UPDATED. 2024-03-28 05:14 (목)
CATL hurries its steps to create a joint venture for battery with a Chinese electric car maker
CATL hurries its steps to create a joint venture for battery with a Chinese electric car maker
  • Stan Lee
  • 승인 2019.03.11 11:25
  • 댓글 0
이 기사를 공유합니다

Strengthening its domestic battery market dominance

China CATL, the world's largest battery maker, is accelerating the establishment of a joint venture with a domestic automaker. It will be a strategy to strengthen its dominance of the Chinese market and to provide a foothold for cooperation with global automakers.

According to the industry on June 6th, CATL has recently established a joint venture with China's FAW Car Co., Ltd. of RMB 2 billion yuan (about 330 billion won). It is the sixth joint venture CATL has created after Geely Auto, BAIC Group, SAIC Motor, Dongfeng, and GAC. The shares of the joint venture for battery packs between BAIC have been liquidated; however, they are cooperating on their mid-to-long-term strategy until 2023.

As a strategic partnership partner of CATL, not a joint venture, there is Yutong, the largest electric bus company in China. It is formed as Yutong having a stake in the CATL. It is said that CATL supplies 90% of Li-ion batteries, not lithium iron phosphate, which is mainly used for Chinese electric buses.

It also has a strategic partnership with NIO, an EV company called Tesla in China, to supply batteries. It also invested US $500 million in a start-up called BYTON. According to SNE Research, a market researching company, shipments of Li-ion batteries for Chinese electric vehicles last year were 62.3 GWh. Of these, CATL shipped 25.2GWh, accounting for more than 37% of the market in China.

"CATL's market dominance in China is expected to be strengthened further, and the company has already signed battery supply agreements with BMW, Volkswagen, and Daimler, actively pursuing collaboration with global electric car companies," said Kim Byung-Ju, managing director of SNE Research. "The company is discussing the same matter with Hyundai of Korea and Honda of Japan while discussing battery supply for Tesla’s Shanghai Giga Factory. Thus, CATL's global electric car battery market dominance will become stronger."


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트