CATL presented its fresh new battery production center in Guian New District, located in the gorgeous southwest part of China’s Guizhou province, at the end of last week. The first phase of the 0.95-square-kilometer plant is already functioning.
This first stage, spanning approximately 590,000 square meters, garnered a large investment of approximately RMB 7 billion (€895 million). It has a manufacturing line with a 95% automation rate. This factory can manufacture a whole battery pack in 2.5 minutes and produce one cell every second.
The first phase has an annual production capacity of 30 GWh. When the second phase is completed, the capacity will be 60 GWh per year.
CATL has a global market share of 36.9% from January to August, according to SNE Research, a South Korean market research organization. It is now the world’s largest battery producer and the only firm to have increased its market share above 30% during that time span.
CATL’s net profit fell 4.3% sequentially in the third quarter, but the company still earned RMB 10.43 billion, a 10.7% gain year on year.
CATL’s domestic market share has also decreased slightly this year. According to data from the China Automotive Battery Innovation Alliance (CABIA), CATL had a 39.41% market share in September. It’s the first time the figure has fallen below 40% since April of last year.
About CATL
CATL, or Contemporary Amperex Technology Co. Limited, is a Chinese company that specializes in the manufacturing of lithium-ion batteries for electric vehicles (EVs) and energy storage systems. Founded in 2011, CATL has become one of the world’s leading suppliers of batteries for electric vehicles and renewable energy applications.
Key points about CATL include:
- Lithium-ion Battery Production: CATL is known for its production of lithium-ion batteries, which are widely used in electric vehicles, plug-in hybrid vehicles, and energy storage systems. The company produces batteries for various applications, including passenger cars, buses, trucks, and more.
- Electric Vehicle Market: CATL has played a significant role in the growth of the electric vehicle market, supplying batteries to a range of automakers globally. The company has been a key player in the shift toward electrification in the automotive industry.
- Battery Technology: CATL is actively involved in research and development to advance battery technology. This includes efforts to improve energy density, charging speed, and overall battery performance. The company is at the forefront of innovation in the electric vehicle battery sector.
- Global Presence: CATL has a global footprint and serves customers in various parts of the world. The company has established partnerships with major automakers and has expanded its production capacity to meet the increasing demand for electric vehicle batteries.
- Energy Storage Solutions: In addition to automotive applications, CATL is involved in providing energy storage solutions. This includes batteries used for stationary energy storage systems, supporting the integration of renewable energy sources and enhancing grid stability.
Related
