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Contemporary Amperex Technology Limited (CATL)

(宁德时代)

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Contemporary Amperex Technology Limited (CATL)
宁德时代
Contemporary Amperex Technology Limited (CATL), founded in 2011 in Ningde city of Fujian province, is the world's largest manufacturer of lithium-ion batteries, used in a range of consumer products such as cellular phones, robots and drones, and electric vehicles.
CATL’s booth at the Auto China 2024 exhibition. Photo: Shutterstock Images
Electric & new energy vehicles

Goldman Sachs forecasts 50% jump for CATL’s shares as energy storage takes off

The Wall Street investment bank expected CATL’s battery energy storage system business to be its next value-creation engine.

China stock market

Mainland China markets follow US in embracing tech stock dominance

Electric & new energy vehicles

Beijing opens lithium futures to foreign traders to cement pricing power over US

Electric & new energy vehicles

Price war fallout: China imposes 60-day payment cap for energy storage sector

China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain.

A CATL battery display at Auto China in Beijing in April. Photo: Reuters
China trade

As China dominates solar and energy sector, fears emerge over EU’s new crackdown

Brussels’ unease over European reliance on Chinese tech sees the bloc impose bans and restrictions, as fears mount on how far it will go.

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China trade

At Chinese supply chain expo, executives look to tech as geopolitical insulation

As wars and tariffs disrupt trade, experts at China International Supply Chain Expo focus on potential of frontier technologies.

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Artificial intelligence

DeepSeek on hiring spree – seeks newcomers, not just AI geniuses

The Chinese AI giant is looking to double in size as it seeks to become a ‘driving force’ in the creation of artificial general intelligence.

DeepSeek founder Liang Wenfeng. Photo: Shutterstock
Electric & new energy vehicles

Top CATL boss cools expectations over next major leap in EV batteries

Robin Zeng Yuqun addresses expectations at ‘Summer Davos’ on whether the battery technology would be available in the near future.

SCMP Highlights

Cost of China’s electric car boom, record-breaking week for sales: 7 EV reads

From how the rise of EVs is creating a headache for authorities to the latest in battery developments, here are seven EV stories you may have missed.

BYD

China’s CATL bets big on sodium-ion batteries amid lithium volatility

World’s largest maker of EV batteries invests US$742 million to boost output as it introduces its first sodium-based energy-storage system.

People view displays related to CATL’s sodium ion-based Naxtra battery at the China International Supply Chain Expo in Beijing on June 22. Photo: EPA
China stock market

How are Chinese firms faring as AI and tech reshape global market cap rankings?

Tencent leads pack, but country’s largest listed firms remain dominated by state-owned banks, energy producers and consumer brands.

Nvidia CEO Jensen Huang introduces the chipmaker’s Vera Rubin architecture at the Computex trade show in Taipei on June 1. Photo: Reuters
Finland

Energy security fears drive global surge in orders for Chinese storage firms

In the first two weeks of June, Contemporary Amperex Technology Co Limited (CATL) bagged a combined 5.4 GWh of storage orders.

Focus

China leads charge in energy storage, powered by battery progress

Battery-based grid storage is set for 150 per cent growth in China, as Beijing prioritises energy security and firms eye global markets.

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Artificial intelligence

How DeepSeek’s landmark funding cements founder’s grip amid heated AI rivalry

Liang remains committed to pursuing artificial general intelligence (AGI) – a vision he reinforced to investors repeatedly last month.

Liang’s decision to lead the round would ensure he still steers the direction of the firm after bringing in external investors. Photo: Shutterstock Images
Business of climate change

Abu Dhabi to tap Chinese tech to scale up green economy, energy chief says

China and Abu Dhabi ‘should move faster, collaborate deeper and scale together’, says the chairman of the emirate’s energy department.

Electric vehicles manufactured in China await export in Hangzhou, in China’s eastern Zhejiang province. Photo: AFP
Electric & new energy vehicles

China’s battery dominance

Chinese companies dominate the global supply of lithium batteries for electric vehicles and energy storage systems and are driving the next stage of battery development.

SCMP Highlights

BYD launches ‘God’s Eye’; CATL’s bid to boost battery dominance: 7 EV reads

From Tesla sales surging in China to BYD and Chery charting their overseas growth, here are seven EV stories you may have missed.

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DeepSeek

Letters | What DeepSeek’s US$7 billion fundraise means for Hong Kong

Readers discuss an international gateway for China’s AI ecosystem, energy-efficient AI models, a crackdown on distracted driving, and today’s Hong Kong.

People try out DeepSeek’s AI model in the Wensan Digital Life Block in Hangzhou, Zhejiang province in 2025. Photo: Xinhua
Science

New Energy | China’s new battery tech set to turbocharge EVs, energy storage

Car batteries that charge in under 10 minutes, innovations in renewable-energy storage – Chinese advances make alternatives to fossil-fuel power more appealing.

China stock market

AI effect vaults China’s Zhongji Innolight to top of stock benchmark

Maker of optical modules surpasses CATL in weighting thanks to off-the-charts demand from Alphabet, Amazon, Meta and Huawei.

DeepSeek

China’s DeepSeek nears US$7 billion haul in first-ever funding round

DeepSeek’s founder and CEO Liang Wenfeng is reportedly committing around 20 billion yuan of his own capital.

DeepSeek long rejected external funding to focus on pursuit of artificial general intelligence. Photo: AFP
Electric & new energy vehicles

China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage

EV giant pushes affordable autonomy with its system, aiming to make self-driving safer and accessible to mass-market consumers.

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A BYD booth at the Beijing Auto Show on April 30. Photo: AFP
Huawei

CATL set to boost global energy storage with world’s largest testing facility

The firm says it has completed a 3 billion yuan research facility for testing energy storage systems.

China exports

Southeast Asia is building a huge regional power grid. How is China involved?

Chinese firms are integral to Southeast Asia’s green transition plan, which will see nations across the region integrate their grids, official says.

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China-EU relations

Chinese companies in Hungary scramble to adjust to post-Orban era

BYD tells builders of Hungarian factory to abide by labour laws as new government adopts stricter approach to foreign investment.

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The mayor of Szeged,, Laszlo Botka, visits the BYD factory being built in the Hungarian city on April 21. Photo: Xinhua
Electric & new energy vehicles

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

Collaboration with Chinese suppliers ‘the only way international carmakers can compete with Chinese carmakers’, Morgan Stanley analyst says.

A view of the Ford BlueOval Battery Park under construction in Marshall, Michigan. Photo: Universal Images Group via Getty Images
2026 Xi-Trump summits

China and US teams race to find easy summit deliverables at meeting in Seoul

The two sides will seek to ‘iron out any last-minute issues’ in single day of talks, economist says.

Semiconductors

Huawei’s chip research gains attention ahead of Trump visit to China

Tech giant’s advances in AI and semiconductors reflect Beijing’s push for tech breakthroughs and self-sufficiency amid US sanctions.

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