Contemporary Amperex Technology Co Ltd Class A
300750: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥137.00 | Jjlm | Nxhmrygn |
Leading Batterymaker CATL Riding on Electric Vehicle Tailwind; Initiate With FVE of CNY 424
Business Strategy and Outlook
Contemporary Amperex Technology, commonly known as CATL, is the largest producer of lithium-ion rechargeable batteries for electric vehicles in China and globally. According to Frost & Sullivan, CATL is ranked first in the global EV battery market with a market share of 33% as measured by installed capacity in 2021 and 52% share in China. CATL’s major customers include most of the leading automakers such as Tesla, Nio, Xpeng, Geely, SAIC, and Volkswagen.