Contemporary Amperex Technology Co., Limited
CATL was founded in 2011 by Robin Zeng as a spin-off from ATL (Amperex Technology Limited), the world's largest maker of consumer-electronics lithium-polymer batteries. The new entity focused exclusively on automotive batteries, capturing first BMW's China sourcing and then a near-monopoly on local NEV supply as the Chinese government's New Energy Vehicle subsidy regime took hold.
CATL's Q1 2026 delivered $19.1B in revenue — up 52.4% versus the same quarter a year ago. Net margin held at 16.1%. Shares currently trade at a trailing P/E of 22.1, EV/EBITDA of 14.0 and a 1.4% dividend yield. Analyst consensus leans strong_buy (1.29/5).
CATL was founded in 2011 by Robin Zeng as a spin-off from ATL (Amperex Technology Limited), the world's largest maker of consumer-electronics lithium-polymer batteries. The new entity focused exclusively on automotive batteries, capturing first BMW's China sourcing and then a near-monopoly on local NEV supply as the Chinese government's New Energy Vehicle subsidy regime took hold.