CATL
Contemporary Amperex Technology Co., Limited (CATL) is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). The company is the biggest EV battery manufacturer, with a global market share of around 37% in 2023. The company is headquartered in the city of Ningde in China's Fujian province.
Some of the key events about CATL
- 2011Founded as a spin-off from ATL (Amperex Technology Limited)
- 2015Became the world's largest manufacturer of lithium-ion batteries for electric vehicles
- 2017Announced plans to build a battery factory in Germany, marking its first overseas plant
- 2018Introduced its first generation of sodium-ion batteries
- 2018Faced allegations of intellectual property theft from a former employee
- 2019Developed cell-to-pack battery technology, increasing energy density and reducing costs
- 2019Accused of using cobalt sourced from mines with poor working conditions in the Democratic Republic of Congo
- 2020Unveiled its "million-mile" battery, capable of powering a vehicle for over 1.24 million miles
- 2020Criticized for expanding production despite concerns about overcapacity in the battery industry
- 2021Launched its first cobalt-free battery, reducing reliance on rare earth materials
- 2021Announced the development of a new battery swap technology for electric vehicles
- 2021Experienced a significant stock price drop due to concerns about future profitability
- 2022Introduced its third-generation cell-to-pack technology, further improving energy density
- 2022Delayed the opening of a major battery plant in Germany, citing rising costs and complications
- 2022Faced scrutiny over potential national security concerns related to its planned U.S. expansion
- 2023Revealed its new Qilin battery, claiming to achieve the world's highest integration level
- 2023Encountered resistance from local communities in Hungary over environmental concerns regarding a planned factory
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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