In this episode's case study segment, we’ll discuss the strategic decisions of CATL’s investment and innovation.
Most headlines on CATL usually spotlight deals with some of the most recognisable automakers — Tesla, Honda, Mercedes-Benz, Nio, to name a few. These partnerships are quite literally powered by CATL's LFP batteries. In return, the EV battery giant's net profit grew by USD 211 million (4.2% YoY growth) in Q3 2020.
Contemporary Amperex Technology Co., Limited, better known as CATL, is one of the world's leading EV battery makers. Making a splash on the scene just 10 years ago, CATL had steadily mainatined it's position amongst big names like Panasonic and LG Chem.
As the EV market is projected to reach USD 82.2 billion by 2027, can CATL continue to match it's impressive track record? Will the company's upcoming production facility in Germany help boost it's global footprint?
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Morning Briefing is a fortnightly China market presentation by KrASIA. Learn more at https://subscriber.kr-asia.com/morningbriefing.