Top stories of CATL in 2024

In 2024, CATL solidified its leadership in the both China and global power battery industry through groundbreaking achievements in technology innovation, sustainability, and strategic collaborations.

From launching cutting-edge battery technologies like the Shenxing PLUS 4C and TIANXING series, to advancing battery swapping ecosystems with major automakers and partners, CATL continued to push the boundaries of energy solutions.

The company also expanded its global footprint, breaking ground on new facilities, forming new joint ventures, and unveiling initiatives like the Hong Kong R&D Center and its planned listing on the Stock Exchange of Hong Kong. These moves underscore CATL's commitment to electrification, sustainability, and driving the green energy revolution.

What follows is a detailed breakdown of CATL's key achievements over the past year.

CATL announces plans for public listing on Stock Exchange of Hong Kong

On December 26, CATL announced its intention to issue overseas-listed foreign shares (H-shares) and apply for listing on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK"). The H-share issuance will be conducted globally.

AVATR, CATL step up cooperation on R&D of NEV battery, new materials

On December 24, 2024, AVATR Technology and CATL signed a supplementary agreement to deepen their strategic partnership. Building on their existing collaboration in new energy vehicle (NEV) battery R&D, new material applications, and component development, the two companies will now cooperate further on priority application of new technologies, joint development of new projects, and co-branding initiatives.

CATL launches Bedrock Chassis with strengthened safety

On December 24, 2024, Chinese battery giant CATL unveiled its CIIC (CATL Integrated Intelligent Chassis) ultra-high-safe flagship version, the Bedrock Chassis. The chassis has previously completed winter tests in Heihe and summer tests in Turpan. It enables a range of over 1,000 kilometers and has passed rigorous safety tests, including frontal collisions at 120 km/h with 100% overlap and pole crash scenarios.

FAW Hongqi, CATL form cooperation in battery swapping field

FAW Hongqi Automobile Sales Co., Ltd. ("FAW Hongqi"), CATL, and Contemporary Amperex Energy Service Technology Ltd. ("CAES"), a wholly-owned subsidiary of CATL, recently signed a strategic cooperation framework agreement to conduct an in-depth collaboration in the battery swapping sector, according to a press release FAW Hongqi released on December 14.

CATL's CAES, China United Property Insurance join hands to develop battery swapping ecosystem

Contemporary Amperex Energy Service Technology Ltd. ("CAES"), a wholly owned subsidiary of CATL, recently signed a strategic framework agreement with China United Property Insurance Company Limited to jointly advance the development of battery swapping ecosystem, CATL announced on December 11 via its WeChat account.

The partnership aims to address challenges in the battery swapping industry, including insurance product compatibility, unclear liability definitions, and difficulty in cost determination, thereby creating a robust support system for the market. 

Stellantis, CATL to co-build LFP battery plant in Spain through joint venture

Stellantis and CATL announced on December 10 their agreement to invest up to €4.1 billion in a joint venture to build a large lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. 

CATL's subsidiary CAES, CITIC Financial Leasing sign agreement to co-develop battery swapping ecosystem

On December 4, CAES, a wholly-owned subsidairy of CATL, signed a strategic cooperation agreement with CITIC Financial Leasing Co., Ltd., a financial leasing platform wholly owned by China CITIC Bank, according to a post on CATL's WeChat account.

Both parties aim to promote the development of modular battery swapping ecosystem, enhancing the expertise and diversity of battery swapping services. Besides, they plan to offer users a more convenient and efficient energy replenishment experience, accelerating the widespread adoption of this battery swapping technology.

CATL, Uxin to co-develop battery swapping solution for used cars

In early December, CAES signed a cooperation agreement with Uxin, a leading e-commerce platform for buying and selling used cars in China, to explore new business and service models in the battery swapping sector, according to a post in CATL's WeChat account.

CATL's Luoyang facility begins cell production ahead of schedule

On November 26, CATL's Luoyang base shipped its first batch of battery cells, marking the start of production of its initial cell production line, according to a post on the official WeChat account of Luoyang city's Yibin District. The facility achieved this milestone 17 days ahead of schedule, completing installation and commissioning of production equipment in just 50 days—a testament to the team's swift execution.

Nanjing Steel, CATL forge strategic partnership to innovate in zero-carbon solutions

On November 25, Nanjing Steel Group Co., Ltd. ("Nanjing Steel") and CATL signed a strategic cooperation agreement in Ningde city, Fujian province, according to a post on CATL's WeChat account.

The partnership will extends to intelligent industrial products, electrification of construction machinery, lightweight hybrid materials applications, green transportation using electric heavy-duty trucks, and photovoltaic energy applications.

Changan Automobile, CATL, CAES form cooperation on battery swap project

On November 22, Changan Automobile, CATL, and CATL's subsidiary CAES held a signing ceremony in Chongqing to formalize their tripartite cooperation on battery-swapping projects. The event marked the simultaneous market launch of Changan's Oshan 520 model, the first vehicle equipped with CATL's new-generation Choco-SEB (swapping electric block ) technology, and the corresponding Choco-SEB battery swap stations.

CATL launches TIANXING series batteries for heavy-duty commercial vehicles

On November 25, CATL unveiled its TIANXING battery series for heavy-duty commercial vehicles, promising breakthroughs in range, charging speed, and safety standards.

DST, CATL's subsidiary to co-develop skateboard chassis for commercial vehicles

On November 22, Digital Sustainable Transport (DST), a Chinese leading provider of digital and intelligent operation services for logistics new energy vehicles, signed a strategic cooperation agreement with Synland, a subsidiary of CATL, to collaborate in the field of commercial vehicle skateboard chassis.

CATL, Pingmei Shenma team up on smart zero-carbon industrial park model for coal chemical sector

On November 22, China Pingmei Shenma Group (Pingmei Shenma") and CATL signed a strategic cooperation agreement in Ningde city, Fujian Province, marking the first collaboration between CATL and a major state-owned coal chemical enterprise, according to a post on CATL's WeChat account.

The two companies will focus on equity investment and fund cooperation, exploring innovative investment models and mechanisms to provide strategic guidance and financial support for industry development.

SGMW, CATL to co-launch battery-swappable vehicle model in 2025

On November 18, SGMW announced a landmark collaboration with CATL to unveil the world's first battery-swapping strategy for commercial vehicles. With this move, the automaker joins CATL's "Choco-Swap Alliance," which already includes automakers like Dongfeng Motor and BAIC Group.

Changan Automobile, CATL step up strategic partnership

On November 8, Changan Automobile signed a comprehensive memorandum of understanding with CATL to deepen their strategic cooperation. Under the new agreement, the two companies would collaborate extensively over the next five years, covering areas such as joint branding, technological innovation, market promotion, after-sales service, and global market expansion.

CATL unveils Freevoy Super Hybrid Battery with impressive range, charging speeds

On October 24, 2024, CATL launched the Freevoy Super Hybrid Battery, which is touted as the world's first hybrid vehicle battery to offer a pure electric range of over 400 kilometers along with 4C superfast charging. This groundbreaking innovation marks a new chapter for high-capacity batteries designed for Extended Range Electric Vehicles (EREVs) and Plug-in Hybrid Electric Vehicles (PHEVs).

CATL inaugurates R&D center in Hong Kong

On October 15, CATL (HK) International R&D Center was officially inaugurated in Hong Kong Science & Technology Park, marking a significant progress of CATL's R&D deployment in the city.

CATL, Shaanxi Automobile Commercial Vehicle step up strategic cooperation

On October 12, CATL signed a strategic cooperation agreement with Shaanxi Automobile Commercial Vehicle, a subsidiary of Shaanxi Automobile Holding Group, at an event held in Ningde city, Fujian province, where the latter launched its latest product, the Zhiyun Tianxing (translating to Intelligent Cloud Skywalker) edition light-duty truck, according to a post on CATL's WeChat account.

CATL to provide TZCO with power batteries, services

On October 8, CATL and Taiyuan Heavy Machinery Group Co., Ltd. ("TZCO") signed a strategic cooperation agreement in Taiyuan, Shanxi Province, according to a post on CATL's WeChat account.

Under the agreement, TZCO has chosen CATL as its preferred partner for power batteries in the engineering machinery sector.

NEVC, CATL form strategic cooperation in battery, auto-grade chip fields

On October 9, the National New Energy Vehicle Technology Innovation Center ("NEVC") and CATL signed a strategic cooperation agreement in Beijing, marking a significant step forward in their partnership within the new energy vehicle sector.

SAIC-GM, CATL co-launch industry's 1st 6C ultra-fast-charging LFP battery

On September 25, SAIC-GM announced its collaboration with CATL to launch the industry's first 6C ultra-fast-charging lithium iron phosphate (LFP) battery, marking a significant breakthrough in electric vehicle battery technology.

CATL, Beijing Xianglong to collaborate on logistics electrification, NEV promotion

On September 22, CATL and Beijing Xianglong Assets Management Co., Ltd. ("Xianglong") signed a strategic cooperation agreement in Beijing, according to a post on CATL's WeChat account. The partnership aims to develop green, low-carbon industries, facilitating Beijing's development of new energy-related industries.

CATL forges strategic partnership with Shandong Heavy Industry Group

On September 14, CATL and Shandong Heavy Industry Group held a strategic cooperation signing ceremony in Ningde, Fujian, according to a post on CATL's WeChat account.

Under the agreement, the two companies will collaborate across multiple areas, including heavy trucks, construction machinery, buses, logistics vehicles, and forklifts. Their partnership will focus on product development, ecosystem building, and innovation in business models, aiming to drive the green transition in the equipment manufacturing sector.

CATL, Shanghai Chengtou team up on battery recycling, urban smart energy replenishment

On August 28, Shanghai Chengtou Group Corporation ("Shanghai Chengtou") and CATL held a strategic cooperation signing ceremony in Shanghai, according to a post on CATL's WeChat account.

The agreement outlines plans for collaboration in several key areas, including the battery recycling industry, urban smart energy replenishment networks, the electrification of urban sanitation vehicles and equipment, distributed low-carbon energy stations integrating solar power, energy storage, and charging infrastructure, and initiatives aimed at carbon peaking and carbon neutrality.

CATL inaugurates first New Energy Lifestyle Plaza

On August 10, CATL officially opened its New Energy Lifestyle Plaza in Chengdu city, the capital of Sichuan province. The plaza's inaugural display features nearly 50 brands and 100 car models, offering consumers a comprehensive view of the market's most popular vehicles in one place.

CATL, Shaanxi Transportation Holding Group sign strategic cooperation agreement

On July 16, Shaanxi Transportation Holding Group Industrial Development Co., Ltd. and CATL held a strategic cooperation signing ceremony. Under the agreement, the two companies will engage in deep collaboration in the electrification of commercial vehicles, battery asset management, and the cascading utilization of batteries. The duo aims to establish a long-term and stable cooperative relationship, supporting the rapid development of the green transportation industry in Shaanxi province and across China.

CATL, New Hope Group's Fresh-SCM to co-work on low-carbon cold chain logistics

On July 14, Fresh Life Style Supply Chain Management (Fresh-SCM), a subsidiary of the Chinese agricultural business conglomerate New Hope Group, signed a strategic cooperation agreement with CATL in Ningde city, according to a post on CATL's WeChat account.

The two parties aim to leverage their respective strengths to enhance industrial chain synergy and engage in comprehensive and in-depth cooperation centered around "zero-carbon logistics." According to the agreement, both sides will deepen production and research cooperation, strengthen market linkage, and jointly build a green and low-carbon cold chain logistics industry chain.

CATL launches 'TIANXING' battery brand dedicated to commercial vehicles

On July 4th, Chinese power battery giant CATL officially launched its commercial vehicle (CV)-dedicated battery brand, "CATL TIANXING".

BAIC Group, CATL deepen strategic cooperation in battery swap businesses

On June 18, BAIC Group and CATL signed an agreement to deepen their strategic cooperation in the new energy sector, aiming to enhance their core competitiveness.

CATL breaks ground on Beijing battery base with BAIC, Xiaomi, Jingneng Group

On June 18th, the groundbreaking ceremony for the Beijing Contemporary Amperex Battery Base project, which is jointly invested by CATL, BAIC Group, Jingneng Group, and Xiaomi Group, took place in Beijing, according to a post on CATL's WeChat account.

CATL, Tianjin municipal government ally on recycling of retired NEV batteries

On June 17th, the Tianjin Municipal People's Government and CATL signed a strategic cooperation agreement, according to a post on the WeChat account of Brunp Recycling, a subsidiary of CATL.

According to the agreement, the two parties will leverage their respective strengths to actively collaborate in several areas, including policy research on the recycling of retired new energy vehicles (NEVs) and used batteries, the establishment of recycling network systems, the construction of an integrated treatment base for the Beijing-Tianjin-Hebei region, carbon asset management, and green power.

NETA Auto, CATL, 360 Security Technology, LynkVertx team up on V2G pilot project

On June 13th, NETA Auto, CATL, 360 Security Technology Inc., and LynkVertx signed a strategic cooperation agreement for the "V2G (Vehicle-to-Grid) Smart Energy Demonstration Project" at NETA Auto's Tongxiang Full-Ecosystem Smart Factory, according to a post on NETA Auto's WeChat account.

This strategic cooperation among the four parties aims to advance the development of cutting-edge V2G power interaction technology.

CATL, Guangzhou Public Transport ink agreement to boost vehicle electrification

On May 17, Guangzhou Public Transport, CATL, CITL, Guangzhou Bus Group Transport Branch, and Guangzhou Yi Ma Contemporary Amperex Technology signed a strategic cooperation framework agreement at CATL's headquarters, according to a post on CATL's WeChat account.

According to the agreement, the five parties will collaborate extensively in various battery service areas, including vehicle electrification, automotive aftermarket services, business model innovation, supply chain finance, and new energy industry talent training.

GAC AION, CATL, CAES sign framework agreement on battery swapping project

On May 16, GAC AION, a subsidiary of GAC Group, signed a framework agreement for a battery swapping project with CATL and CAES at the GAC Center.

CATL, CMA CGM to co-develop solutions for greenhouse gas emission reduction

On May 7, local time of Paris, Chinese power battery giant CATL signed a cooperation agreement with French shipping giant CMA CGM. The partnership is poised to harness the strengths of both companies, focusing on the creation of comprehensive solutions for reducing greenhouse gas emissions.

CATL helps to build V2X innovation center in Wuxi, Jiangsu province

On April 27, China's Traffic Management Research Institute of the Ministry of Public Security (TMRI), CATL, CITL, and Binhu Shanshuicheng signed a cooperation agreement in Wuxi, Jiangsu Province, to jointly establish the Taihu Bay V2X Innovation Center (Intelligent Vehicle Operation Safety Inspection Center).

Beijing Hyundai, CATL intend to co-develop BEV models

On April 25, the inaugural day of the Auto China 2024, Beijing Hyundai signed a Memorandum of Understanding (MOU) with CATL to cooperate on the former's EV project, jointly developing all-electric vehicle models that cater to consumers' demands in China.

Star Charge, CATL form strategic cooperation on EV charging tech R&D, facility construction

On April 25, the opening day of the Auto China 2024, Chinese leading electric vehicle (EV) charging service provider Star Charge and CATL signed a strategic cooperation agreement.

According to the agreement, both parties will collaborate intensively in several key areas including high-power charging, integrated technology development for battery charging and inspection, construction of charging infrastructures, and development of branded supercharging stations.

CATL launches Shenxing PLUS 4C battery capable of 1,000-km range

On April 25, 2024, the opening day of the Auto China 2024, CATL unveiled the world's first lithium iron phosphate battery that enables a 1,000 km range with 4C supercharging capabilities, named Shenxing PLUS.

CATL displays innovative chassis product CIIC at Auto China 2024

On April 25th, at the Auto China 2024, CATL unveiled its CIIC (integrated intelligent chassis), also known as the "skateboard chassis," marking its public debut.

The CIIC is described by the company as "vertically decoupled, highly integrated, and open for external collaboration." It employs an expandable software and hardware architecture with standardized interfaces, enabling a single chassis design to be adapted across a diverse range of vehicle models.

Volvo Cars, CATL form in-depth cooperation in battery closed loop recycling field

On April 16, 2024, Volvo Car Group announced it has signed a strategic Memorandum of Understanding (MoU) with the Chinese power battery giant CATL to engage in deep collaboration in the battery closed-loop recycling area.

This partnership aims to promote the recycling of battery materials and reduce the carbon footprint across the lifecycle of electric vehicles, further advancing both parties' sustainability strategies.

CATL, DST team up on multiple fields like vehicle electrification, marketing, global business expansion

On April 9, CATL signed a comprehensive strategic cooperation agreement with Digital Sustainable Transport New Energy Vehicle Service Network ("DST"), a Chinese leading provider of digital and intelligent operation services for new energy logistics vehicles, according to a post on CATL's WeChat account.

Under the agreement, the two parties will engage in deep collaboration in areas such as the electrification of urban delivery vehicles, innovative product development, business model innovation, and market branding.

CATL launches TENER energy storage system

CATL launched its new energy storage system TENER （"Tianheng" in Chinese Pinyin) on April 9.

According to CATL, The TENER TEU (twenty-foot equivalent unit) containerized BESS (battery energy storage system) achieves a high energy level of 6.25 MWh, enhancing the energy density per unit area by 30% and achieving a 20% reduction in footprint compared to CATL's previous generation of products.

CATL, Yutong Group co-launch new battery with 15-year service life

On March 28, at a new energy commercial vehicle product launch event, Chinese commercial vehicle giant Yutong Group announced it has joined hands with CATL to launch a long-life battery capable of working 15 years and traveling up to 1.5 million kilometers.

This new battery product would be applied in various segments including buses, light-duty trucks, and heavy-duty trucks, with plans for integration into vehicles under Yutong Bus and Yutong Heavy Industries.

SAIC-CATL, UL Solutions ink MoU to enhance safety of power batteries, EV charging systems

On March 20, SAIC-CATL, the joint venture between SAIC Motor and CATL, signed a memorandum of understanding (MOU) with the global safety science leader UL Solutions.

The partnership aims to address the evolving needs of the electric vehicle (EV) industry by concentrating on battery systems and component testing and certification.

NIO, CATL forge partnership to innovate in long-life batteries for EVs

On March 14, NIO and CATL signed a framework agreement in Beijing, heralding a significant collaboration between the two parties. The partnership aims to push the boundaries of battery technology, focusing on the development of long-life batteries tailored to NIO's EV battery swap needs.

Sinopec, CATL seal framework agreement to advance green, low-carbon industry development

On March 13, China Petrochemical Corporation ("Sinopec") and the Chinese power battery giant CATL signed a strategic cooperation framework agreement in Beijing, according to a post on Sinopec's WeChat account.

Both parties expressed their intention to leverage their respective strengths to deepen strategic cooperation, broaden cooperation fields, extend the industrial chain, accelerate transformation and upgrading efforts, and contribute significantly to promoting the green, low-carbon, and high-quality development of the energy sector, as well as to the rapid development of strategic emerging and future industries.

CATL supplies power batteries to Lonking's construction machinery

On February 27th, Lonking Holdings Limited, a leading Chinese construction and logistic machinery manufacturer, and the power battery giant CATL inked a strategic cooperation agreement in Ningde city, Fujian province.

The agreement designates CATL as the preferred partner for Lonking's construction machinery power batteries. This collaboration extends into areas such as the development and production of construction machinery, as well as the development of power batteries used in construction machinery.

CATL steps up strategic cooperation with Sichuan provincial government

The People's Government of Sichuan Province and CATL recently signed an agreement in Chengdu city to comprehensively cement their strategic cooperation, according to a post on CATL's WeChat account.

DiDi, CATL announce formation of battery swapping joint venture

On January 26, Chinese ride-hailing giant Didi Chuxing ("DiDi") and CATL officially announced the establishment of a joint venture for battery swapping business in Ningde City, Fujian Province, according to a post on CATL's WeChat account.

JAC Group allies with CATL to promote new energy vehicle technology advancement

On January 6, JAC Group and CATL inked a pivotal strategic cooperation agreement in Ningde, Fujian Province. The agreement encompasses such fields as power battery and green energy technologies.

Mengshi Technology partners with CATL for power battery R&D, applications

On January 3, 2024, Mengshi Technology, the company behind Dongfeng Motor's rugged off-roader brand, M-Hero (“Mengshi” in Chinese pinyin), inked a three-year strategic cooperation agreement with the battery giant CATL in Ningde, Fujian Province.

Under this collaboration, CATL emerges as Mengshi Technology's preferred partner for automotive power batteries, committed to bolstering the automaker's vehicle development and production endeavors.