CATL holds approximately 35% of the global battery market. The company’s products include battery systems for electric vehicles, energy storage systems, and lithium materials. CATL’s clients include major companies such as Tesla, BMW, Mercedes-Benz, Nio, and Xpeng.
In late 2022, CATL began construction of a $7.35 billion factory in Debrecen, Hungary. The factory, with a capacity of 100 GWh, is expected to be completed by 2027.