CATL, the Chinese battery giant, is making significant strides in expanding its presence in Europe. The company currently operates battery plants in Germany and Hungary and recently announced plans for a new joint venture battery plant in Spain with Stellantis.
According to reports from the World Economic Forum in Davos, Switzerland, CATL’s co-chairman, Pan Jian, revealed that the company is expected to unveil another joint venture factory project with other automakers in Europe later this year. This new project comes on the heels of CATL’s announcement in December about establishing a joint venture power battery plant with Stellantis in Spain.
The upcoming joint venture project in Spain will mark CATL’s third battery factory in Europe. The company’s existing facilities in Germany and Hungary are already operational, with the German plant located in Thuringia and the Hungarian plant situated in an industrial park south of Debrecen.
CATL’s dominance in the global EV battery market is evident, with the company holding a 36.8 percent share in January-November 2024. This impressive market position solidifies CATL as the world’s leading EV battery supplier, with no other company boasting a market share exceeding 30 percent.
In addition to its global success, CATL has also maintained its top position in the Chinese market. The company ranked first in China for power battery installations in 2024, with a total of 246.01 GWh and a 45.08 percent share. This data, released by the China Automotive Battery Innovation Alliance (CABIA), underscores CATL’s continued dominance in the domestic market.
As CATL continues to expand its footprint in Europe and solidify its position as a global leader in EV battery technology, the company’s future looks promising. With ongoing collaborations and joint venture projects on the horizon, CATL is well-positioned to drive innovation and shape the future of electric mobility.
