CATL (Contemporary Amperex Technology Co., Ltd.)

Company Profile

■URL

https://www.catl.com/en/

■Address

No.2, Xingang Road, Zhangwan Town, Jiaocheng District, Ningde, Fujian, China

Business Overview

-A privately-owned mega battery manufacturer in China. Its main products are automotive drive batteries. Listed on the Shenzhen Stock Exchange in June 2018.

-The Company’s business is segmented into drive batteries, lithium battery materials, and energy storage systems, with cells, modules, and battery management systems as its main products. Of the 6,800 models on the New Energy Vehicle list promulgated by China's Ministry of Industry and Information Technology in 2020, about 3,400 (50%) will be equipped with the company's batteries. In recent years, the company has deepened its cooperation with many domestic and foreign automakers, and as shown in the table below (left), based on the Company’s annual reports disclosed after the Company's listing in 2018, its share of models in the Chinese market has steadily increased in the three years from 2018 to 2020.

-In the beginning of 2020, the COVID-19 pandemic caused an overall decline in global vehicle sales, but due to the electrification boom in the automotive industry and China's consumption promotion policies such as tax exemptions and subsidies for the purchase of New Energy Vehicles, sales in 2020 were CNY 50.319 billion, up 9.90% year-over-year. Sales in 2016-2020 increased continuously as the table below (right) shows; sales in FY2020 were 2.39 times higher than in FY2016.

-While expanding in overseas markets, China's domestic sales totaled CNY 42.412 billion (down 3.14% y/y), accounting for 84.29% of total sales. In comparison, the overseas market was CNY 7.908 billion (up 295.30% y/y), accounting for 15.71% of total sales.

Shareholders

(As of December 31, 2020)
Major Shareholders Shareholding Ratio (%)
Ningbo Meishan Bonded Port Investment Co., Ltd. 24.53
Shilin HUANG 11.20
Ningbo Joint Innovation New Energy Investment Management Partnership (Limited Partnership) 6.78
Other shareholders 57.49
Total 100.00

Products

-Lithium-ion batteries
-Lithium polymer batteries
-Fuel cells
-Lithium iron carbonate batteries
-Large capacity energy storage batteries
-Super capacitors
-Battery modules for EV
-Powertrain
-Micro-hybrid battery packs for EVs' starting and stopping
-Standard battery packs for commercial vehicles
-Rechargeable battery packs
-Single 240Ah large capacity cells for energy storage applications
-Lithium iron carbonate series cells
-Ternary series cells
-Battery management systems

History

Dec. 2011 The company was established.
Nov. 2012 Established a subsidiary called Contemporary Amperex Technology Limited (Qinghai).
Jun. 2014 Established a wholly-owned subsidiary called Lithium Contemporary Amperex Technology Limited (Beijing).
Dec. 2014 Established a branch in Shanghai .
2014 Established a subsidiary called Contemporary Amperex Technology GmbH (Germany) as a R&D center.
Jan. 2015 Acquired Guangdong Brunp Recycling Technology Limited (Foshan). The company owns 66.72% of the shares.
Oct. 2015 Established a subsidiary called Contemporary Lithium Power Limited.
Dec. 2015 Changed name to Contemporary Amperex Technology Limited.
Jun. 2016 Established a subsidiary called Contemporary Amperex Technology Limited (Jiangsu).
Aug. 2017 Established a subsidiary called Contemporary Amperex Technology (Hong Kong) Limited
Jun. 2017 Established a subsidiary called Contemporary Amperex Technology France
Jun. 2017 Established two joint ventures called Contemporary SAIC Power Battery Co., Ltd. and SAIC Contemporary Power Battery Systems Co., Ltd.
Jul. 2017 Established a subsidiary called Dongguan Runyuan Amperex Technology Limited
Sep. 2017 Established a subsidiary called Contemporary Amperex Technology (USA), Inc.
Oct. 2017 Established a subsidiary called Contemporary Amperex Technology Japan KK
Jun. 2018 Listed on the Shenzhen Stock Exchange
Jul. 2018 The Company established a battery production base and a technical center in Erfurt, Thuringia, Germany.
Jul. 2018 The Company was listed on Shenzhen Stock Exchange.
Jul. 2018 Joint venture with Dongfeng Electric Vehicle Co., Ltd., Dongfeng Contemporary (Wuhan) Electronic Systems Co., Ltd., starts production.
Nov. 2018 Established Yibin Tianyi Lithium Technology Innovation Co., Ltd. as a joint venture of CATL, Dongguan Yian Technology Co., Ltd., Sanxiang Advanced Material Co., Ltd., and Jiangsu Vansun Mechanical & Electrical Group Co., Ltd.
Dec. 2018 Established a joint venture, Contemporary GAC Power Battery Co., Ltd., with GAC Group.
Dec. 2018 Established a joint venture, GAC Contemporary Power Battery Co., Ltd., with GAC Group.
Dec. 2018 The Company opened its first North American sales and service base in Detroit, Michigan, USA.
Apr. 2019 Established Contemporary FAW Power Battery Co., Ltd. as a joint venture with China FAW.
Jun. 2019 Established Contemporary Amperex Technology Thuringia GmbH in Thuringia, Germany.
Sep. 2019 With its subsidiary, Guangdong Brunp Recycling Technology Limited (Foshan), established Ningbo Brunp New Energy Co., Ltd.
Oct. 2019 Established Shichuan Contemporary New Energy Technology Co., Ltd.
Mar.2019 Established a joint venture, Shanghai Kuaibu New Energy Technology Co., Ltd., with Fujian Baicheng New Energy Technology Co., Ltd. (BACN).
Apr. 2020 Established a joint venture with East Group Co., Ltd., Xinneng East (Yangzhou) Co., Ltd.

Supplemental Information 1