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 Q3 2026 delivered $24.4B in revenue. Net margin held at 12.9%. Shares currently trade at a trailing P/E of 12.1, EV/EBITDA of 7.3 and a 0.6% dividend yield. Analyst consensus leans strong_buy (1.24/5).
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.