Founded in Ningde, China, in 2011, CATL is the world’s largest supplier of electric-vehicle batteries by sales, raking in $512 million in profits in 2018. CATL supplies batteries to Volkswagen, BMW, and Honda, plus several major Chinese car companies, and it’s partnering with Toyota to codevelop technology. CATL’s strong growth in recent quarters positions it well against foreign competition. Two possible areas for concern: the ongoing trade dispute with the U.S., as well as an expected decline in EV subsidies, which the Chinese government is phasing out.
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|Revenues ($M) (Past 12 Months)||$5,917|
|Profits ($M) (Past 12 Months)||$671|
|Market Value as of Oct. 9, 2019 ($M)||$21,395|