How China's electric vehicle battery king CATL is defending its throne

With its strict quality control and big investments in the industry, Contemporary Amperex Technology is fending off competition from rival start-up battery makers and car companies in the growing EV market.

An Limin, Lu Yutong, Quan Yue, Luo Guoping, Huang Rong and Han Wei
Visitors check a Toyota C-HR electric vehicle at the Auto Shanghai show in Shanghai, in April this year. PHOTO: REUTERS
Updated
Published
December 28, 2021 at 5:00 AM
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(CAIXIN GLOBAL) - Contemporary Amperex Technology Co Ltd, known as CATL, is clearly a darling of investors betting on the future of electric vehicles (EVs) and energy storage in the global economy's green transition.

Established 10 years ago, the battery maker has grown into the third-most-valuable publicly traded company in China, behind national liquor maker Kweichow Moutai and Industrial and Commercial Bank of China.

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MCI (P) 076/10/2022, MCI (P) 077/10/2022. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2023 SPH Media Limited. All rights reserved.

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