Contemporary Amperex Technology Ltd is a world leading EV battery provider headquartered in Ningde, East China's Fujian province.
CATL was founded in 2001 and has set up branches in France, the United States, Canada and Japan. According to the company, its sales of power battery systems climbed to 11.84 gigawatt-hours in 2017, from 6.8gWh in the previous year. Its sales ranked the first among the world's top battery producers.
CATL supplies products to a number of homegrown companies and global major automakers. Research by Central China Securities shows CATL maintains long-term strategic cooperation with Chinese automobile manufactures like Yutong Bus Co, SAIC Motor Corp and BAIC Group, and its foreign clients include Germany-based carmakers Volkswagen AG and Daimler AG.
On June 11, 2018, the unicorn company－a startup with a valuation in excess of $1 billion－raised 5.46 billion yuan ($852 million) in its initial public offering, the largest ever on the Shenzhen Stock Exchange's Growth Enterprise Market.