The three shareholders that own 10% or more of CATL are the company's chairman, Yu Qun Zeng (42%), the vice chairman and deputy general manager, Shi Lin Huang (19%) and Chinese billionaire Zhen Hua Pei (12%). The White House didn't immediately respond to USA TODAY's request for comment.
| Traded as | SZSE: 300750 |
|---|---|
| Founder | Robin Zeng |
| Headquarters | Ningde, Fujian Province , China |
| Key people | Robin Zeng, Huang Shilin, Wu Kai, Zhou Jia |
| Number of employees | 33,078（2020） |
Is CATL publicly traded?
Is Catl Publicly Traded? Shanghai Securities News reports Moutai is being replaced by Caterpillar as the stock with the most mutual fund managers, with CATL shares up 2600% since it went public in 2018. Stock placement and lock-up expiries have yet to affect the company’s upward trend.
Who is the owner of CATL?
The three shareholders that own 10% or more of CATL are the company's chairman, Yu Qun Zeng (42%), the vice chairman and deputy general manager, Shi Lin Huang (19%) and Chinese billionaire Zhen Hua Pei (12%). The White House didn't immediately respond to USA TODAY's request for comment.
Who are the biggest shareholders in CATL?
CATL invited a few outside investors to take pre-I.P.O. stakes. Among them were Pei Zhenhua, a businessman who set up a lithium processing company with CATL, and Yu Yong, the biggest individual shareholder in China Molybdenum, a CATL partner in Congo. Mr. Yu’s holding company controls 1.69 percent of CATL, records show.
How much did CATL’s revenue rise last year?
CATL’s revenue rose 10% last year to the equivalent of $7.8 billion, and it reported net profit of about $864 million for 2020. The company’s revenue in the first quarter of this year doubled to nearly $3 billion, while profit for the three months to March 2021 jumped to $301 million.
Who owns 10% of CATL?
Does Biden mention CATL?
Is Hunter Biden a shareholder?
Is CATL publicly traded?
Does Hunter Biden own a lithium battery?
See more
About this website
Can you buy stock in CATL?
There are two primary ways to gain CATL stock exposure from an ETF. You can target a China ETF or a battery-themed ETF. A China ETF, such as CNXT, will give you a greater relative investment in CATL stock. An ETF focused on the battery and EV sectors will do better at targeting the clean energy theme.
Is CATL traded publicly?
CATL replaced Moutai as the stock most held by mutual fund managers in the third quarter, according to a Shanghai Securities News report. Its shares are up 2600% from its mid-2018 initial public offering, with stock placements and lock-up expiries yet to affect the upward trajectory.
Who are the largest shareholders of CATL?
Zeng owns around 25% of the company. Other CATL executives have attained seriously large fortunes as well. Co-vice chairs Huang Shilin and Li Ping boast net worths of $14.7 billion and $6.6 billion, respectively; early investor Pei Zhenhua, who purchased a stake in 2015, is worth an estimated $8.5 billion.
Who supplies lithium CATL?
Tesla China'sTesla China's battery supplier Contemporary Amperex Technology (CATL) won a bid for exploration rights to a lithium clay project located in Yichun through its subsidiary Yichun Contemporary Amperex Resources Limited. The bid cost RMB 856 million (about $134.8 million).
Who owns CATL battery company?
founder Zeng YuqunIn June 2020, CATL's founder Zeng Yuqun announced that the company had achieved a battery for electric vehicles (EVs) rated as good for 1 million miles (or 2 million kilometres) and was waiting to receive orders.
How can I buy Chinese stocks?
If you want to invest in Chinese stocks, there are three ways to do so:American Depository Receipts and Chinese A-shares. ... Invest through a market maker or affiliate firm. ... Purchase shares of mutual funds or exchange-traded funds. ... Open a brokerage account. ... Decide what type of security you want to purchase. ... Buy shares.More items...•
Who is CATL competitor?
Contemporary Amperex Technology's top competitors include Shenzhen Senior Technology Material, Shanghai Electric, LONGi Group and BYD.
Are CATL batteries good?
A recent report by SNE Research out of South Korea ranked the top 10 largest battery manufacturers based on electric vehicle (EV, PHEV, HEV)-mounted batteries sold in 2021 throughout the globe. As you can see from the pie chart above, CATL takes the top spot with its name on 32.6% of all EV batteries installed in 2021.
Which industry does CATL belong to?
Overview. CATL is a global leader of new energy innovative technologies, committed to providing premier solutions and services for new energy applications worldwide.
Does CATL mine lithium?
The Chinese battery cell manufacturer CATL has secured the mining rights for a lithium mine in Yichun in Jiangxi province for 865 million yuan (123 million euros). According to CATL, the mine is expected to yield 2.66 million tonnes of lithium metal oxide. The prospect area reportedly covers 6.44 square kilometres.
Who is the biggest supplier of lithium to Tesla?
Ganfeng LithiumTesla also has a lithium supply deal with China-based Ganfeng Lithium (SHE: 002460), which grants the automaker a three-year supply of battery-grade lithium, starting in 2022. The EV icon also has agreements with BHP (ASX: BHP) for nickel and Mozambique-focused Syrah Resources (ASX: SYR) for graphite.
Where does Tesla get its lithium 2021?
Net profit in 2021 at Ganfeng Lithium, a China-based lithium supplier to Tesla, is expected to soar by as much as 437% from a year earlier, the company said in a stock filing at the Shenzhen Stock Exchange on Monday.
Fact Check: Joe And Jill Biden Do NOT Own 10% Of A Leading Chinese ...
Family Ties. Do President Joe Biden and first lady Jill Biden own 10% of Contemporary Amperex Technology Co., Ltd (CATL), a leading lithium-ion battery development and manufacturing company based in China, a country with financial interests in Afghanistan lithium? No, that's not true: According to public financial documents, the elder Bidens are not financially linked to CATL.
Biden Family Business Tied to $Trillions in Lithium Acquired by China ...
Biden’s administration disastrously withdrew U.S. troops from Afghanistan in mid-August 2021.; Only days after the U.S. military withdrew from Afghanistan, the Taliban took control of major cities and installed themselves in the presidential palace in Kabul.; The Biden admin. left billions of dollars worth of U.S. weaponry to be seized by the Taliban.
Do Biden's own 10% of Chinese electric vehicle battery maker?
Viral image: "The Bidens own 10% of” a Chinese firm whose stock is up almost 300% since Joe Biden was elected.PolitiFact rating: False Here's why: A vague attack on "the Bidens" claims they own ...
Fact-check: Do the Bidens own 10% of Chinese electric vehicle ... - MSN
PolitiFact rating: False Here's why: A vague attack on "the Bidens" claims they own 10% of the Chinese company Contemporary Amperex Technology Ltd., and that the company’s stock "has soared ...
Fact Check: Viral FB Post Claims Joe and Jill Biden Own Stake in ...
A viral post is being circulated on social media that claims Joe and Jill Biden own 10% of the Chinese company Contemporary Amperex Technology Ltd., and that the company's stock "has soared almost ...
Who is CATL in partnership with?
In January 2017, CATL announced its plans to enter into a strategic partnership with Valmet Automotive, focusing its collaboration on project management, engineering and battery pack supply for EV and HEV. As part of the partnership, CATL acquired a 22% stake in Valmet Automotive.
How much did BMW buy from CATL?
BMW announced in 2018 that it would buy €4 billion worth of batteries from CATL for use in the electric Mini and iNext vehicles.
What companies use CATL batteries?
In the international market, CATL is collaborating with a growing number of companies including: PSA, Hyundai, Honda, BMW, Daimler AG, Tesla, Toyota, Volkswagen, and Volvo.
What is a CATL battery?
Limited ( Chinese: 宁德时代 ), abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS).
How many miles does a CATL battery last?
In June 2020, CATL's founder Zeng Yuqun announced that the company had achieved a battery for electric vehicles rated as good for 1 million miles (or 2 million kilometers) and was waiting to receive orders.
Where is CATL battery factory?
In 2018, it was announced that CATL would establish a new battery factory in Arnstadt, Thuringia, Germany. CATL's annual sales volume amounted to 21.18 GWh of energy storage capacity in 2018.
Where is the company Xining made?
It is headquartered in Ningde, Fujian Province and operates manufacturing bases in Ningde, Fujian province; Xining, Qinghai province; Liyang, Jiangsu province; Yibin, Sichuan province; Zhaoqing, Guangdong province and in its first overseas plant located in Erfurt, Germany. Its four main R&D centers are based in Ningde, Fujian; Liyang, Jiangsu; Shanghai and Munich, Germany.
What is CATL battery?
The company specialized in making rechargeable batteries for consumer electronics like cellphones and laptops, and reportedly supplied batteries to Apple’s iPods, iPads and Macbooks. Zeng set up CATL in 2011 as a spinoff of ATL to focus on automotive batteries.
When was CATL scrapped?
The list was scrapped in 2019, a year after CATL debuted on the Shenzhen Stock Exchange.
Is CATL a supplier?
CATL, which became a supplier to Tesla’s Shanghai Gigafactory in early 2020, plans to open its first overseas plant in Germany later this year. Its presence in Europe is growing, as it increases sales of its batteries to European carmakers and China starts to export CATL-equipped EVs abroad. “In the long term, CATL will keep targeting the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy,” said the CATL representative.
Who owns CATL stock?
They are the company’s chairman, Yu Qun Zeng; its vice chairman, Shi Lin Huang; and Chinese billionaire Zhen Hua Pei .
What is CATL battery?
CATL is known as China’s top battery maker and counts electric vehicle maker Tesla among its customers. It has been a hot stock as more automakers shift their attention to electric vehicles. A 10% stake would be worth about $18 billion.
Does Hunter Biden own CATL?
Joe Biden’s son Hunter has been scrutinized for his financial ties to China, but no reports have emerged that he has a large direct stake in CATL. The Wall Street Journal reported in December 2020 that Hunter Biden had a 10% stake in the private-equity firm Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. BHR, founded by a Chinese businessman, invested in CATL and profited from it, but Biden’s lawyer said Biden made no return on his own investment, according to the article.
Who owns CATL stock?
They are the company’s chairman, Yu Qun Zeng; its vice chairman, Shi Lin Huang; and Chinese billionaire Zhen Hua Pei.
What is CATL battery?
CATL is known as China’s top battery maker and counts electric vehicle maker Tesla among its customers. It has been a hot stock as more automakers shift their attention to electric vehicles. A 10% stake would be worth about $18 billion.
When did the stock market triple in 2020?
In 2020, the year before Biden took office, the stock price tripled.
Does Joe Biden own stocks?
No individual stocks owned by Joe, Jill Biden: Since becoming president, Biden has filed one financial disclosure form for himself and his wife, Jill, on May 17, 2021. Previously, Biden filed a disclosure as a presidential candidate, on May 20, 2020. The forms show that the couple’s investments did not include any individual stocks.
Does Hunter Biden own CATL?
Joe Biden’s son Hunter has been scrutinized for his financial ties to China, but no reports have emerged that he has a large direct stake in CATL. The Wall Street Journal reported in December 2020 that Hunter Biden had a 10% stake in the private-equity firm Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. BHR, founded by a Chinese businessman, invested in CATL and profited from it, but Biden’s lawyer said Biden made no return on his own investment, according to the article.
Emerging From the Shadows
Robin Zeng, the founder and chairman of CATL, is one of the wealthiest men in Asia.
Help With a Fire
BYD’s plant in the Nanchuan Industrial Park in Xining, China. The company initially bet on traditional lithium batteries.
Who owns 10% of CATL?
The three shareholders that own 10% or more of CATL are the company's chairman, Yu Qun Zeng (42%), the vice chairman and deputy general manager, Shi Lin Huang (19%) and Chinese billionaire Zhen Hua Pei (12%).
Does Biden mention CATL?
Alex Baumgart, who researches personal financial data at the nonprofit Open Secrets, told USA TODAY in an email he didn't find "any indication that the president is an investor in this Chinese battery company." Biden's most recent tax documents also don't mention CATL.
Is Hunter Biden a shareholder?
In an investigative article about Hunter's business activities, the Wall Street Journal reported Hunter Biden became a shareholder in 2017 in Bohai Harvest RST Equity Investment Fund Management Co. (BHR), a private-equity firm that later invested in CATL.
Is CATL publicly traded?
When CATL's stock surged by 44% in its debut session as a publicly-traded company on the Shenzhen Stock Exchange in 2018, Hunter was among the shareholders who profited from BHR's investment in the company, the newspaper reported.
Does Hunter Biden own a lithium battery?
We rate the claim that the Biden family owns 10% of a prominent Chinese lithium battery company FALSE, based on our research. While the White House didn't immediately respond to USA TODAY's request for comment, Biden's official disclosure forms from 2020 and his years as vice president don't mention CATL. An investigative article from The Wall Street Journal found that Hunter Biden benefitted from CATL's stock surge in 2018 because a company he was a shareholder in, BHR, had invested in it. But Hunter Biden and companies connected to him don't own 10% of CATL.
Overview
Contemporary Amperex Technology Co. Limited (simplified Chinese: 宁德时代; traditional Chinese: 寧德時代; pinyin: Níngdé Shídài), abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). With …
History
CATL was founded in Ningde, which is reflected in its Chinese name ('Ningde era'). The company started as a spin-off of Amperex Technology Limited (ATL), a previous business founded by Robin Zeng in 1999. ATL initially manufactured lithium-polymer batteries based on licensed technology, but later developed more reliable battery designs themselves. In 2005 ATL was acquired by Japan's TDK company, but Zeng continued as a manager for ATL. In 2012, Zeng and vice-chairm…
Partnerships
Due to its main competitor BYD Company prioritizing battery supply to its own vehicles, CATL was able to capture partnerships with foreign automakers. CATL's battery technology is currently used by electric vehicle manufacturers in the international market, and CATL collaborates with companies including BMW, Daimler AG, Hyundai, Honda, Li Auto, NIO, PSA, Tesla, Toyota, Volkswagen, Volvo and XPeng. In China, its clients include BAIC Motor, Geely, GAC Group, Yutong Bus, Zhongton…
Technology
According to former Tesla battery supply chain manager Vivas Kumar, CATL "are seen as the leaders of lithium iron phosphate battery technology". The company employs the cell-to-pack method to reduce the amount of inactive weight of its batteries. According to Kumar, unlike competitors such as LG Chem or SK Innovation, CATL is more willing to adapt outside technology, as opposed to applying a full in-house design.
Electric-Car Battery Supplier
China's battery sector, led by CATL, has decoupled from the monopoly of western technology due to China's supremacy in the supply of rare earth essential in batteries, accounting for more than 40% of the world's collection. It has joined Tesla's battery supply chain and the supply chains of European and American vehicle manufacturers, in addition to defeating Panasonic of Japan and L.G. Chemical of South Korea. As a result, CATL leads the globe in power batteries with a 33 perc…