CATL to establish wholly-owned subsidiary for new energy mineral resources

Contemporary Amperex Technology Co., Limited (CATL) plans to establish a wholly-owned subsidiary, tentatively named CATL Resources Group (Xiamen) Co., Ltd., with a registered capital of RMB30 billion (USD4.4 billion), funded through a combination of cash and equity contributions.

The company said it has already built positions in key new energy minerals including lithium, nickel, and phosphorus. The new entity will serve as a dedicated investment, operation, and management platform for upstream mineral resources. It aims to further extend CATL's reach into the upstream segment, integrate existing mining-related assets, expand high-quality domestic and overseas resource projects, and strengthen raw material supply security and overall supply chain resilience, enhancing its vertically integrated competitiveness.