With the development of the new energy vehicle market, the number of listed enterprises with operations in the lithium industry is increasing. As a global battery leader, CATL has supported the public listing targets of its own raw material suppliers.
A subsidiary of Chinese leading battery maker CATL has planned a new lithium salt project that could house as much as 110,000 tons in Longyan City, Fujian Province.
China's leading battery company CATL announced on September 28 that it will build a battery production base in Luoyang, Henan Province with a maximum investment of 14 billion yuan ($1.95 billion).
Leading Chinese battery firm CATL held an event regarding trial production of the Brunp Recycling Project and the commencement of a new phase in the CATL-BRUNP Integrated New Energy Industrial Park, which has total investment of 32 billion yuan ($4.42 billion).
An investment roadmap released on September 27 by Chinese battery company EVE Energy, which has a market value of over 170 billion yuan ($23 billion), has offered further insight into the potential of the lithium industry.
On September 23, Chinese auto maker and Huawei's vehicle manufacturing partner Seres said on an investor interaction platform that it is working with CATL on the new M3P battery.
China's leading battery maker CATL announced on September 22 that it has agreed with FlexGen, a US-based energy storage technology company, to supply it with 10GWh of EnerC containerized liquid-cooling battery systems over the course of three years.
Chinese automotive giant SAIC Motor announced on September 22 that it has jointly established a battery swapping firm alongside Sinopec, PetroChina, CATL and Shanghai International Automobile City.
On September 21, CATL-FAW Power Battery Co., Ltd., a subsidiary of leading Chinese battery firm CATL, held a ceremony during which it acknowledged "the second anniversary of production and annual output value exceeding 10 billion yuan ($1.41 billion)."
Chinese second- and third-tier battery manufacturers have been ramping up production and accelerating their overseas presence this year, vying for market share alongside first-tier players such as CATL and BYD.
On September 17, CATL announced that its self-developed MTB (Module-to-Bracket) technology will be applied to the heavy duty truck battery swap project of Qiyuan Green Power, a Chinese power battery swap operator.
As tight supply of lithium resources sends prices skyrocketing, more cost-effective sodium-ion batteries are now attracting the attention of various parties within the Chinese market.
On September 13, the road test photos of Zeekr 009 were exposed. The new car is positioned as a pure electric MPV which has attracted much attention because it is the first model to carry the Kirin Battery manufactured by CATL.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
During an event held this week regarding Chinese-European cooperation, Li Ping, the vice chairman of leading battery firm CATL, said: "The penetration rate of pure EVs will far exceed current assumptions by 2025."