CATL (宁德时代)
Fast facts
- Year Founded
- 2011
Source: CATL Website www.catl.com/ebout/profile/
- HQ Location
- Ningde, Fujian, China
- Publicly Traded?
- Yes
Source: Shenzhen Stock Exchange Website www.szse.cboutus/trends/news/t20180611_539239.html
- Overseas Operations
- Yes
CATL has a Research & Development center and production base in Germany along with a BMW partnership, as well as wholly or partially-owned subsidiaries in France, Japan, and the US.Source: CATL Website www.catl.com/ebout/profile/
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
Valuation
2021 valuation was reported in RMB and was converted to dollars using the exchange rate from November 8, 2021.Source: Yahoo Finance finance.yahoo.com/quote/300750.SZ/key-statistics
Employees
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
Contemporary Amperex Technology Limited (CATL), or Ningde Shidai 宁德时代 is a Chinese battery maker and the world’s largest manufacturer of lithium-ion batteries for electric vehicles. It is currently a supplier for Tesla’s EVs and also has partnerships with other leading car brands such as Honda, Hyundai, BMW, Daimler, Toyota, Volkswagen, and Volvo. In China, CATL has a number of partnerships as well, including with leading brands like Geely and BAIC. Additionally, CATL is reportedly in talks with Apple to construct an EV battery factory for Apple’s planned EV.
Headquartered in Ningde, Fujian, it was listed in Shenzhen in 2018 and has a R&D center and base in Germany and subsidiaries in Japan, France, and the U.S. Although CATL was established only in 2011, the founding team has been involved in the lithium-ion battery business since 1999 under the company ATL.
Source: CATL Website www.catl.com/ebout/profile/Source: Reuters www.reuters.com/world/china/exclusive-apple-talks-with-catl-byd-over-battery-supplies-its-electric-car-2021-06-08/
-
- Name
- Ownership
-
- Ruiting Investment
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
- 24.53%
- Ruiting Investment
-
- Huang Shilin
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
- 11.20%
- Huang Shilin
-
- Ningbo United Innovation New Energy Investment Management Partnership (Limited Partnership)
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
- 6.78%
- Ningbo United Innovation New Energy Investment Management Partnership (Limited Partnership)
-
- Hong Kong Securities Clearing Company
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
- 5.58%
- Hong Kong Securities Clearing Company
-
- Li Ping
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
- 4.81%
- Li Ping
- Zeng Liuqun (曾毓群), Chairman
- Li Ping (李平), Vice Chairman
- Huang Shilin (黄世霖), Vice Chairman and Deputy General Manager
- Pan Jian (潘健), Vice Chairman
- Zhou Jia (周佳), Director and General Manager
- Wang Hongbo (王红波), Director
- Xue Zuyun (薛祖云), Independent Director
- Hong Bo (洪波), Independent Director
- Cai Xiuling (蔡秀玲), Independent Director
- Wu Yingming (吴映明), Chairman of the Board of Supervisors
- Wang Siye (王思业), Supervisor
- Feng Chunyan (冯春艳), Employee Representative, Supervisor
- Tan Libin (谭立斌), Deputy General Manager
- Wu Kai (吴凯), Deputy General Manager
- Jiang Li (蒋理), Deputy General Manager and Board Secretary
- Zheng Shu (郑舒), Chief Financial Officer
Source: CATL 2020 Annual Report www.catl.com/uploads/1/file/public/202104/20210430094928_4n1av8qek4.pdf
CATL has a Research & Development center and production base in Germany along with a BMW partnership, as well as wholly or partially-owned subsidiaries in France, Japan, and the US.
Source: CATL Website www.catl.com/ebout/profile/
CATL Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
CATL Reputational Disclosures
CATL’s factories had two explosions within one month, according to Chinese local media.
Source: China Business Network/Yicai (第一财经) www.yicai.com/news/100922123.html
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Senior executive at battery giant CATL on power storage, lithium, etc.
Batteries included: In a speech from last month’s Tsinghua University forum on carbon neutrality, an executive at battery behemoth CATL explained how his company is dominating tomorrow’s energy grids (translation by Pekingnology).
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