Catl energy storage business department

What will CATL's energy storage business be like by 2030?

CATL's chairman Robin Zeng estimated last year that by 2030, the energy storage business revenue would be comparable to the automotive battery business. ($1 = RMB 7.2323)

Could a green-grid system be a big opportunity for CATL?

But Zeng sees a much bigger opportunity for CATL by supplying green-grid systems including solar and wind power, dedicated storage and a smart system to draw power from parked EVs. China has the world's highest EV-adoption rates; EVs and hybrids have accounted for more than half of all new cars sold there in recent months.

Who is CATL partnering with?

CATL has forged and strengthened partnerships with top-tier global players in the industry such as NextEra, Fluence, Wartsila, Tesla, Powin and FlexGen, implementing over 1,000 energy storage projects in over 40 countries and regions with its advanced energy technologies so far.

When will CATL launch a solid-state battery?

Zeng expects CATL to start a limited rollout of the technology in 2027. China's government has also provided more than $830 million to fund research on solid-state batteries industry-wide.

Will CATL build a battery factory in Europe?

In Europe, CATL has been working on a plan to build a jointly owned battery factory in Spain with Stellantis (STLAM.MI). That deal could be finalized in January at the latest, Zeng said. CATL operates a six-year-old factory in Germany, its first in Europe, and is building a new plant in Hungary.

How does CATL work?

Leveraging a global network of over 700 service stations, CATL harnesses the synergistic advantages of logistics partners and comprehensive ecosystem support to deliver professional, efficient, and reliable overseas services.