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CATL: China’s latest unicorn and a battery powerhouse

SHENZHEN – Chinese power battery supplier CATL, or Contemporary Amperex Technology Co., Ltd., debuted on Shenzhen’s ChiNext start-up board (stock number 300750) on June 11. The event was accompanied by tremendous fanfare as anticipated from buyers and media alike. Within half an hour of the market opening that morning, the

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Byton closes $500 million Series-B financing round led by FAW Group, opens Nanjing global HQ

Dr. Daniel Kirchert NANJING – Byton concluded its Series-B financing round on June 11, attracting a total of $500 million from multiple investors led by FAW Group, as well as Tus-Holdings, Chinese battery manufacturer CATL, among others. The Chinese smart EV startup also officially opened its global headquarters in Nanjing, Jiangsu Province

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Chinese battery giant CATL’s $2 billion IPO approved

BEIJING – The China Securities Regulatory Commission (CSRC) has approved the $1.97 billion IPO application of Chinese lithium battery producer Contemporary Amperex Technology Co., Ltd. (CATL), according to a Xinhua news agency report on April 5. The Chinese securities regulator greenlighted the application at a meeting on April 4, according

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National New Energy Vehicle Technology Innovation Center established in Beijing

BEIJING – The National New Energy Vehicle Technology Innovation Center was officially established in Beijing on March 1, becoming the second national technology innovation center constructed by the Ministry of Science and Technology (MOST) and the first such center for the auto industry. The Center has an overall goal to

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“Roadmap E” supercharged: CATL part of Volkswagen Group’s €50 billion battery procurement by 2025

BERLIN – Chinese battery manufacturer Contemporary Amperex Technology Ltd. (CATL), the world’s largest lithium battery manufacturer, has been selected as one of the battery suppliers from Asia for Volkswagen Group’s global electric vehicle push. CATL, along with Korea’s LG Chem and Samsung, have secured initial battery supply orders from the

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Lithium race: CATL aims to beat Tesla’s Gigafactory by 2020

Tesla received over 400,000 reservations for the Model 3, an electric car that no customer has seen; and the Model 3 will rely on lower battery costs from its Gigafactory. The mass production of Tesla’s lower cost Model 3 has awakened traditional carmakers to the necessity of electrifying their powertrains,

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Chinese battery maker CATL purchases 22 percent stake in Finnish car supplier Valmet Automotive

HELSINKI, Finland – Chinese battery maker Contemporary Amperex Technology Limited (CATL) has bought a 22 percent stake in Finnish auto supplier Valmet Automotive to expand in the European electric car market, according to a company news release. CATL is looking to be listed on Beijing’s exchange and plans to build

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