CATL took a stake in Pilbara Minerals in September as the Chinese battery maker makes inroads across the supply chain. Here we look at CATL’s rise to being on the cusp of attaining tier-one battery manufacturer status
September saw a flurry of activity from battery cell manufacturer Contemporary Amperex Technology Co., Limited (CATL) as it secured an 8.5% stake in Pilbara Minerals, agreed to develop batteries in collaboration with Bosch, reached an agreement to supply Daimler’s trucks and buses and launched a new recycling joint venture (JV) with its subsidiary Brunp. In Q3 2019 alone, CATL . . .