CATL

Chinese battery manufacturer

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April 2025 The United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party asked JPMorgan Chase and Bank of America to withdraw from working on CATL's Hong Kong IPO.
February 11 2025 CATL filed for a secondary listing on the Hong Kong Stock Exchange, aiming to raise over $5 billion to fund international expansion projects in Hungary, Spain, and Indonesia.
January 7 2025 The US Department of Defense added CATL to its list of 'Chinese military companies'.
2024 Consultant Tu Le from Sino Auto Insights stated that the US is 'years behind' China in battery technology, noting CATL's significant advantage in the global electric vehicle battery market through 2030.
December 12 2024 CATL announced a joint venture with Stellantis to build a lithium iron phosphate battery plant in Zaragoza, Spain, with a €4.1 billion investment and a planned 50 GWh capacity.
June 2024 A group of U.S. lawmakers requested the United States Department of Homeland Security to add CATL to an import ban list under the Uyghur Forced Labor Prevention Act. CATL denied the allegations as 'groundless and completely false'.
April 2024 CATL announced Tener, a large-scale stationary energy storage system with claimed zero degradation over five years and 6.25 MWh capacity per unit.
2023 CATL received approximately US$790 million in state subsidies and introduced the M3P battery with a 15% increase in energy density, reaching 210 Wh/kg.
2023 Achieved a global market share of approximately 37% in electric vehicle batteries and 40% in energy storage batteries, establishing itself as the world's largest battery manufacturer in these sectors.
December 2023 Duke Energy disconnected CATL batteries from Marine Corps Base Camp Lejeune due to security concerns. CATL responded by calling the accusations about its batteries posing espionage threats as 'false and misleading'.
August 2022 CATL and truck manufacturer FAW Jiefang established a joint venture focused on developing battery technology and urban battery replacement station networks.
August 12 2022 CATL announced its second European battery plant in Hungary.
July 2022 Ford announced purchasing batteries from CATL for the Ford Mustang Mach-E and Ford F-150 Lightning models, which raised concerns in the United States House Select Committee.
June 2020 Zeng Yuqun announced that CATL had developed an electric vehicle battery capable of lasting 1 million miles (1.6 million kilometers).
2019 Former Tesla battery supply chain manager Vivas Kumar recognized CATL as the leaders of lithium iron phosphate (LFP) battery technology, highlighting the company's technological superiority in battery design.
2018 BMW announced a €4 billion battery purchase from CATL for electric Mini and iNext vehicles. In the same year, CATL announced plans to establish a new battery factory in Arnstadt, Thuringia, Germany.
June 2018 CATL went public on the Shenzhen Stock Exchange, marking a significant milestone in the company's corporate development.
January 2017 CATL announced a strategic partnership with Valmet Automotive, acquiring a 22% stake in the company and focusing on project management, engineering, and battery pack supply.
2012 CATL established its first main customer relationship with BMW Brilliance, beginning its strategic partnerships in the automotive battery market.
2011 Founded in Ningde, Fujian province as Contemporary Amperex Technology Co., Limited (CATL), specializing in lithium-ion battery manufacturing for electric vehicles and energy storage systems.

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