Recent events
Recent events tied to this brand in public sources.
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2021
Explosion and fire at Hunan Brunp factory
An explosion and fire occurred in a workshop at Hunan Brunp Recycling Technology's old factory on January 7. CATL said the incident's impact on its production and operations was preliminarily assessed as limited, and said Hunan Brunp was cooperating with authorities investigating the cause.
2021
Explosion at Brunp recycling plant
An explosion at Brunp Recycling Technology’s workshop in Hunan killed one person and severely injured six others. CATL said the incident had limited impact on its operations, and Brunp was investigating the cause.
2020
CATL and Hongda establish a new energy joint venture
Fujian Hongda Times New Energy Technology Co., Ltd. was established on December 16, 2020. CATL held a 26% stake and was the second-largest shareholder; Hongda Blasting Engineering Group was the largest shareholder through its wholly owned subsidiary.
2020
IM Motors and CATL jointly develop battery technology
IM Motors was reported to be jointly developing silicon-doped lithium-replenishment cell technology with CATL, with plans to apply the technology globally and mass-produce batteries using it.
2020
CATL agrees to acquire an 8% stake in Yongfu
CATL signed a share-transfer agreement with Yongfu's controlling shareholders to acquire 14.57 million shares, representing 7.9998% of Yongfu. The transfer was proposed and had not yet been completed in the report.
2020
CATL releases third-quarter report
CATL released its third-quarter report on October 28. The report said revenue for the first three quarters was 31.52 billion yuan and net profit attributable to shareholders was 3.36 billion yuan.
2020
CATL offers lower battery-system quotes
Recent reports from multiple bus-company procurement managers said CATL's latest lithium iron phosphate battery-system quotes were around 800 yuan per kWh, with quotes below that level for certain customers.
2020
CATL and Changan sign strategic cooperation agreement
CATL and Changan Automobile signed a strategic cooperation agreement to establish a long-term partnership in connected electric vehicles and smart energy ecosystems.
2020
CATL, NIO and partners announce a battery-asset joint venture
CATL announced that it would jointly invest with NIO, Guotai Junan International Holdings and Hubei Science and Technology Investment Group to establish Wuhan Weineng Battery Asset Co., Ltd., with the stated aim of promoting the battery-as-a-service business model.
2020
CATL joined Nio and other partners to establish a battery-asset company
CATL announced that it would jointly invest with Nio, Guotai Junan International and Hubei Science & Technology Investment Group to establish Wuhan Weineng Battery Asset Co., Ltd.; CATL would receive a 25% stake and a board seat.
2020
CATL and Schneider Electric agree to cooperate on battery and energy projects
CATL and Schneider Electric agreed to cooperate on lithium battery applications, green smart manufacturing, distributed energy, and integrated UPS, storage, and power-distribution solutions.
2020
CATL and Mercedes-Benz enter strategic battery agreement
CATL entered a strategic agreement to supply Mercedes-Benz with battery cells, modules, and battery packs for passenger and light commercial vehicles.
2020
Honda takes a stake in CATL
Honda formally became a shareholder in CATL. The headline reports that Honda invested 3.7 billion yuan.
2020
CATL announces private placement subscriptions, including Hillhouse's investment
CATL published its private-placement subscription report, which disclosed that Hillhouse Capital subscribed for approximately RMB 10 billion of the company's RMB 20 billion private placement.
2020
Honda and CATL sign strategic battery partnership
Honda and CATL signed a strategic cooperation agreement covering joint development, stable supply, and recycling of power batteries for new-energy vehicles. The agreement also includes Honda’s planned subscription for about a 1% stake in CATL’s private placement.
2020
Dongfeng and CATL sign a strategic cooperation framework agreement
Dongfeng Motor Group and CATL signed a framework agreement to deepen strategic cooperation. The article also reports that Dongfeng subsidiaries signed related sub-agreements with CATL and its subsidiary Guangdong Bangpu.
2020
Dongfeng and CATL sign strategic cooperation framework agreement
Dongfeng Motor Group and CATL signed a framework agreement to deepen strategic cooperation. Their subsidiaries also signed related sub-agreements, and the parties issued a joint task document on advanced new-energy-vehicle battery technology development.
2020
CITIC Bank and CATL sign a strategic cooperation agreement
CITIC Bank and CATL signed a strategic cooperation agreement. CITIC Bank said it would work with CITIC Group members to provide comprehensive financial services to CATL and its upstream and downstream customers.
2020
Tesla prepares China launch of a lower-cost, longer-life battery
Tesla is preparing to launch a lower-cost, longer-life battery for its electric vehicles in China later in 2020 or early 2021. The battery was jointly developed with CATL.
2020
CATL expands cooperation with VDL Bus & Coach
CATL is expanding its cooperation with VDL Bus & Coach, with CATL's LFP CTP battery system set to be used in VDL electric buses later in the year.