Should investors think of CATL as the “Huawei of EV batteries”?

Should investors think of CATL as the “Huawei of EV batteries”?

Source: Week in China

Contemporary Amperex Technology Ltd. (“CATL”) is the world’s biggest EV battery maker with a 35% market share. The combination of CATL’s rapid growth, global reach and strategic importance has seen it compared with Huawei, a Chinese telecoms and tech giant.

CATL, which listed in Shenzhen in June 2018, stands out among the largest A-shares in at least one significant respect: it’s the only private-sector firm in the top 10. It is also the only industrial manufacturing play to be considered a ‘high tech’ stock and one that reflects positively on the Chinese government’s strategic push for advances in technology.

As of this week, the battery firm was worth about Rmb880 billion ($130 billion), almost on par with PetroChina, China’s biggest oil producer.

The company has existing and planned capacity of 310 gigawatt hours (GWh) as of the end of 2021.

Read more: https://www.weekinchina.com/2022/05/zeng-yuquns-global-leader/