Since the beginning of this year, battery raw material prices have continued to rise, which has put pressure on fast-developing power battery companies. According to SMM data from Shanghai Nonferrous Metals Network, as of May 24, the average spot price o
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Contemporary Amperex Technology Co. Limited (CATL), the Chinese battery manufacturer and the world’s third largest provider of EV, HEV and PHEV battery solutions behind Panasonic (Sanyo) and BYD, is investing across the industrial value chain of mobility and automobile in order to solidify its leading market position for the future.
According to data from the China Automotive Power Battery Industry Innovation Alliance, CATL’s installed power battery capacity last year was 31.79GWh, ranking first among Chinese domestic battery makers. Most importantly, CATL’s market share has reached 50%, accounting for half of the domestic power battery market.
The continuous and stable market performance in the field of power batteries has also given CATL strong performance in the capital markets. As of the close of January 25 this year, the total market value has reached RMB924.685 billion, which is currently the highest in the domestic automotive field.