CATL Set to Increase Annual Battery Capacity to 50GWh by 2020
Contemporary Amperex Technology (CATL), a China-based maker of Li-ion power batteries used in electric vehicles, plans to expand annual production capacity to 50GWh at the end of 2020, according to the company.
CATL will invest CNY14.06 billion (US$2.20 billion) to set up a Li-ion power battery factory to increase its annual production capacity by 24GWh as well as in R&D of power and energy-storage batteries, with the factory to be completed in 2021. CATL has raised nearly CNY5.352 billion for the two projects, with the gap of CNY8.708 billion to be covered by equity capital and bank loans.
CATL has become a power battery supplier for several China-based automakers, including Yutong Bus, SAIC Motor, BAIC Motor, Geely Auto, Fujian Motor Industry, Dongfeng Motor and Changan Automobile, as well as China-based rolling stock maker China Railway Rolling Stock (CRRC). In addition, CATL has entered into supply chains for international automakers such as BMW and Volkswagen.
CATL's R&D expenses accounted for 4.93% of the company's consolidated revenues in 2015 and th proportion increased to 7.62% in 2016 and 8.16% in 2017. The company applied for 226 patents in 2015, 691 ones in 2016 and 849 ones in 2017. As of the end of 2017, CATL had obtained 907 patents in China and 17 ones from other countries and had R&D staff of 3,425 members of which 119 ones held Ph.D degrees and 850 ones held master degrees. CATL has set up Li-ion battery laboratories and a testing/certification center certified by China National Accreditation Service for Conformity Assessment.
According to China-based Gaogong Industry Research Institute (GGII), CATL recorded power battery sales of 2.19GWh in 2015, 6.80GWh in 2016 and 11.84GWh in 2017. In 2017, CATL surpassed Japan-based Panasonic and China-based BYD to become the globally largest producer of power batteries.
Global sales volume of new energy-powered cars increased from 51,000 in 2011 to 1.621 million in 2017 and will keep increasing to 6 million in 2022, GGII said. In the China market in particular, such sales volume rose from 75,000 in 2014 to 777,000 in 2017. Global demand for power batteries will grow from 69GWh in 2017 to 325GWh in 2022 and China-based power battery makers' combined output will hike from 44.8GWh in 2017 to 215GWh in 2022, GGII indicated. (www.chinatrucks.com)
- CATL Set to Open Battery Plant in Germany 2018-06-21
- CATL & BYD Rise to Enter Top 3 Global Battery Makers 2018-06-08
- Chinese Battery Maker CATL Opens a Sales Office in Japan 2018-05-30
- BYD Qinghai Battery Plant Starts Operation 2018-06-28
- BYD Delivers First Battery-electric 8TT Truck to Port of Oakland 2018-05-29
- Volvo to Share Electric Truck Battery Tech Across Its Brands 2018-04-24
- 'World First' All-Battery-Powered Underground Haul Truck Unveiled 2018-03-29
- BYD Announces Plans for Rechargeable Batteries at Battery Japan 2018 2018-03-05
- Scania Invests in Electric Battery Cell Technology for CVs 2018-01-31
Submit Your Requirements, We Are Always At Your Service.
- Volvo Group Upbeat on Chinese Market
- XCMG Turkey Co., Ltd. and Spare Parts Center Opened in Ankara
- XCMG E-commerce Platforms Revolutionize the Supply Chain and Industrial Ecology
- Shacman Initial Sales in Jamaica Outperform Expectations
- Volvo Pushes Forward With Electric Trucks
- KIA Comes Back to Pakistan with Frontier K2700 Pickup
- Autonomous Trucking Obtains Popularity in China
- Daimler Unveils Two Heavy-duty Electric Trucks in Race with Tesla
- JD.com Launches Solar Delivery Trucks in Green Logistics Push
- JD.com Unveils Self-driving Truck
C&C Trucks Co., Ltd.
C&C Trucks Co , Ltd (C&C Trucks), located in Sanshan Economic Development Zone, Wuhu, Anhui Province, a holding company under China International Marine Containers (Group) Co , Ltd (CIMC), is a large heavy truck enterprise integrating the research and development, production
- Best-Selling Pickup Trucks in China--May 2018
- SAIC Hongyan Sold 559,800 Units Heavy-duty Trucks in January-May
- China Truck Makers Saw Strong Sales in May
- China Sold 162,414 Units Light Trucks in November
- Heavy-duty Trucks Sold 84,755 Units in November
- Medium-sized Trucks Sold 21,133 Units in November
- Lifan Ranks among the Top Medium Truck Sales in September
- Hongyan Ranks among the Top Heavy Trucks Sales in September
- China Sold 87,000 Units Heavy-duty Trucks in August
- Sales Volume of China’s Commercial Vehicles Reaches 293,000 Units in July