The company cites the projected rapid expansion of the energy storage market as a chief reason for the expansion
(Source: CATL, PV Mag, 24 Sept., 2019) Contact: Contemporary Amperex Technology, +86 0 593 258 3668, (248) 289-6200 – Detroit Office, www.catlbattery.com
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Funds from the IPO will be used for expansion and general corporate purposes, according to the company's website.
Ningde-based CATL is a supplier to domestic carmakers like SAIC Motor Corp Ltd and Geely Automobile Holdings Ltd and has agreements with international automakers like BMW and Volkswagen. (Source: CATL, DealStreetAsia, Xinhua, 5 April, 2018)
Contact: Contemporary Amperex Technology, www.catlbattery.com/en
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