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CATL aims to fully deploy in PV, bus, logistics vehicle-related businesses, energy storage over next 3 years

Shirley From Gasgoo| May 31 , 2018

China EV battery market,  CATL three-year plan, CATL Zeng Yuqun

Shanghai (Gasgoo)-Zeng Yuqun, chairman of world-leading battery maker Contemporary Amperex Technology Ltd. (CATL), revealed the company's three-year plan recently, saying that the battery maker will fully deploy in passenger vehicle (PV), bus, logistics vehicle and energy storage over next three years.

In passenger vehicle businesses, CATL will strive to deepen the cooperation with international and domestic automakers. On one hand, CATL will expand its supplying relationships on other battery products apart from those for battery electric vehicle (BEV), such as hybrid vehicle and fast charging products, in order to expand its earnings in passenger vehicle battery businesses. On the other hand, CATL will continue to increase investment in the R&D of core technologies.

In terms of international businesses, the company is stepping up efforts to expand its presence in global market, aiming to beat its rivals in both technology and cost. At the same time, relying on the good brand image, CATL will actively explore long-term strategic cooperation with world-leading automakers and establish new business cooperation mode to realize mutual development.

In terms of the development plan on bus businesses, CATL will not only try to stabilize the demands of its major customers, but also will deploy in high-performance and low-cost product market, to enlarge its market shares. On one hand, the company will form deep strategic partnerships with major customers to expand market shares. On the other hand, the battery maker will create new sales channels, build terminal sales network across China, increase products awareness and capitalize on the terminal sales network to promote the company's products.

When it comes to the development plan of logistics vehicle businesses, CATL will deepen and scale up cooperation with strategic customers, raise customers' battery sourcing rate in CATL and strengthen services in product development and technologies. In the meantime, CATL will conduct deep cooperation with domestic major logistics to jointly tailor and develop market-oriented products and thus improve market shares.

As to the development plan of energy storage businesses, CATL plans to focus on domestic wind and solar energy storage markets and attempts to tap into global market at the same time. Besides, CATL has made efforts in long-life and low-cost battery technologies, and is capable of providing solutions to intelligent grid energy storage.

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