CATL provides power batteries for the world's largest pure electric ship "Yangtze Three Gorges 1"

Recently, the construction of the Yangtze River Three Gorges 1, the world's largest pure electric green commercial ship, officially started. The cruise ship is equipped with CATL power batteries, with a total power of 7.5MWh, equivalent to the total battery capacity of more than 100 pure electric vehicles. The battery system is composed of more than 10,000 high-safety lithium iron phosphate cells from CATL. The Yangtze River Three Gorges 1 is a high-tech ship scientific research demonstration project of the Ministry of Industry and Information Technology and a pilot project of the Ministry of Transport of China to strengthen transportation. It was jointly developed by CATL and other companies.

Tianyancha shows that Contemporary Amperex Technology Co., Ltd. (CATL) was established in 2011 and is headquartered in Ningde, Fujian. It has branches in Munich, Germany, Beijing, Shanghai, Jiangsu and Qinghai.

Through years of operation, the company has built a domestic leading R&D and manufacturing base for power batteries and energy storage systems, possessing core technologies for the entire industry chain of materials, battery cells, battery systems, and battery recycling, and is committed to providing solutions for global green energy applications and energy storage through advanced battery technology.

At present, CATL has established in-depth cooperative relationships with top international automobile manufacturers in Germany, the United States and other countries, as well as many well-known domestic automobile manufacturers, to develop and produce power battery systems for pure electric vehicles and hybrid vehicles for global customers, and continue to provide society with clean and safe green energy.

In terms of the company's operating conditions, according to energy market research company SNE Research, from January to September this year, CATL's electric vehicle battery usage reached 19.2 GWh, surpassing LG Chem.

From the manufacturer ranking, CATL's electric vehicle battery usage accounted for 23.1% of the total 83.0 GWh, ranking first. LG Chem was second, with battery usage of 18.9 GWh, accounting for 22.9%. Japan's Panasonic ranked third with 17.6 GWh (21.2%), Samsung SDI and SK Innovation ranked fourth and fifth with 5.1 GWh (6.2%) and 4.6 GWh (5.5%) respectively.

In terms of financial data, according to the 2020 third quarter report released by CATL, CATL achieved operating income of 12.7 billion yuan in the third quarter, a year-on-year increase of 0.8%; net profit of 1.42 billion yuan, a year-on-year increase of 4.24%; after deducting non-recurring gains and losses, the net profit was 1.19 billion yuan, a year-on-year increase of 3.91%.