CATL, a battery supplier to Tesla and Nio, established the CATL (Shanghai) New Energy Technology Company on August 23 with a registered capital of RMB 100 million ($15 million), according to information from data provider Qichacha.
The company's scope of business includes engaging in technical services, technology development, technology consulting, technology exchange, technology transfer and technology promotion in the field of new energy technology and automotive technology.
CATL was founded on December 16, 2011, with a registered capital of RMB 2.33 billion. The company's business scope includes lithium-ion batteries, lithium polymer batteries, fuel cells, power batteries, and large-capacity energy storage batteries.
On August 18, CATL and the Shanghai Municipal Government signed a strategic cooperation framework agreement to build a manufacturing base in Shanghai, which is expected to facilitate its supply of batteries for Tesla even more.
CATL will build projects in Shanghai including a global innovation center, an international functional headquarters, a future energy research institute, and a high-end manufacturing base, according to a company announcement.
CATL established the Future Energy Research Institute Inc. in Shanghai on August 18 with a registered capital of RMB 200 million, according to data provider Qichacha.
The company's business scope includes scientific research, technical services, technology development, technical consultation, technical exchange, technology transfer, technology promotion in the field of new energy technology and new materials, as well as research and development of emerging energy technologies and software development.
CATL, the world's largest battery supply giant, dominates the global production of lithium iron phosphate batteries and currently has a market capitalization of over RMB 1 trillion.
In July, China's power battery installed base was 11.3 GWh, up 125.0 percent year-over-year and up 1.7 percent from June, according to data released earlier this month by the China Automotive Battery Innovation Alliance.
In July, CATL had the largest installed base of power batteries, with 5.66 GWh and a 50.1 percent market share.
BYD's battery installed base was 1.90 GWh, with a market share of 16.8 percent, ranking second.
From January to July, CATL's installed base was 31.42 GWh, with a 49.3 percent market share in China. BYD's battery installation volume was 9.55 GWh, accounting for 15.0 percent of the total installation volume, ranking second.
(Photo source: CATL)
More From CnEVPost
