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CATL establishes new energy supply chain company in China

According to Qichacha App information, Shenzhen Times New Energy Supply Chain Co., Ltd. was established on April 7. The legal representative is Su Shewei, with a registered capital of 20 million RMB. Its business scope includes supply chain management services, batteries Manufacturing, sales of metal matrix composite materials and ceramic matrix composite materials, sales of photovoltaic equipment and components, sales of graphite and carbon products, and wholesale of auto parts. Shareholder information shows that the company is wholly owned by CATL New Energy Technology Co., Ltd.

Founded in 2011, CATL New Energy Technology Co., Ltd. is one of the first internationally competitive power battery manufacturers in China. It focuses on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing We provide first-class solutions for global new energy applications. Our core technologies include R&D and manufacturing capabilities in the entire industrial chain of materials, batteries, battery systems, battery recycling and secondary utilization in the field of power and energy storage batteries.

Just last month, CATL handed over its “report card” for 2023. The financial report shows that the company’s total revenue last year was 400.917 billion RMB, a year-on-year increase of 22%; the net profit attributable to the parent company was 44.121 billion RMB, a year-on-year increase of 44%; the net profit after non-deductions exceeded 40 billion RMB; during the same period, CATL’s gross profit margin was 22.91%. The net profit margin was 11.66%, both improved from the previous year. However, since the second half of last year, CATL’s share price and market value have experienced a significant decline. On January 30, CATL’s market value was 619.165 billion RMB. Compared with its peak period of over 1.6 trillion RMB, the market value evaporated by nearly one trillion RMB, which once caused market concern.

It is understood that CATL and Shenzhen have a deep relationship. On August 27, 2022, CATL and Thalys jointly announced that Kirin batteries will be launched in the new models of the AITO Inquiry series. The two parties have signed a five-year long-term strategic cooperation agreement. The AITO Inquiry models will be fully equipped with CATL power batteries.

AITO is a high-end smart car brand jointly created by Cyrus and Huawei. Yu Chengdong, Managing Director of Huawei, CEO of Terminal BG, and CEO of Smart Car Solutions BU, said: “Huawei, Cyrus, and CATL are all companies committed to creating innovative technologies and high-quality products. We will continue to innovate and bring the most powerful, The most advanced technology is installed on cars, allowing consumers to have a truly smart travel experience.”

On June 16, 2023, CATL New Energy Technology Co., Ltd. and the Shenzhen Municipal People’s Government signed a strategic cooperation framework agreement. The two parties will focus on new energy vehicle battery swapping, electric ships, new energy storage, green parks, financial services and trade, etc. Carry out all-round cooperation in key areas. According to CATL, the two parties will follow the principles of “complementary advantages, win-win cooperation, and innovative demonstration” to help Shenzhen build a world-class new energy storage industry center, accelerate the construction of a new generation of world-class automobile city, and contribute Shenzhen solutions to the energy transformation in the new era. and Ningde Power.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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