The Future 50

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Contemporary Amperex Technology

Qilai Shen—Bloomberg via Getty Images

    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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    Company Information

    Overall Score34
    SectorIndustrials
    IndustryElectrical Equipment
    CEOZeng Yuqun
    Websitewww.catlbattery.com
    HQ LocationNingde, China
    CountryChina
    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