Gasgoo Munich- China's policy-backed insurer China Export & Credit Insurance Corporation (SINOSURE) has signed a strategic cooperation agreement in Beijing with battery giant CATL, aiming to strengthen financial support for the company's overseas expansion.
Image source: CATL
The partnership will focus on risk protection and financing solutions for international operations, enabling CATL to offer more competitive funding packages to its global customers as it accelerates its push into overseas markets.
CATL's international business has expanded rapidly in recent years, with overseas revenue accounting for 30.6% of its total 423.7-billion-yuan revenue in 2025. The company also captured roughly 30% of the global power battery market outside China, supplying major automakers such as Volkswagen, BMW, and Stellantis.
Against a backdrop of currency fluctuations and rising geopolitical and commercial risks, the agreement with SINOSURE is designed to leverage policy-driven financial tools to support CATL's global manufacturing expansion and supply chain development. The collaboration is also expected to improve the bankability and competitiveness of large-scale overseas projects.
As competition in the global energy transition increasingly shifts from individual companies to entire industrial ecosystems, SINOSURE's role will extend beyond traditional insurance coverage. The institution is expected to provide comprehensive support across the new energy value chain, including risk mitigation in key international markets and protection for overseas assets, reinforcing CATL's position in global supply networks.
The partnership also reflects a broader ambition within China's new energy sector to move beyond scale leadership toward higher-quality, globally respected growth. By integrating national-level financial resources with its technological capabilities, CATL is positioning itself to deliver combined “technology plus finance” solutions to international customers.
Such an approach is intended to shift competition in the global battery industry away from price-driven dynamics toward a more sustainable model based on value creation and long-term collaboration.
