EO Intelligence: CATL Research Report 2020

Automotive, Technology Author: Qasim Khan Aug 03, 2020 04:42 PM (GMT+8)

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Introduction

In this report, EqualOcean takes a deep dive into the business of CATL, the largest Chinese electric battery provider and the main upstream partner of Tesla, NIO, Xpeng and other top electric vehicle manufacturers. A comprehensive analysis of the most significant aspects of the company's operations and strategy is presented here.

Highlights

Power battery shipments have grown rapidly, and Chinese companies have grasped the trend to rise
The number of R&D team members continues to increase, the proportion of master's and doctoral degrees continues to increase, the overall level of the R&D team develops upwards, and the R&D capacity of the enterprise strengthens
CATL started as a power battery company, and has now deployed its power battery upstream mining and battery materials, and downstream new energy vehicles, battery recycling and charging and switching operations
From product competitiveness perspective, high-energy density and low-cost battery products are the core product factors for CATL to continuously seize market share
Lithium battery market grew fast from 2017 to 2019, which boosted CATL’s related sales. The trend is expected to continue