Skip to Content

    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.

    Subscribe to The Loop, a weekly look at the revolutions in energy, tech, and sustainability.

    Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

    Company Information

    Overall Score3.4
    Sector
    Industrials
    Industry
    Electrical Equipment
    CEO
    Zeng Yuqun
    Websitehttps://www.catlbattery.com
    HQ Location
    Ningde, China
    Country
    China
    Revenues ($M) (Past 12 Months)$5,917
    Profits ($M) (Past 12 Months)$671
    Market Value as of Oct. 9, 2019 ($M)$21,395
    Employees24,875