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Tesla Supplier CATL Hits Milestone With 1 Million Battery Packs Delivered To Li Auto
Wednesday, June 11, 2025 - 8:50am | 351Tesla Inc. (NASDAQ:TSLA) battery supplier, Contemporary Amperex Technology Limited, or CATL, has delivered 1 million battery packs to Li Auto Inc. (NASDAQ:LI). What Happened: The Chinese battery giant delivered the 1-millionth battery pack in the presence of CATL founder and CEO Robin Zeng and Li...
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Tesla Supplier CATL Sets Modest Underwriting Fees For World's Biggest IPO Of 2025
Tuesday, May 13, 2025 - 4:18am | 618Investment banks managing Tesla (NASDAQ:TSLA) battery supplier CATL’s IPO, the world’s largest listing of 2025, are set to earn underwriting fees that fall below the industry standard. What Happened: Nine underwriters of Shenzhen-listed battery titan CATL are projected to receive a...
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Tesla Supplier CATL Eyes $5 Billion Hong Kong Listing Amid US Sanctions, Market Revival: Report
Tuesday, February 11, 2025 - 12:21am | 418Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, is preparing to file for a secondary listing in Hong Kong this week that could raise at least $5 billion, marking one of the territory’s largest offerings in recent years. What...
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US Adds Tencent, Tesla Supplier CATL To 'Chinese Military' Blacklist, Shares Tumble
Tuesday, January 7, 2025 - 5:38am | 531The U.S. Department of Defense, on Monday, added several Chinese firms, including Tesla Inc. (NASDAQ:TSLA) supplier Contemporary Amperex Technology Co. Limited (CATL), Tencent Holdings (OTC:TCEHY), to its list of companies allegedly supporting Beijing's military efforts, causing a sharp decline in...
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EV Battery Maker CATL Eyes 2nd Listing In Hong Kong To Raise $5 Billion Or More: Report
Thursday, December 19, 2024 - 5:15am | 395Chinese electric vehicle battery manufacturer Contemporary Amperex Technology Co. Ltd. or CATL is reportedly considering a second listing in Hong Kong. What Happened: The listing could raise at least $5 billion, Bloomberg reported, citing people familiar with the matter. The company is talking with...
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Chinese Giant CATL Co-Develops 10 EV Models With Battery Swap Technology: Report
Wednesday, December 18, 2024 - 8:27am | 390EV battery supplier CATL has reportedly co-developed 10 new electric vehicle models with automakers that use swappable batteries. What Happened: The first EV using CATL’s battery-swapping brand EVOGO’s “choco swap battery” will be rolled out this month, Reuters reported,...
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Tesla's Chinese Battery Supplier CATL 'Open Minded' About US Expansion If Trump Welcomes Chinese Investments
Wednesday, November 13, 2024 - 3:47am | 697Amid the evolving landscape of U.S.-China trade relations, CATL, one of the world’s largest battery manufacturer, has expressed interest in establishing a manufacturing plant in the United States. What Happened: Robin Zeng, the founder and chairman of CATL, shared this perspective in a...
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Tesla Supplier CATL Seeks $1.5B Funding To Expand Global EV Battery Supply Chain
Friday, July 12, 2024 - 5:47am | 500In a recent development, Contemporary Amperex Technology Co. Limited (CATL), a prominent supplier to Tesla Inc. (NASDAQ:TSLA), is reportedly in talks to raise a $1.5 billion fund to boost its global EV battery supply chain. What Happened: The company, which also caters to Volkswagen and Ford, plans...
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Tesla Supplier CATL Expects Electric Airplanes Powered By Its Batteries To Fly More Than 1,800 Miles By 2028
Wednesday, June 26, 2024 - 5:56am | 577Tesla battery supplier Contemporary Amperex Technology Co Ltd. is eyeing an 8.8-ton electric aircraft powered by its high energy density battery and with a range of more than 1,800 miles by 2027 or 2028. What Happened: CATL is testing its high energy-density batteries in planes, company chairman...
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GOP Lawmakers Urge Ban On Chinese Battery Suppliers Tied To Ford, Volkswagen Over Forced Labor Allegations
Friday, June 7, 2024 - 6:03am | 498A group of Republican lawmakers has reportedly called for a ban on Chinese battery suppliers with connections to Ford Motor Co. (NYSE:F) and Volkswagen AG (OTC:VWAGY) over allegations of using forced labor. What Happened: The lawmakers have urged the Biden administration to add Contemporary Amperex...
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China's Pumping Big Money Not Just Into Chip Sector But Also EV Batteries: Key Tesla, Nio Suppliers Among Those Eligible To Get $830M R&D Funding
Wednesday, May 29, 2024 - 8:15am | 612China is reportedly set to allocate more than 6 billion yuan ($830 million) to a state-led initiative aimed at advancing solid-state battery technology, in addition to its recent investments aimed at bolstering its domestic semiconductor industry. What Happened: Six firms are eligible to receive...
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Did Tesla Seal Another Deal? Battery Giant CATL's Chairman Seen Visiting Elon Musk's Beijing Hotel
Monday, April 29, 2024 - 3:25am | 477Chinese battery giant CATL‘s chairman Robin Zeng on Monday reportedly visited the hotel in Beijing where Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is staying on his visit to China. What Happened: Zeng visited Musk’s hotel in Beijing on Monday, Reuters reported, citing witnesses. The...
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Tesla-CATL 'Power Couple' Can Recharge US EV Market, Says Morgan Stanley Analyst Adam Jonas: '...Could Be A Game-Changer'
Tuesday, March 26, 2024 - 11:22pm | 401Morgan Stanley analyst and Tesla Inc (NASDAQ:TSLA) bull Adam Jonas believes a partnership between the U.S. EV giant and Chinese battery maker CATL could be a game-changer with the ‘power-couple’ potentially recharging the U.S. EV market. What Happened: Jonas believes that the U.S. EV...
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Tesla Battery Supplier's Shares Shoot Up As It Forecasts Profit Boost For 2023
Wednesday, January 31, 2024 - 9:51am | 588Contemporary Amperex Technology (CATL), a major Chinese electric vehicle battery manufacturer, has projected a substantial increase in its 2023 profit. This forecast has led to a significant rise in the company’s shares despite a general market downturn. What Happened: CATL’s shares on...
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CATL Closes In On LG As World's #1 EV Battery Supplier; BYD Triples Global Market Share
Thursday, October 19, 2023 - 1:46pm | 726Chinese EV battery maker Contemporary Amperex Technology Co. Ltd., or CATL for short, is playing an increasingly significant role in the development of energy-efficient vehicles around the world, according to Caixin, the Chinese-language business daily. The company most notably powers Tesla Inc...