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Contemporary Amperex Technology Co. Limited (CATL)

Contemporary Amperex Technology Co. Limited (CATL)

CATL (Contemporary Amperex Technology Co. Limited) is a technology company that manufactures electric vehicle batteries and energy storage systems. CATL was founded in 2011 and is headquartered in Ningde, China.

Contemporary Amperex Technology Co. Limited, known as CATL, is a technology company that manufactures lithium-ion batteries for electric vehicles, as well as energy storage systems. The company is headquartered in Ningde, China, and was founded in 2011 by Zeng Yuqun. Zeng had previously served as president at Amperex Technology Limited (ATL), a lithium-ion battery company focused on consumer electronics. The company has publicly stated it aims to have 50 GWh worth of energy storage systems in production capacity by 2020. CATL customers include car manufacturers BMW, Volkswagen, Daimler, Nissan and Renault.

Funding

Series B

On October 1, 2016 Contemporary Amperex Technology completed their series b funding round with an undisclosed amount of funding from undisclosed investors. At the time of receiving series B funding the company was worth approximately $11.5 billion. 

Initial Public Offering (IPO)

CATL made an initial public offering in June 2018, following approval from the Chinese securities regulator. In its investment prospectus, the company claims to be the largest electric vehicle battery manufacturer in the world.

Timeline

August 17, 2018

CATL announces low-cobalt battery production for 2019

The NCM 811 battery will be lower in cobalt and contain more nickel.

June 11, 2018

CATL IPO on Shenzhen’s stock exchange

Shares in the company rose 44%.

April 6, 2018

13.1 billion yuan IPO approved by Chinese securities regulator

December 17, 2011

CATL established

People

Name
Role
LinkedIn

Huang Shilin

Vice Chairman / VP



Jia Zhou

President



Wu Kai

Chief Scientist / VP



Zeng Yuqun

Founder / Non-Executive Chairman



Further reading

Title
Author
Link
Type
Date

China’s ambition to power the world’s electric cars took a huge leap forward this week

James Temple





China’s biggest battery producer could become world’s biggest after raising $2 billion in an IPO

Fred Lambert





Chinese Battery Champion Has Fully Charged IPO

Anjani Trivedi





Chinese Battery Champion Has Fully Charged IPO

Anjani Trivedi





Chinese battery maker CATL buys stake in Finnish car supplier

Reuters Editorial





Chinese Battery Maker Taking on Global Electic Car Market







Hyundai chooses Chinese battery supplier







The Swift Rise of a Chinese Battery Giant

Jie Ma, David Stringer, Yan Zhang, and Sohee Kim





Documentaries, videos and podcasts

Title
Date
Link





Companies

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CEO
Location
Products/Services









References