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 Q2 2026 delivered $21.8B in revenue — up 56.9% versus the same quarter a year ago. Net margin held at 15.3%. Shares currently trade at a trailing P/E of 17.6, EV/EBITDA of 10.7 and a 0.7% dividend yield. Analyst consensus leans strong_buy (1.21/5).
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.