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CATL signed a strategic cooperation agreement with NIO for the establishment of the world’s largest battery swapping network and the unification of industrial technology standards. Under the agreement, the two companies, following the transformation and upgrade trends in the global automotive industry, will leverage their respective advantages such as technology, management, platforms, and brand resources in relevant areas to establish the world’s largest and most technically advanced battery swapping service network for passenger vehicles. In response to China’s national strategic plan for New Energy Vehicle (NEV) development, they will, on top of unified battery standards, strengthen the sharing of battery swapping networks and accelerate the popularization and upgrading of battery swapping services. CATL will support the development of NIO’s battery swapping network by introducing the Choco-SEB (Swapping Electric Block) standards and network into future models of Firefly, a NIO sub-brand. Both companies’ battery swapping networks will be operated in parallel to create more convenient and efficient experiences for owners of battery-swappable vehicles. Going forward, the two companies will jointly advance the formulation and promotion of national standards for battery swapping technology, as well as compatibility between batteries across brands and models. They will jointly establish a lifecycle closed loop that encompasses “battery R&D, battery swapping services, battery asset management, cascade utilization, and material recycling” to help the entire NEV industrial chain reduce costs and improve efficiency. (From a CATL press release dated March 18, 2025)
CATL (Contemporary Amperex Technology Co., Ltd.) Business Report FY ended Dec. 2024
Performance |
(CNY millions) |
| Year ended December 31, 2024 | Year ended December 31, 2023 | Percentage change (%) | |
| Sales | 362,012.55 | 400,917.05 | -9.70% |
| Operating income | 64,051.80 | 53,718.30 | 19.24% |
| Ordinary income | 63,182.04 | 53,914.05 | 17.19% |
| Net income | 54,006.79 | 46,761.03 | 15.50% |
-The company's core business is drive batteries for New Energy Vehicles (NEVs: BEVs, PHEVs, and FCEVs). In 2024, global NEV sales reached 17.63 million units, up 26.1% year-over-year (y/y). Global battery consumption reached 894.4 GWh, increasing by 27.2% y/y. Operating income increased due to increased demand in the drive battery market, but this was partially offset by a decline in the prices of raw materials such as lithium carbonate, which led to a corresponding adjustment in the prices of the company's products.
-In 2024, the company's main product outside China was battery systems, with no significant changes from the previous year. Sales outside China reached CNY 110.335 billion, accounting for 30.48% of total revenue.
Business Highlights by Division
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-The Company's business consists of three divisions: the Drive Battery Division, the Energy Storage Systems Division, and the Battery Materials Division.
- Drive Battery business:
-In 2024, CATL's lithium-ion battery sales reached 475 GWh, up 21.79% y/y. Vehicle drive battery system sales totaled 381 GWh (+18.85% y/y), while energy storage battery system sales reached 93 GWh (+34.32% y/y).
-For passenger vehicles, CATL launched the Shengxing and Qilin battery series, meeting diverse needs for charging speed, range, and power. The Xiaoyao battery was developed for hybrid vehicles.
-For commercial vehicles, the Tianxing battery series was developed and is applied to buses, logistics vehicles, and heavy-duty trucks, solving issues such as short range, slow charging, and rapid degradation.
- Energy Storage System business:
-In 2024, CATL's energy storage system revenue was CNY 57.29 billion (-4.36% y/y). The newly launched Tianheng system offers zero degradation for five years with a single-unit capacity of 6.25 MWh, improving energy density by 30% and reducing footprint by 20% compared to earlier products. The Company also announced the PU100 energy storage product, which supports 6C discharge, enabling emergency power supply for 10 to 15 minutes, and combines safety, high output, and ease of maintenance.
- Battery Materials business:
-Battery materials revenue in 2024 was CNY 28.7 billion (-14.59% y/y). Its main products include lithium salts, precursors, and cathode materials. It also recovers metals such as nickel, cobalt, manganese, lithium, phosphorus, iron, aluminum, and copper from used batteries, and through refining and synthesis produces battery cathode materials, ternary precursors, iron phosphorus precursors, lithium salts, etc. It also reuses the recovered copper and aluminum through third-party organizations, promoting the circular use of metal resources necessary for battery production.
- Battery Mineral Resources:
-In 2024, battery mineral resources revenue was CNY 5.493 billion (-28.98% y/y).
New Technology/New Products
| Launching Tianxing commercial vehicle power battery, Tectrans |
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| Tianxing commercial vehicle power battery, Tectrans (Source: MarkLines） |
-CATL launched the Tianxing commercial vehicle power battery sub-brand with an all-scenario solution for the logistics industry. The Tianxing-L light commercial vehicle battery is available in Superfast Charging and Long-range editions.
The Superfast Charging edition is capable of 4C superfast charging and offers an energy density of 155Wh/kg, a 60% state-of-charge on a 12-minute charge, a range of 350km, and an 8-year or 800,000-km warranty. It is applicable in timeliness-demanding scenarios such as logistics transportation.
The Long-range edition comes with an energy density of 200Wh/kg, a capacity of 200kWh, and a range of 500km at 80km/h, and an 8-year or 800,000-km warranty. It is applicable in scenarios such as medium- to long-haul transportation, or those with high frequency of use and inconvenience in charging.
Employing thermal diffusion-free technology and aircraft-grade thermal insulation materials, both editions have passed extreme testing and verification to enable a significantly lower product failure rate. Low-lithium-consumption graphite and biomimetic self-repairing SEI passivation film technology prolong the cycle life by 100% on top of 4C superfast charging capability, and CTP (Cell to Pack) 3.0 and dual-layer large-surface liquid cooling technologies extend the range.
The Tianxing-L battery has reached mass production upon launch and been so far applied to 21 models from 13 automakers such as Qingling Motors, FAW Jiefang, Foton Motor, Farizon, and JAC Motors. (From a CATL press release dated July 4, 2024)
-CATL launched super charging, long-service-life, long-range, and high-strength variants of the Tianxing battery for heavy-duty commercial vehicles. The super charging variant supports 4C super charging and delivers a maximum range of 500km, a charging time of 15 minutes from 0 to 70% state-of-charge, and a service life of 8 years or 1.2 million kilometers. The swappable long-service-life variant delivers a service life of 15 years or 3 million kilometers and a maximum range of 500km, diluting use costs. The long-range variant delivers a maximum range of 800km, a capacity of 1,000kWh, and an energy density of 220Wh/kg. The high-strength variant guarantees zero leakage cases for mining trucks after a 500,000km mileage, with a 40% higher volume utilization rate and an IP68-rated waterproof property. The super charging, long-service-life, and long-range variants are suitable for heavy-duty trucks and construction machinery, while the high-strength variant is developed specifically for construction machinery. (From a CATL press release dated November 25, 2024)
| Launching Freevoy Super Hybrid Battery |
-CATL launched the Freevoy Super Hybrid Battery, which delivers an electric-mode range of over 400km and comes with 4C super charging property for a 280km range on a 10-minute charge.
The Freevoy Super Hybrid Battery performs well at low temperatures. With CATL’s proprietary lithium-sodium AB battery system integration technology, the product offers robust power at minus 20 degrees Celsius, remains chargeable at minus 30 degrees Celsius, and remains dischargeable at minus 40 degrees Celsius. So far, the Freevoy Super Hybrid Battery has been featured in models of several brands such as Li Auto, Deepal, Avatr, and Nevo. (From a CATL press release dated October 25, 2024)
Other Technology Trends
| Shenxing Plus battery |
-CATL unveiled the Shenxing Plus battery at the Auto China 2024 in Beijing. The battery delivers a range of over 1,000km, an energy density of 205Wh/kg, and a 600km range on a 10-minute charge. The cathode of the battery is made with granular gradation technology for ultra-high compaction density, while a proprietary 3D honeycomb-shaped material is added to the anode to boost the energy density and effectively control the volume expansion during charge and discharge cycles. For the design of the battery cell structure, the battery comes with a one-piece housing structure to improve the space utilization rate and the battery cell energy density. (From a CATL press release dated April 25, 2024) |
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|---|---|---|
| all-round editions for the Shenxing and Qilin batteries |
-CATL launched all-round editions for the Shenxing and Qilin batteries. The Qilin battery all-round edition has a power reserve of over 1,000PS and ensures no thermal spread at 55 degrees Celsius. The Shenxing battery all-round edition delivers a range of over 800km, a volume modularization efficiency of 77.8%, and a volume energy density enhancement of over 10%. (From a CATL press release dated March 28, 2024) |
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| Shenxing Superfast Charging Battery |
-CATL announced the launch of the Shenxing Superfast Charging Battery, the world’s first lithium iron phosphate (LFP) battery with 4C superfast charging. The battery is capable of delivering a range of over 700km on a single full charge as well as 400km of driving range with a 10-minute charge. It enables a 0–80% charge in 30 minutes at temperatures as low as -10°C. Innovations have been achieved in battery material, structure, and system. It employs the super electronic network cathode technology and fully nano-crystallized LFP cathode material to create a super electronic network, which facilitates the extraction of lithium ions and the rapid response to charging signals. For graphite innovation, CATL’s fast ion ring technology is used to modify the properties of the graphite surface, which creates an expressway for current conduction. Furthermore, a multi-gradient layered electrode design has been developed to strike a perfect balance between fast charging and long range. CATL has developed a brand-new superconducting electrolyte formula, which effectively reduces the viscosity of the electrolyte, resulting in improved conductivity and enhanced desolvation ability of the lithium ions. In addition, CATL has improved the ultra-thin SEI film to reduce resistance of lithium-ion movement. CATL has also improved the high porosity and low tortuosity pores of the isolation membrane, thus improving the transmission rate of lithium ions. Mass production of the Shenxing battery will be achieved by the end of this year, and electric vehicles equipped with it will be available on the market in the first quarter of next year. (Based on CATL official channel dated August 16, 2023) |
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| Qilin Battery |
-CATL officially released the Qilin Battery on June 23, 2022. This product is a battery for high-end EVs that uses third-generation CTP (Cell to Pack) technology. The Qilin battery has a volume utilization rate of 72% and an energy density of 255Wh/kg for a ternary battery system and 160Wh/kg for a lithium iron phosphate battery system. It also provides a cruising range of 1,000km. A large cell surface cooling technology is used, and it can heat the battery in 5 minutes (emergency restart function) and supports quick recharging up to 80% in 10 minutes. A Qilin battery of about the same size as a 4680 battery (cell size 46mm x 80mm) achieves 13% higher power output than a 4680 battery. The Qilin battery eliminates the crossbeam, water cooling plate, and insulation pads, which were originally designed separately, to create a multifunctional elastic sandwich structure. In addition, a bottom-sharing design was adopted. This increased space by 6% by distributing functional modules for structural protection, high-voltage connections, and thermal runaway protection. Moreover, the world's first large cell cooling technology was adopted. Based on cell variations, coolant functions were placed between cells, increasing the heat exchange area by a factor of 4. The Qilin battery will be used in the Geely Zeekr brand vehicles, and will be installed in the Zeekr 009 and Zeekr 001. CATL and Geely have entered into a five-year long-term strategic partnership. -In March 2023, according to multiple media reports, mass production of the Qilin battery began. |
|
| MTB (Module to Bracket) |
MTB technology is the direct integration of a battery module into the bracket and chassis of a heavy-duty truck. Direct integration improves battery volume utilization by 40% and reduces weight by 10%. This results in a design with a low center of gravity. The energy density of the system reaches 305Wh/L (or 170Wh/Kg) and the battery cycle life is 10,000 cycles/10 years. -The cell eliminates heat dissipation issues with a U-shaped liquid cooling system. Batteries can be freely combined to provide battery capacities from 140kWh to 600kWh. The operating temperature range is -35 to 65°C. This system is scheduled to be adopted in the National Power Project for Electric Power Generation Core Power project being promoted by the Chinese government. State Power Investment Corporation Limited is a smart energy service affiliate of State Power Investment Corporation Limited, which focuses on the field of green transportation. (From CATL's official WeChat account dated September 17, 2022) |
|
| Sodium-ion battery |
The first-generation sodium-ion battery has an energy density of 160Wh/kg as a stand-alone cell, can be charged to more than 80% capacity in 15 minutes at room temperature, and has a capacity maintenance rate of more than 90% even at a low temperature of -20°C. It also has a system integration efficiency of more than 80%. The thermal stability of the battery also fully meets the safety requirements set by China. Sodium-ion batteries excel in low-temperature performance and rapid recharging, and are particularly advantageous under the high power conditions required in alpine regions. Efforts are currently underway for mass production by 2023. |
|
| AB battery | This technology mixes two types of batteries, a sodium ion battery and a lithium ion battery, at a certain ratio, and controls each using a BMS algorithm. The weak point of energy density in sodium-ion batteries can be compensated for by lithium-ion batteries, and the advantages of sodium-ion batteries, such as high efficiency and high low-temperature performance, can be utilized. | |
Layout in the field of chassis and battery replacement
| Layout in the field of chassis |
| Product | |
|---|---|
| Bedrock Chassis |
-CATL launched the Bedrock Chassis in Shanghai. For vehicles based on the Bedrock Chassis, 15% and 85% of the collision energy are absorbed by the upper and lower bodies, respectively. In a C-NCAP (China New Car Assessment Program) 100% frontal collision test, a test vehicle equipped with the Bedrock Chassis neither caught fire nor exploded even at 120km/h. For structural safety, the Bedrock Chassis contains a 3D biomimetic tortoise shell structure, where the body and the energy unit framework are integrated and deeply coupled to greatly enhance the body strength. The aircraft carrier-grade arresting structure disperses impact forces across multiple pathways during collision, gradually decelerating the vehicle and significantly reducing the depth and speed at which obstacles intrude the cabin. The utilization of submarine-grade hot-formed steel, aerospace-grade aluminum alloy, and multiple barrier structures further enhance the product’s rigidity, making it virtually impervious. For cells, the Bedrock Chassis employs an inverted cell design and the NP 2.0 technology to protect the occupants in extreme cases and free the surrounding cells from being affected by thermal runaway that occurs to a single cell. For high-voltage disconnection, the Bedrock Chassis achieves instantaneous disconnection of high voltage circuits within 0.01s upon collision and discharges residual high-voltage energy within 0.2s, setting a new industry record. (From a CATL press release dated December 24, 2024) |
| Kunshi commercial vehicle chassis | -Contemporary Synland Technology Co., Ltd. (CATL Synland), a subsidiary of CATL, launched the Kunshi commercial vehicle chassis for high-efficiency logistics scenarios.
The company is committed to providing electric chassis with long range, long-term warranty, fast charging, and high overload capacity. The Kunshi chassis adopts the innovative “1+3+1” architecture composed of the Qiankun architecture, the Tianqing power chain, and multi-source heat pump intelligent temperature control technology to extend the ranges of featured light-duty trucks by 20%, with its 140E variant delivering a range comparable to a 168kWh battery. The product comes with long-term warranty for battery, motor, and electronic control systems to guarantee long-term and efficient operation. Furthermore, CATL Synland forged strategic development partnerships with OEMs including FAW Jiefang Qingdao Automotive Co., Ltd., Shaanxi Automobile Group Commercial Vehicle Co., Ltd., and Qingling Motors Co., Ltd. (From a CATL press release dated March 4, 2025) |
| Integrated Intelligent Chassis——Flexhub |
-The CIIC (CATL Integrated Intelligent Chassis) integrated intelligent chassis features an inverted cell design, NP2.0 (no thermal propagation) technology, and an innovative chassis architecture to ensure battery safety. It enables decoupled development of the upper and lower vehicle bodies, significantly shortening development cycles. The chassis is capable of absorbing over 80% of the vehicle’s crash load. The powertrain, high-voltage power distribution and charging system, and thermal management system all support 800V high-voltage charging and discharging. It is equipped with an 800V SiC electric drive system, achieving a CLTC combined efficiency of 92%, a maximum motor efficiency of 98%, and a peak power output of 220 kW. The ratio of continuous to peak power is as high as 0.55, with continuous power exceeding 120 kW. Additionally, the chassis supports up to 5C fast charging. -In February 2022, the integrated electric chassis development project officially broke ground in the Lin-gang Special Area of Shanghai. -In January 2023, the company announced that Times Intelligence would establish its first integrated intelligent chassis production base based on CTC (Cell to Chassis) technology in Yichun City. -August 23, 2024, the CIIC 800V variant of the Neta S shooting brake installed CIIC (CATL Integrated Intelligent Chassis), a core product of Flexhub. |
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| Integrated Intelligent Chassis——Flexhub （Source: MarkLines） |
| Cooperating companies in the field of chassis (2024) | |
|---|---|
| JAC Yiwei |
-CATL (Shanghai) Intelligent Technology Co., Ltd. (CATL Intelligent), a subsidiary of CATL, signed a CIIC (CATL Integrated Intelligent Chassis) technology cooperation agreement with Yiwei, a JAC Group sub-brand. The two companies agreed to further deepen their partnership by launching comprehensive cooperation on CIIC technology to develop CIIC-based new model platforms and promote the application of several scenario-based models. On January 6, 2024, CATL signed a strategic cooperation agreement with JAC Group. The signing of the CIIC agreement complements and further deepens this strategic partnership. (From a CATL Intelligent press release dated January 6, 2025) |
| BAIC BJEV |
-CATL (Shanghai) Intelligent Technology Co., Ltd. (CATL Intelligent) signed an agreement on the development of integrated intelligent chassis platform technology with Beijing Electric Vehicle Co., Ltd. (BAIC BJEV), which marks a consensus on further deepening their cooperation. Based on integrated intelligent skateboard chassis, the two companies will develop a new model platform and promote the application of several related models. For this partnership, the debut model will adopt the CIIC (CATL Integrated Intelligent Chassis) technology to address the pain points of vehicle energy efficiency and user anxiety over vehicle range and recharging and meet the requirements of advanced autonomous driving solutions for intelligent chassis redundancy. (From a CATL press release dated December 3, 2024) |
| DST Car Rental (Shenzhen) Co., Ltd. |
-Contemporary Synland Technology Co., Ltd. (CATL Synland) signed a strategic cooperation agreement on commercial vehicle skateboard chassis with DST Car Rental (Shenzhen) Co., Ltd. (DST). CATL Synland and DST will fully leverage their advantages in areas such as markets, users, technology, and scenarios for in-depth cooperation on commercial vehicle skateboard chassis, planning to co-develop 10,000 energy-efficient skateboard chassis. This strategic partnership indicates the upcoming large-scale application of energy-efficient skateboard chassis. The two companies will jointly promote the innovation and upgrading of New Energy Vehicle technology to provide users with energy-efficient skateboard chassis solutions and establish a new ecosystem for high-quality green and low-carbon logistics. (From a CATL press release dated November 24, 2024) |
| Neta |
-the CIIC 800V variant of the Neta S shooting brake will install CIIC (CATL Integrated Intelligent Chassis), a core product of Flexhub. (From a press release dated August 23, 2024) |
| Solutions in the field of battery replacement |
-The Company released the "EVOGO" modular battery swapping solution in 2022, and the one-stop heavy-duty truck battery swapping solution "Qiji” in 2023. In 2024, the original EVOGO battery swap brand was updated to "Choco-Swap".
| Solutions in the field of battery replacement | |
|---|---|
| Choco-Swap |
-In 2024, the original EVOGO battery swap brand was updated to "Choco-Swap". CATL hosted the Choco-Swap Ecosystem Conference in Xiamen, where it launched next-generation battery swapping solutions and established the Choco-Swap Ecosystem with nearly 100 partners. For swappable batteries, CATL introduced two standard swappable battery models named #20 and #25, analogous to #92 and #95 gasoline. Each model is available in lithium-iron phosphate and ternary lithium variants with different capacity to meet diversified user requirements. For battery swapping stations, CATL accomplished the strategic goal of deploying 1,000 battery swapping stations by 2025. Subsequently, the company and its ecological partners will work with the whole society to strive to expand from 10,000 battery swapping stations to 30,000. Each of the stations will be compatible with wheelbases from 2.55m to 3.1m and contain a warehouse housing 14-30 batteries, delivering a swap success rate of 99.99% and a swap time as little as 100s. For the establishment of a battery swapping ecosystem, CATL developed 10 battery-swappable models with Changan Auto, GAC Group, BAIC Group, Wuling Motors, and FAW Group for launch at the end of 2024. Concurrently, the company optimized vehicle buying and selling processes with top players in several industries to offer customers flexible battery swapping solutions. Announced at the conference were rents for swappable lithium-iron phosphate battery packs. Also signed were subscription agreements with 30 companies for a total of 107,500 battery packs. (From a CATL press release dated December 19, 2024) |
| Battery swap solution for heavy-duty trucks "Qiji" | In June 2023, CATL launched Qiji Energy, a battery swap solution for heavy-duty trucks. The solution consists of Qiji Swapping Electric Blocks, Qiji Battery Swap Station, and Qiji Cloud Platform. Based on the CATL’s 3rd-generation LFP battery chemistry, Qiji Swapping Electric Blocks adopt the innovative NP (Non Propagation) technology and CTP (cell-to-pack) technology, striking a balance between safety and usage costs. Qiji Battery Swap Station enables one-stop swapping for different truck models and brands. The Qiji Energy adopts the modular design with each swapping electric block having a capacity of 171kWh. Users can choose the number of blocks from 1 to 3 according to different needs and scenarios. Qiji Cloud Platform uses big data analysis to realize asset monitoring, intelligent dispatching, one-click appointment for battery swapping, and transportation route planning, which will significantly enhance operational and transportation efficiency. |
| Battery swap partner companies | |
|---|---|
| NIO |
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| Changan Auto |
-CATL held a ceremony for the signing of a tripartite cooperation agreement on a battery swapping project with Contemporary Amperex Energy Service Technology Ltd. (CAES) and Changan Auto in Chongqing. Announced at the ceremony was that Changan Auto’s Oshan 520, the first model to feature a next-generation Choco-SEB (Swapping Electric Block) battery, reached mass production, and that a next-generation Choco-SEB battery swapping station was commissioned concurrently. On the same day, CAES signed a strategic cooperation framework agreement with Sinopec Chongqing Branch for in-depth cooperation on battery swapping station construction and operation, market expansion, and brand promotion. The ceremony indicates that CATL and Changan Auto are seeking advantage complementation and a win-win situation in the battery swapping industry by co-building a safe, reliable, efficient, economical, green, and low-carbon New Energy Vehicle battery swapping ecosystem to provide users with better recharging experience and electrified mobility services. (From a CATL press release dated November 25, 2024) |
| GAC Aion |
-CATL signed a cooperation framework agreement on a battery swap project with GAC Aion and Contemporary Amperex Energy Service Technology Ltd. (CAES). According to the agreement, the three parties will give full play to GAC Aion’s market and brand advantages, CATL’s power battery technology and industrial resource advantages, and CAES’ New Energy Vehicle battery swapping equipment development, operation and management, and software platform development advantages to cooperate in depth in areas such as the development of battery-swappable vehicles; the development, manufacturing, and circulation of Swapping Electric Blocks; the management of finished vehicles and battery data; and vehicle warranty and after-sales services. They will jointly boost the sales of GAC Aion battery-swappable vehicles and create more efficient and convenient energy replenishment experiences for users. (From a CATL press release dated May 16, 2024) |
| DiDi Chuxing |
-CATL announced the official establishment of a battery swapping joint venture (JV) with DiDi Chuxing Technology Co., Ltd. (DiDi Chuxing). The JV will provide battery swapping services for New Energy Vehicles in the online ride-hailing industry. In addition to establishing the JV, CATL formed a strategic partnership with Orange Energy, a DiDi Chuxing subsidiary, to promote cooperation in more extensive New Energy areas such as energy storage-charging integration. Orange Energy is engaged in multiple fields such as Internet refueling, intelligent charging, virtual plants, power trade, ancillary power services, and corporate services. (From a CATL press release dated January 28, 2024) |
| Regions in which the Qiji Energy battery swap service has started (in China) | |
|---|---|
| the world’s first in-port bottom-mounted heavy-duty truck battery swapping station |
Qiji Energy, a subsidiary of CATL, announced the commissioning of the world’s first in-port bottom-mounted heavy-duty truck battery swapping station with Yantian International Container Terminals Ltd. (Yantian International). Qiji Energy and Yantian International will make concerted efforts in areas such as transformation and upgrading of port logistics, development of intelligent ports, and establishment of a green and low-carbon transportation system. This battery swapping station not only realizes one-stop battery swapping for battery electric heavy-duty trucks of different types and brands, but also shortens recharging time for battery electric heavy-duty trucks from 1 hour to 5 minutes to greatly enhance port operating efficiency. Qiji Energy leverages an innovative bottom-mounted battery design to increase single-vehicle battery capacity to 342kWh. Not only does this effectively lower vehicle center of gravity to guarantee safer and smoother driving, but also enables vehicles to “run all day on a single battery swap” to remarkably curb operational standstill due to frequent charging. Compared with conventional ICE trailers, heavy-duty trucks with a bottom-mounted battery are expected to generate 20% less energy consumption costs. For this partnership, Qiji Energy and Yantian International will launch nearly 100 such battery electric heavy-duty trucks as the first batch for a more than 5,000t reduction in carbon dioxide emissions per year. (From a CATL press release dated November 27, 2024) |
| Shandong Hi-Speed Group |
CATL announced the signing of a strategic cooperation agreement with Shandong Hi-Speed Group Co., Ltd. (SDHS). According to the agreement, both parties will cooperate in New Energy areas such as heavy-duty truck battery swapping and green battery manufacturing. Qiji Energy, a CATL sub-brand for heavy-duty truck battery swapping solutions, will give full play to its advantages of innovative technologies and operation models and combine them with SDHS’s resource advantages to build a rapid battery swapping network focusing on core trunk lines in Shandong with SDHS. In the future, both parties will continue to deepen their cooperation to co-build a green trunk line transportation network, support Shandong in accelerating its energy transition, and promote the realization of China’s goals of carbon peaking and carbon neutrality. (From a CATL press release dated September 13, 2023) |
| Fujian Expressway Group |
CATL announced that the first green logistics highway in China that allows heavy-duty trucks to swap batteries, jointly built by a CATL subsidiary and Fujian Expressway Group, has opened to traffic. Named Ningde-Xiamen Trunk Line, it is located in the Fuzhou Ring Expressway section of the Shenhai Expressway and spans a total length of about 420km. There are 4 battery swap stations along the trunk line. The Ningde-Xiamen Trunk Line integrates Qiji Swapping Electric Blocks, Qiji Battery Swap Station, and Qiji Cloud Platform, giving full play to the innovative technology and operation model of Qiji’s one-stop solution for battery swapping. Electric heavy-duty trucks travelling between Ningde and Xiamen can enjoy battery swapping and replenishment services on this trunk line. Fujian Province has a fleet of 120,000 heavy trucks. If changes in fuel prices and vehicle purchase costs are not taken into account, Qiji Energy solution will reduce logistics costs by approximately CNY 3 billion per year as well as reduce carbon emissions by 18 million tons. (From a press release dated August 24, 2023) |
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| Dongfeng Fukang ES600 at a battery swap station in Xiamen, Fujian Province | Qiji Energy battery swap station |
| Source: From CATL's official WeChat account and press releases | |
R&D expenses |
(CNY millions) |
| Year ended December 31, 2024 | Year ended December 31, 2023 | Year ended December 31, 2022 | ||
| R&D expenses | 18,606.75 | 18,356.11 | 15,510.45 | |
| Percentage of sales (%) | 5.14% | 4.58 | 4.72 | |
-The Company's R&D headcount decreased by 1.25% over the previous year to 20,346. This represents 15.42% of the company's total workforce.
Patents & Certification
-As of December 31, 2024, the company held a total of 43,354 patents and patent applications, including 25,439 domestic and 17,915 outside China, according to its 2024 annual report.
-CATL announced that its plant in Thuringia, Germany was granted dual certificates by VW Group’s module and battery cell testing labs. Since 2014, CATL, VW Group, and VW Group joint ventures have been cooperating in depth on technologies such as the MEB (Modular Electric Drive Matrix), the MQB (Modular Transverse Toolkit), the PPE (Premium Platform Electric), and 12V and 48V low-voltage battery systems. All the products have reached mass production. (From a CATL press release dated April 11, 2024)
-CATL announced that its testing and validation headquarters lab was granted module and battery cell testing lab certificates by VW Group after its Thuringian plant. This makes CATL the world’s first battery manufacturer to be granted the two VW Group certificates and the only company with VW Group-certified labs in Europe. As early as 2009, VW Group started developing corporate standards for power batteries. After more than a decade of development, its PV test standards include nearly 200 cell test items and over 100 module test items, covering verification of performance, mechanics, safety, environment, and more. (From a CATL press release dated June 14, 2024)
R&D organization
-The company has a national engineering research center for electrochemical energy storage technology, a key laboratory for lithium-ion battery enterprises in Fujian Province, a testing and verification center accredited by the China National Accreditation Service for Acceptance Verification (CNAS), and a 21C innovation laboratory that focuses on cutting-edge basic research in the field of energy storage and conversion. The company also established the Postdoctoral Research Station and the Fujian Academic Expert Workstation. In 2022, the company established the Shanghai Institute of Future Energy and has cooperative relationships with Shanghai Jiao Tong University, Harbin Institute of Technology, and the Chinese Academy of Sciences in the areas of human resource development and scientific and technological research.
| Newly established in 2024 | Details |
| CATL Hong Kong R&D Center |
CATL commissioned an R&D center with a land area of 836 square meters in Hong Kong, where 75 projects and 200 professional personnel will be launched and employed, respectively. This center is CATL’s 6th R&D facility outside of the Chinese mainland and Germany, as well as part of its December 2023 commitment to invest over HKD 1.2 billion (USD 154.5 million) in Hong Kong. Furthermore, CATL will work closely with universities in Hong Kong to promote in-depth IUR (Industry-University-Research) cooperation and accelerate the commercialization of scientific research achievements. (From multiple press releases dated October 16, 2024) |
Partnering with OEMs
| OEM | Details |
|---|---|
| VW China |
VW China signed a memorandum of strategic cooperation with CATL. Focusing on technology innovation and product upgrading, the two companies will leverage their respective advantages to fully deepen cooperation in areas such as R&D of New Energy Vehicle (NEV) lithium batteries, application of new materials, and development of components. They will co-develop battery concepts and offerings with advanced technology and high cost competitiveness. In the future, the two companies will place emphasis on power batteries. They will further explore areas such as battery recycling, battery swapping, V2G (Vehicle to Grid), carbon emission reduction, and raw material supply transparency to help VW China better seize market opportunities, provide Chinese consumers with high-quality and safe NEV offerings, and accelerate electrification. (From a CATL press release dated February 21, 2025) |
| Foton Motor |
CATL signed a 10-year strategic cooperation agreement with Foton Motor in Ningde, Fujian. Focusing on areas such as development and application of cutting-edge technology, expansion of markets outside of China, the finished vehicle and power battery aftermarkets, and establishment of industrial ecosystems, the two companies plan to launch in-depth cooperation on the electrification of commercial vehicles for advantage complementation and a win-win situation. In the future, CATL will work with more upstream and downstream partners to further promote the popularization of commercial vehicle battery technology. |
| SAIC Motor |
CATL signed an agreement on deepening strategic cooperation with SAIC Motor in Ningde, Fujian. Under the agreement, regarding technology cooperation, CATL will be deeply integrated into SAIC Motor’s R&D chain to prioritize deploying cutting-edge technologies and products for the automaker. The two companies will co-develop suitable new products to promote the efficient market launch of SAIC Motor models to achieve large-scale commercial application and seize market heights. For battery swapping, SAIC Motor designated CATL as a preferred partner. The two companies will integrate each other’s advantages and resources, with SAIC Motor focusing on the development and sales of battery-swappable models and CATL on the development and iteration of SEBs (Swapping Electric Blocks). They will jointly boost the popularization of the battery swapping ecosystem to create more convenient electric mobility experiences for consumers. Furthermore, the two companies will work together in diversified areas such as brand marketing; after-market services for vehicles and power batteries; expansion of markets outside of China; ESG; and joint venture cooperation. (From a CATL press release dated January 10, 2025) |
| FAW Jiefang |
CATL signed a strategic cooperation agreement with FAW Jiefang in Ningde, Fujian. Under the agreement, the two companies will cooperate comprehensively on New Energy commercial vehicles (NECVs). They will efficiently integrate all kinds of superior resources for cooperation in areas such as supporting products, product development, technology project declaration, industrial ecosystem establishment, and business model innovation for mutual benefit and win-win results. Jiefang-CATL New Energy Technology Co., Ltd., a joint venture between FAW Jiefang and CATL, will strongly support the two companies in achieving NECV sales growth. In the future, CATL will fully leverage its advantages in core New Energy technology to boost the development and popularization of commercial vehicle battery technology with FAW Jiefang to help the commercial vehicle transportation industry realize full electrification as soon as possible. (From a CATL press release dated January 6, 2025) |
|
Suzhou Synland Power Technology Co., Ltd. (Synland), a subsidiary of CATL, announced that it signed a strategic cooperation agreement with FAW Jiefang Qingdao Automotive Co., Ltd. (FJQ), aiming to enhance their cooperation on new energy skateboard chassis. Under the agreement, FJQ will select Synland as its preferred partner for electric skateboard chassis, while Synland will cooperate with FJQ in the development and production of electric light trucks, and provide FJQ with competitive electric skateboard chassis and service guarantees. The two companies will jointly explore the domestic New Energy Vehicle (NEV) market. Upon the signing of the agreement, the two companies will start joint development of a next-generation New Energy Light Truck built on Synland’s skateboard chassis. Synland will leverage its own technological and industrial advantages, work with FJQ during the development process, and make contributions to FJQ’s market success and business growth. (From a press release dated July 16, 2024) |
|
| Changan Auto |
CATL announced that it signed a comprehensive memorandum of understanding with Changan Auto to deepen their strategic cooperation. Against the backdrop of vehicle electrification, based on trust and communication, Changan Auto and CATL will make use of their respective strengths in their respective industries to establish a long-term cooperative relationship. The two parties aim to achieve complementary advantages and win-win cooperation, jointly enhance sustainable development and innovation capabilities, and build strong market competitiveness. Under the agreement, the two companies will collaborate extensively over the next five years, covering areas such as joint branding, technology innovation, market promotion, aftermarket, and global market expansion. (From a press release dated November 9, 2024) |
| Shacman CV |
Shaanxi Automobile Group Commercial Vehicle Co., Ltd. (Shacman CV) launched the new Zhiyun Tianxing light-duty truck in Ningde, Fujian, where a strategic cooperation agreement was signed with CATL. Equipped with a CATL Tianxing L series battery, the Zhiyun Tianxing is available in fast charging and long-range variants. The 2C fast charging variant delivers 200km of range on an 18-minute charge, meeting the commercial vehicle market’s demand for fast recharging. The 120kWh long-range variant delivers a combined range of over 445km at standard loads. CATL has maintained a long-term, high-quality partnership with Shacman CV. Since 2019, Shacman CV has only used CATL batteries in all its New Energy models. In 2024, the number of cooperative light-duty trucks between the two companies is expected to exceed 6,000 units. (From a CATL press release dated October 13, 2024) |
| Chery |
Chery Commercial Vehicle (Anhui) Co., Ltd. (Chery CV) launched the new Lingmi light-duty truck in Ningde, Fujian, where a strategic cooperation agreement was signed with CATL. According to Chery CV, the Lingmi will employ CATL batteries only, coming standard with the Tianxing-L Superfast Charging and Long-range editions. Under this agreement, the two parties will continuously innovate products to expand the application scenarios of New Energy logistics vehicles and accelerate the green transformation of the logistics vehicle industry. (From a CATL press release dated August 15, 2024) |
| BAIC |
CATL signed an agreement on deepening strategic cooperation with BAIC Group. For a next-generation intelligent chassis, the two parties will cooperate in depth on the next-generation CIIC (CATL Integrated Intelligent Chassis) for electric platforms. They will jointly study skateboard chassis architecture, system, processes, costs, and performance balance to develop this chassis based on the requirements for scenario-defined vehicles, intelligentization, personalization, and more. For battery swapping, the two parties and Contemporary Amperex Energy Service Technology Ltd., a CATL subsidiary, will focus on the development of battery-swappable vehicles and Swapping Electric Blocks, the circulation of Swapping Electric Blocks, the management of battery-related data, and regional cooperation on battery swapping stations. Furthermore, the two parties will partner with CATL Qiji Digital Technology (Shanghai) Co., Ltd., another CATL subsidiary, for the development and sales of battery-swappable heavy-duty trucks, the sales and rental of batteries for such trucks, and energy services. (From a CATL press release dated June 19, 2024) |
| Beijing Hyundai |
CATL announced that it has signed a strategic partnership agreement with Beijing Hyundai Motor Co., Ltd. (Beijing Hyundai). The two companies will cooperate on Beijing Hyundai’s electric vehicle (EV) projects and will promote the use of CATL batteries in Beijing Hyundai EVs to be introduced in the future. With the agreement, Beijing Hyundai is expected to launch over 10 global models equipped with CATL’s latest battery technology including CTP (cell to pack) and NP. CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai’s business growth in China. CATL and Hyundai have established and strengthened their partnership over the past years. In October 2021, CATL and Hyundai Mobis Co., Ltd. signed a technology licensing and partnership agreement, according to which CATL will introduce and disclose its CTP technology to Hyundai Mobis as well as support Hyundai Mobis in the supply of related CTP products worldwide. (From a press release dated April 25, 2024) |
| JAC Group |
CATL announced the establishment of a strategic partnership with JAC Group. According to the agreement, the two parties will conduct cooperation in areas such as supply of power batteries, introduction of battery swapping technologies, co-development and application of new technologies and products, expansion of domestic and foreign markets, and carbon emission reduction for the industrial chain. Concerning power batteries, CATL will provide JAC Group with new technologies and products for power batteries, perfect production-sales-R&D coordination services, and technologies deeply integrating finished vehicle platforms and batteries to co-develop competitive New Energy models. In terms of technology cooperation, both parties will establish a joint R&D team for the co-development and application of new technologies and products. They will jointly promote the introduction of the CIIC (CATL Integrated Intelligent Chassis) technology, determine models applicable to this technology, and formulate cooperation schemes and development plans as needed. (From a CATL press release dated January 7, 2024) |
| M-Hero Technology |
CATL announced the signing of a three-year strategic cooperation agreement with M-Hero Technology, a Dongfeng Motor subsidiary. As M-Hero Technology’s preferred partner for power batteries, CATL will fully support M-Hero Technology in developing and manufacturing finished vehicles and provide the automaker with competitive power battery products and services. In addition, both parties will cooperate closely in areas such as development of new batteries, application of the Shenxing Superfast Charging Battery, projects on technology innovation, and market promotion. The M-Hero 917 SUV to be launched will come with a “CATL Inside” sign. (From a CATL press release dated January 4, 2024) |
Strategic partnership
| Business partner | Details |
|---|---|
| Jinmao Intelligent Transportation Technology Co., Ltd. |
CATL signed a strategic cooperation agreement with Jinmao Intelligent Transportation Technology Co., Ltd. (JITT) in Ningde, Fujian. The two companies will launch in-depth cooperation in core areas such as power batteries, charging and battery swapping technologies, and battery banks to address energy replenishment issues in the industry, promote the upgrading of the New Energy heavy-duty truck energy replenishment system, and boost the green transition of the freight industry. JITT has in-house developed battery swapping stations and in-vehicle battery swapping systems, with its battery swapping operations covering regions such as Xiong’an New Area, Jiangsu, Shandong, and Sichuan. The company boasts rich experience in areas such as battery banks and energy replenishment for battery swapping infrastructure. (From a CATL press release dated March 3, 2025) |
| Baidu |
CATL signed a strategic cooperation agreement with Baidu in Ningde, Fujian. Focusing on driverless technology as well as digitalization and intelligentization, the two companies will jointly bolster the popularization and development of driverless mobility services and the industrial application and promotion of AI. The two companies will actively discuss cooperation on superior resources of them and their affiliated parties, including but not limited to the application of CATL’s power batteries, battery swapping offerings and services, skateboard chassis technology to driverless vehicles as well as the exploration and creation of highly competitive driverless vehicles and innovative business models, to provide users with more convenient and higher-quality mobility services. Baidu will leverage its autonomous and controllable full-stack AI capabilities to support CATL in digitalization and intelligentization from the chip, platform, and application levels. (From a CATL press release dated February 27, 2025) |
| Shandong Heavy Industry Group |
CATL signed a strategic cooperation agreement with Shandong Heavy Industry Group (SHIG) in Ningde, Fujian. Under the agreement, the two parties will explore and cooperate pragmatically in areas such as heavy-duty trucks, construction machinery, buses, logistics vehicles, and forklifts. SHIG owns a number of subsidiaries in areas such as heavy-duty trucks, agriculture, and buses. (From a CATL press release dated September 15, 2024) |
| Guangzhou Public Transport Group |
CATL signed a strategic cooperation framework agreement at its headquarters with four Guangzhou institutions including Guangzhou Public Transport Group (GPTG). According to the agreement, the five parties will cooperate in depth in comprehensive battery service areas such as vehicle electrification; automotive after-market services; innovation of business models; supply chain finance; and training of talented personnel in the New Energy Vehicle (NEV) industry. They will jointly explore the in-depth integration of the automotive and NEV battery service industrial chains and promote the green sustainable development of the public transport and road transport industries to create higher-quality, greener, and smarter mobility services and experiences for the public. GPTG, a large state-owned enterprise wholly owned by the People’s Government of Guangzhou Municipality, is engaged in five core areas: urban public transport, taxi transport, modern logistics, smart transport, and NEV transport. It currently has nearly 27,000 vehicles including buses, taxis, road passenger vehicles, and logistics vehicles; 53 operating ships; and 179 bus charging stations under overall management. (From a CATL press release dated May 18, 2024) |
| Star Charge |
CATL signed a strategic cooperation agreement with Star Charge. According to the agreement, the two parties will cooperate in depth in areas such as high-power charging; R&D of charging-inspection integration technology; construction of charging infrastructure; and co-branding of super charging stations to build a leading super charging network through the interconnection of equipment, platforms, and data. They will offer one-stop energy replenishment services to enable New Energy Vehicle owners to enjoy efficient, quality charging experience. Furthermore, CATL announced a plan to cover 100 Chinese cities with 10,000 super charging stations in 2024-2025. (From a CATL press release dated April 26, 2024) |
| Sinopec |
CATL signed a strategic cooperation framework agreement with Sinopec (China Petroleum & Chemical Corporation) in Beijing to jointly promote the demonstration application of photovoltaic power generation-energy storage-charging integrated micro grid technology. Through a joint venture, the two parties will accelerate the launch of passenger vehicle battery swapping operations and explore the feasibility of swapping batteries for commercial vehicles at comprehensive energy stations. For technology innovation, the two parties will jointly promote the formulation and revision of relevant standards for battery applications such as energy storage and battery swapping. They will jointly study the measurement methodology for the full-lifecycle carbon footprint of petrochemical products and reliable data. For energy storage, the two parties will cooperate in areas such as industrial and commercial energy storage, energy storage and power supply for refining and chemical companies, and power supply from energy storage as an alternative to diesel generators. In the future, the two parties will leverage their respective advantages to contribute more to the green, low-carbon, and high-quality development of the energy industry. (From a CATL press release dated March 14, 2024) |
Alliances with government and related organizations on New Energy
| Partner | Details |
|---|---|
| People’s Government of Hainan Province |
CATL signed a strategic cooperation agreement with the People’s Government of Hainan Province in Haikou. Under the agreement, focusing on the goals of carbon peaking and carbon neutrality, the two organizations will fully combine their respective advantages and resources for cooperation in areas such as development and utilization of green energy, establishment and application of a new energy storage system, electrification of transportation, and planning and construction of infrastructure. They will develop “regional zero-carbon” demonstration projects and promote implementation experience. Concurrently, the two parties will actively explore cooperation in areas such as energy innovation platform projects, New Energy battery recycling, interaction with key companies, and New Energy industry funds to help make Hainan Province a benchmark for carbon peaking and carbon neutrality with global influence. (From a CATL press release dated September 29, 2024) |
| Shaanxi Transportation Holding Green Development Group Co., Ltd. |
CATL signed a strategic cooperation agreement with Shaanxi Transportation Holding Green Development Group Co., Ltd. (Green Development Group). According to the agreement, the two parties will cooperate in depth in areas such as commercial vehicle electrification, battery asset management, and battery cascade utilization. They will establish a long-term and stable partnership to support the rapid development of the green transportation industry in Shaanxi and even the whole of China. Green Development Group, a Shaanxi Transportation Holding Group subsidiary, is an integrated service provider of green and clean energy in the transportation industry and an integrated supplier throughout the green and low-carbon industry chain. It is committed to promoting the development of industries related to “transportation + New Energy” and the strategic emerging industry of “energy conservation and environmental protection projects and services”. (From a CATL press release dated July 17, 2024) |
| Nanjing Municipal People’s Government |
CATL signed an agreement with the Nanjing Municipal People’s Government for comprehensive strategic cooperation on the construction of a zero-carbon city. According to the agreement, the two parties will deepen cooperation in areas such as photovoltaics and energy storage demonstration projects; transportation electrification; energy innovation platform deployment; and zero-carbon park construction. They will explore the integrated development of a complete industry eco-chain covering links such as R&D, manufacturing, and recycling. Furthermore, several districts of Nanjing signed relevant agreements for charging and battery swapping stations, skateboard chassis-based vehicles, and photovoltaic power generation with CATL subsidiaries. (From a CATL press release dated June 23, 2024) |
| three Chinese institutions |
CATL signed a cooperation agreement with three Chinese institutions for the establishment of the Taihu Bay V2X (Vehicle to Everything) Innovation Center to promote innovative policies for intelligent vehicle operation safety in China and support the high-quality development of New Energy Vehicles (NEVs) and power batteries. According to the agreement, the four parties will cooperate on intelligent connectivity in areas such as testing of NEV battery safety and application scenarios; R&D of testing equipment for NEV battery, motor, and electronic control systems; and NEV intelligent mobility. By accelerating the transformation of technological achievements and exploring new development models, they will jointly expand V2X applications with battery services, break new ground for applications, and create an industrial agglomeration effect to contribute to the establishment of the center. (From a CATL press release dated April 27, 2024) |
| Henan Transport Investment Group Co., Ltd. |
CATL announced the signing of a strategic cooperation framework agreement with Henan Transport Investment Group Co., Ltd. (HATI). According to the agreement, the two parties will co-build an ecosystem for green transportation and energy replenishment and a network of expressway service area battery swapping stations; promote the electrification of all kinds of fuel-powered machinery, vehicles, and devices in expressway construction and service area operation; and explore cooperation on photovoltaics projects for service areas and toll stations to establish supporting energy storage systems. The two parties will deploy charging and battery swapping stations integrating “photovoltaics, energy storage, super charging, and detection” in service areas and along key national and provincial expressways; and accelerate the application of electric heavy-duty trucks to establish a zero-carbon trunk line transportation network. Focusing on inland water transportation, they will promote the construction of green low-carbon ports through the establishment of wind power, photovoltaics, and energy storage systems; marine electric power systems; and shoreside charging and battery swapping systems. (From a CATL press release dated March 21, 2024) |
| Government of Sichuan Province |
CATL announced the signing of an agreement on comprehensively deepening strategic cooperation with the People’s Government of Sichuan Province in Chengdu. According to the agreement, the two parties will further expand cooperation areas, deepen cooperation models, and improve cooperation mechanisms. They will strengthen cooperation in areas such as development of green energy, development of new energy storage, and construction of zero-carbon parks. They will jointly facilitate the development and utilization of lithium ore resources to push ahead with the construction of the CATL Southwest China Regional Headquarters. Since the 2019 establishment of Sichuan Contemporary Amperex Technology Ltd., a wholly-owned subsidiary, CATL has invested in and implemented several major New Energy projects in regions such as Yibin, Chengdu, and Ganzi. (From a CATL press release dated February 3, 2024) |
Battery production capacity (GWh)
-The Company has a total of 13 production sites: Ningde (Fujian), Xining (Qinghai), Liyang (Jiangsu), Yibin (Sichuan), Zhaoqing (Guangdong), Shanghai Lingang New Area, Xiamen (Fujian), Yichun (Jiangxi), Guiyang (Guizhou), Jinning (Shandong), Luoyang (Henan), Erfurt (Germany) and Debrecen (Hungary). It has also established battery production plants in joint ventures with OEMs such as SAIC, Geely, FAW, GAC, and Dongfeng. As of December 2024, the production capacity was 676GWh.
| Year ended December 31, 2024 | Year ended December 31, 2023 | Year ended December 31, 2022 | |
|---|---|---|---|
| Production capacity | 676 | 552 | 390 |
| Production output | 219 | 100 | 325 |
| Utilization rate | 76.33% | 70.47% | 83% |
| Additional production capacity under construction | 516 | 389 | 152 |
New plants
| Location | Area (1,000 m2) |
Investment | Production capacity | Products | Details |
|---|---|---|---|---|---|
| Dongying | - | - | 40GWh | Drive batteries |
CATL signed a strategic cooperation agreement on the construction of a zero-carbon city and a Dongying zero-carbon industrial park with the Dongying Municipal People’s Government of Shandong Province. Under the agreement, the two parties will launch in-depth cooperation in areas such as construction of a zero-carbon city, expansion of zero-carbon application scenarios, construction of a lithium battery green intelligent manufacturing site, and New Energy transformation of industries. They will co-build China’s first leading demonstration zero-carbon industrial park with a high proportion of green energy supply. The first phase of the project is slated for the construction of a 40GWh lithium battery green intelligent manufacturing site in Kenli District, while the second phase will be launched in due course. The project aims to build a green industry cluster area for the entire lithium battery chain to stimulate new momentum for green sustainable growth.(From a Dongying Municipal People’s Government press release dated March 15, 2025) |
| Fuzhou | - | - | 40GWh | Drive batteries |
According to a Luoyuan County press release, the Fuzhou Municipal People’s Government signed a strategic cooperation framework agreement on zero-carbon city construction and an investment agreement on the CATL Luoyuan New Energy Site Project with CATL. Under the strategic cooperation framework agreement, focusing on the goal of building a zero-carbon city, the Fuzhou Municipal People’s Government and CATL will launch multi-level, multi-modal, and all-round strategic cooperation in relevant areas such as industries, energy, and transportation for mutual benefit and common development. Located in the Fuzhou Taiwan Business Investment Zone, the CATL Luoyuan New Energy Site Project is for the construction of a battery manufacturing site with an annual capacity of 40GWh. The project aims to give play to CATL’s leadership in the New Energy industry to drive the consolidated development of upstream and downstream companies in the New Energy industry and establish a high-end power battery advanced manufacturing industrial chain cluster covering all relevant processes. (From a Luoyuan County press release dated January 3, 2025) |
| Luoyang | - | - | 60GWh | Drive batteries |
CATL signed a cooperation deepening agreement with the People’s Government of Luoyang Municipality (the Government) and Guohong Group for the construction of the 2nd phase of a project of Zhongzhou Contemporary Amperex Technology Limited (Zhongzhou CATL), a wholly owned subsidiary. CATL plans to invest in the construction of the 2nd phase of the Zhongzhou CATL project with an annual production capacity of 60GWh in Luoyang while continuing to advance the 1st phase. Together with the Government, the company will strive to improve the production capacity utilization rates of all phases of the project. Previously, in June 2022, CATL signed a strategic cooperation agreement with the Government to designate Zhongzhou CATL as the main body of a project for the construction of a New Energy Vehicle battery manufacturing site in Luoyang, i.e., the 1st phase of the aforementioned project, with an investment amount of up to CNY 14 billion. (From a CATL press release dated September 9, 2024) |
| Beijing (Being constructed) | - | - | - | Cells |
A Beijing battery manufacturing site co-invested by enterprises such as CATL, BAIC Group, Beijing Energy Holding, and Xiaomi Corp. broke ground. Built to the standards for “lighthouse and zero-carbon plants”, the site will come with CATL advanced high-cycle-time, highly automated, and highly flexible production lines. Upon completion, it will provide batteries for automakers in the Beijing-Tianjin-Hebei (BTH) region, such as BAIC Group, Xiaomi EV, and Li Auto. Concurrently, CATL will motivate more enterprises upstream and downstream the industry chain to settle in the BTH region to enhance the overall competitiveness of the region’s New Energy Vehicle industry chain and supply chain ecosystem. In the future, CATL will promote cooperation with the People’s Government of Beijing Municipality in areas such as transportation electrification and charging and battery swapping infrastructure construction, and will develop a range of projects for green, low-carbon, and high-quality development with enterprises such as BAIC Group, Beijing Energy Holding, and Xiaomi Corp. (From a CATL press release dated June 18, 2024) -According to multiple press releases, Beijing CATL Power Battery Co., Ltd. was officially established on May 17. With a registered capital of CNY 1 billion, it is jointly owned by companies including Xiaomi EV Technology Co., Ltd. (Xiaomi EV) and CATL. The company is engaged in battery manufacturing and will reportedly invest in building an intelligent cell manufacturing plant in Beijing. (From multiple press releases dated May 20, 2024) -The People’s Government of Beijing Municipality issued a list of key government tasks for 2024, proposing the follows: implementing a batch of demonstration projects such as establishment of a new power system; promoting the high-quality development of the New Energy Vehicle industry; actively developing industrial chains for key components such as motors, batteries, electronic controllers, and automotive-grade chips; improving the cluster development level of the auto industry; and encouraging and supporting auto exports. Also mentioned are accelerating the construction of a solid-state lithium-ion battery industrialization project of Beijing WeLion New Energy Technology Co., Ltd. and promoting the groundbreaking of the first phase of a CATL cell plant. (From a People’s Government of Beijing Municipality press release dated February 1, 2024) |
| Yibin City, Sichuan Province | 1,300 | CNY 12 billion | 40GWh | Drive batteries |
The Sichuan Contemporary Amperex Technology Limited Phases 7 and 8 project, with a total investment of CNY 12 billion and a maximum planned construction start-up capacity of 225GWh, will be the world's largest battery production site when completed. Once the project is completed and production begins, the plant is expected to generate annual sales of CNY 35 billion. Previously, the project had been built in six phases with an investment of approximately CNY 32 billion starting in 2019, but the Sichuan CATL Phases 7-10 Project Investment Agreement was signed to invest an additional CNY 24 billion beyond the first six phases, bringing the total investment to CNY 66 billion. The first phase officially went into operation in June 2021. -The first standard battery cell of CATL Changan Power Battery Co., Ltd. (CATL Changan) officially rolled off the production line in Sanjiang New Area, Yibin, Sichuan, marking that the joint power battery project among CATL, Changan Auto, and Deepal has officially gone into production. Located in Yibin, Sichuan, and jointly established by CATL, Changan Auto, and Deepal with a total investment amount of CNY 6 billion, CATL Changan is a technological manufacturing company integrating the R&D, manufacturing, and sales of emerging energy technologies and new material technologies. (From a CATL Changan press release dated November 25, 2023) |
| Xiamen City, Fujian Province | 1,270 | CNY 13 billion | - | Drive batteries, energy storage systems | All construction was completed within 26 months. The production of power battery systems and energy storage systems will be carried out mainly by the wholly owned subsidiary, Xiamen Contemporary Amperex Technology Limited |
|
Ningde City, Fujian Province |
- | CNY 357 million | 6.5GWh | Drive battery modules | Completed in April 2022. |
| Zhaoqing City, Guangdong Province | - | CNY 12 billion | - | Drive batteries, energy storage systems | Construction began on March 28, 2021, with production starting in May 2022. |
| Yichang City, Hubei Province | - | CNY 32 billion | - | -Operated by the following affiliated companies - Ningbo Brunp CATL New Energy Co., Ltd.: Battery cathode materials (construction started in September 2022) - Guangdong Brunp Recycling Technology Limited: Recycling of waste lithium iron phosphate - Brunp Yihua |
In October 2021, the holding subsidiary Guangdong Brunp Recycling Technology Co., Ltd. and its subsidiary Ningbo Brunp CATL New Energy Co., Ltd. and Yichang City agreed on a joint project. The partnership will cover the industrial life cycle of phosphate ore, raw materials, precursors, cathode materials, and battery recycling. An industrial park will be built to supply battery cathode materials for 4 million New Energy Vehicles. |
| Luoyang City, Henan Province | 1,130 | CNY 14 billion | - | Drive batteries, energy storage systems | Project by the wholly owned subsidiary Zhongzhou Contemporary Amperex Technology Limited. |
| Suzhou City, Jiangsu Province | 115 | CNY 5 billion | - | CTC integrated electric chassis, power domain integration, power electronics and energy storage systems, etc. | - |
| Jining City, Shandong Province | 1,330 | CNY 14 billion | - | Drive batteries, energy storage systems | Battery swap station for heavy-duty trucks |
|
Thüringen, Germany |
- | EUR 1.8 billion | 14GWh | Battery cells |
Invest in Thuringia announced that CATL is building its first battery cell manufacturing facility outside of China in the industry park “Erfurter Kreuz” and officially launched its local production of lithium-ion cells at the end of January 2023. After delays caused by Corona, production was set up according to plan. Production initially started on two module lines, and by the end of 2023, the planned six lines are scheduled to go into operation, generating an output of 24 GWh/a. In the meantime, the number of employees has grown to around 1,000. CATL is investing around EUR 2 billion in what is currently Europe’s largest cell production facility; up to 2,000 jobs will be created. (From a press release dated May 5, 2023) Construction will begin in 2021. The plant will be divided into two parts. |
| Debrecen, Hungary | 221ha | EUR 7.34 billion | 100GWh | Battery cells, modules | The company plans to supply batteries to Mercedes-Benz production sites in Germany and Hungary. |
| Mexico/USA (planning) |
- | - | 80GWh | - | - |
Mineral development, smelting, raw material processing
| Details | |
|---|---|
| Yacimientos del Litio Bolivianos |
CATL Brunp & CMOC (CBC) signed an agreement with Yacimientos del Litio Bolivianos on the construction of two lithium carbonate plants at Uyuni Salt Flat, Potosi, Bolivia. The agreement is worth USD 1 billion, under which the two plants have respective annual capacity of 10,000t and 25,000t. The Bolivian government will own 51% of the project. (From an Embassy of China in Bolivia press release and multiple press releases dated November 27, 2024) |
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