). Rivals that have direct and indirect competition with CATL include Weichai Power, EVE Energy, GM, Toyota, etc.

Sector

Industrials

Industry

Electrical Equipment

Sub-industry

New Energy Power System

Founded date

Dec 16, 2011

HQ location

Fujian, China

Legal name

Contemporary Amperex Technology Ltd.

Website

http://www.catlbattery.com

Number of Employees

24875

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New Energy Vehicle Development Lets CATL Grow

In early October, the State Council executive meeting in China announced its planning for new energy vehicles’ development. This planning pinpointed the different focal points of government and corporations. It clarified four key points: strengthening R&D in critical technologies, reinforcing infrastructure in charging, encouraging new energy vehicles’ international collaboration and policy support for the public service area. There are two reasons for China to develop new energy broadly. The first reason is environmental protection, as air pollution in China continues to pose problems for quality of life and health maintenance. The second is energy security. China is still operating as a world factory, consuming massive energy, and this commitment negatively affects air quality. Under new energy vehicles’ rapid development, there is a higher demand for battery capacity. Following fierce competition, LG, CATL, Panasonic, BYD and Samsung account for 60% of global market shares. Among these five large firms, CATL occupies 21.5% overall market share. One of CATL’s strengths is that it has a completed industrial chain – but it should pay more attention to its management team in the future, which will help build a better corporate culture.
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