Contemporary Amperex Technology Co. Ltd (CATL), the leading battery supplier for Tesla, has secured a coveted spot on Time’s prestigious list of the 100 Most Influential Companies for 2023. As the world’s largest electric vehicle (EV) battery maker, CATL continues to revolutionize the industry with its unwavering commitment to innovation.
Headquartered in Fujian, China, CATL has emerged as a prominent player in the battery supply chain, consistently pushing the boundaries of battery technology. Time Magazine highlighted CATL’s recent achievement, stating, “Based in Fujian, China, Contemporary Amperex Technology Co. Ltd. (CATL) is the world’s largest EV-battery maker and the one to beat in battery tech. This spring, it started mass-producing the new Qilin battery, which can extend EV range to 600 miles on a single charge.”
See also: CATL unveils new Qilin EV battery that capable delivering a range of 1,000 km
CATL’s groundbreaking Qilin battery represents the company’s third-generation cell-to-pack (CTP) technology. Boasting a remarkable volume utilization efficiency of 72% and an energy density of up to 255Wh/kg, the Qilin battery sets new industry benchmarks. CATL claims that this advanced battery can offer an impressive range of approximately 620 miles, pushing the boundaries of what is possible for electric vehicles.
In April, CATL unveiled its latest technological breakthrough—a semi-solid-state lithium battery. The company states that this innovative battery has the potential to store nearly twice as much energy as the best batteries currently available in the market. By significantly expanding the range of electric vehicles, CATL’s advancements bring the concept of electric passenger planes closer to reality. Unlike many groundbreaking innovations that may require several years of commercial development, CATL intends to put this battery into production within six months.
CATL’s commitment to growth is evident through its expansion plans. The Chinese battery giant is strategically increasing its production capacity by constructing a new cell manufacturing facility outside of Shanghai. This move demonstrates CATL’s dedication to meeting the soaring demand for high-quality batteries and supporting the global transition towards sustainable transportation.
The positive trajectory of CATL’s success is further confirmed by the company’s financial performance. In March 2023, CATL reported its 2022 earnings, showcasing a significant increase in overall income compared to the previous year. This financial growth reflects CATL’s relentless pursuit of excellence and its ability to adapt to the evolving needs of the rapidly expanding electric vehicle market.
