Contemporary Amperex Technology Co Ltd ADR

Business Description

Founded in 2011 and based in Ningde, China, Contemporary Amperex Technology Co. Limited (CATL) is one of the world's leading makers of batteries for electric vehicles and energy storage. The company designs and sells a wide range of battery products, from individual cells to complete systems, serving passenger cars, commercial vehicles, ships, and large-scale power storage projects. CATL also recovers and reprocesses materials such as lithium, cobalt, and nickel from used batteries, helping to reduce waste and secure its own supply of key inputs.