{"slug":"catl","name":"CATL","name_en":"CATL","ticker":"300750.SZ","updated_at":"2026-07-12T06:19:48.391693+00:00","canonical":"https://valuechain.wiki/catl","same_as":["https://finance.yahoo.com/quote/300750.SZ"],"citable":"밸류체인 그래프 기준 CATL의 직접 연결 기업은 12곳(관계 기준 공급 6·매출 6)이고, 사슬을 2차까지 넓히면 13곳에 닿는다. 링크의 근거 출처는 16건이며 그중 1차공시가 4건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, CATL is directly linked to 12 companies (6 supply, 6 revenue relationships) and reaches 13 companies within two hops; the links are backed by 16 dated sources, 4 of them primary filings (as of 2026-07-12).","kicker":"배터리 세계 1위(EV·휴머노이드)","kicker_en":"World No.1 battery maker","lead":"세계 1위 배터리 기업(닝더스다이). 2025년 EV 배터리 설치 464.7GWh로 점유 39.2%, 30%+ 유일 공급사. 테슬라·BYD 등 완성차에 셀을 공급하고, 자체 Moz 휴머노이드를 배터리 공장에 투입(세계 첫 대규모)했다. EV·로봇 양쪽의 전력 저장 축.","lead_en":"The world No.1 battery maker (Ningde). In 2025 it installed 464.7 GWh of EV batteries for a 39.2% share, the only supplier above 30%. It supplies cells to automakers like Tesla and BYD, and deployed its own Moz humanoid in battery factories (a world first at scale). The energy-storage axis for both EVs and robots.","segments":{"parts":[{"desc":"세계 1위(2025년 설치 464.7GWh, 점유 39.2%로 30%+ 유일)로 EV 배터리 산업의 사실상 표준 공급사 — 테슬라·BYD·지리·SAIC·현대차 등 광범위한 완성차 기반이 규모·원가·기술의 선순환을 만든다.","name":"EV 배터리(39.2%)"},{"desc":"전력망·상업용 에너지저장장치(ESS) — EV와 같은 셀·소재 사슬을 공유하며, AI 데이터센터·재생에너지 확대로 수요가 구조적으로 커지는 제2 성장축이다.","name":"ESS 저장"},{"desc":"휴머노이드·로봇용 전원 — 자체 Moz 휴머노이드를 배터리 공장에 대규모 투입한 데서 보듯, 배터리 기술을 로봇 전력원으로 확장하는 초기 옵션 축이다.","name":"로봇·휴머노이드 전원"}],"total":"2025 설치 464.7GWh(점유 39.2%)","concentration":"테슬라·BYD 공급. 30%+ 유일."},"segments_en":{"parts":[{"desc":"The world No.1 (464.7GWh installed in 2025, 39.2% share, the only supplier above 30%) and the de facto standard cell supplier — a broad automaker base (Tesla, BYD, Geely, SAIC, Hyundai) drives a virtuous cycle of scale, cost and technology.","name":"EV batteries (39.2%)"},{"desc":"Grid and commercial energy storage (ESS) — sharing the same cell and material chain as EVs, a second growth axis whose demand rises structurally with AI data centers and renewables.","name":"ESS storage"},{"desc":"Power for humanoids and robots — as shown by deploying its own Moz humanoid at scale in battery plants, an early-stage option extending battery tech into robot power sources.","name":"Robot/humanoid power"}],"total":"2025: 464.7 GWh (39.2% share)","concentration":"Supplies Tesla, BYD; only one above 30%."},"returns_yearly":{"2021":67.4,"2022":-21.4,"2023":-40.6,"2024":74.5,"2025":39.4,"2026":1.2},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":3,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":2,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"geely-auto","name":"지리자동차","name_en":"Geely Auto","tier":1,"returns_yearly":{"2021":-40.8,"2022":-22.9,"2023":-40.3,"2024":98.5,"2025":14.5,"2026":18.9}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":1,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":1,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"xiaomi","name":"샤오미","name_en":"Xiaomi","tier":1,"returns_yearly":{"2021":-43.9,"2022":-21.1,"2023":-4.6,"2024":209.7,"2025":-6.9,"2026":-27.2}},{"slug":"saic-motor","name":"상하이자동차(SAIC)","name_en":"SAIC Motor","tier":1,"returns_yearly":{"2021":-12.1,"2022":-16.2,"2023":-6.8,"2024":29.1,"2025":-17.2,"2026":-28.4}},{"slug":"ubtech","name":"UBTech","name_en":"UBTech Robotics","tier":1,"returns_yearly":{"2024":-21.6,"2025":95.4,"2026":-39.2}}],"benefiting":[{"slug":"yunnan-energy","name":"Yunnan Energy (Enjie)","name_en":"Yunnan Energy New Material (SEMCORP)","tier":1,"returns_yearly":{"2021":92.8,"2022":-38.6,"2023":-72.6,"2024":-29.2,"2025":76.4,"2026":7.5}},{"slug":"tinci","name":"Tinci Materials","name_en":"Tinci Materials","tier":1,"returns_yearly":{"2021":68.3,"2022":5.6,"2023":-61.4,"2024":-0.7,"2025":124.2,"2026":-1}},{"slug":"ronbay","name":"룽바이커지(容百科技)","name_en":"Ronbay Technology","tier":1,"returns_yearly":{"2021":96.6,"2022":-39.1,"2023":-63.6,"2024":12.3,"2025":47.7,"2026":-12.9}},{"slug":"chunbo","name":"천보","name_en":"Chunbo","tier":1,"returns_yearly":{"2021":40.4,"2022":-7.3,"2023":-65,"2024":-55.6,"2025":59.1,"2026":-37.6}},{"slug":"enchem","name":"엔켐","name_en":"Enchem","tier":1,"returns_yearly":{"2022":-37.4,"2023":173.9,"2024":-20.5,"2025":-26.1,"2026":-76.7}},{"slug":"btr-new-material","name":"BTR New Material","name_en":"BTR New Material Group Co., Ltd","tier":1,"returns_yearly":null}],"analysis":"CATL의 핵심 논점은 '30% 이상 유일 공급사'라는 지배적 점유(2025년 39.2%)가 만드는 규모·원가·소재 협상력의 선순환이다. 세계 최대 셀 수요를 쥐고 있어 양극재(룽바이)·음극재(BTR)·분리막(언제펀)·전해액(톈츠·엔켐)·리튬염(천보) 등 소재 사슬 전반에서 물량·가격을 좌우하며, 다수 소재사에 지분·장기계약으로 공급을 내재화한다. 성장 축은 EV를 넘어 ESS(AI 데이터센터·재생에너지)와 로봇 전원으로 확장되지만, EV 수요 둔화·중국 내 경쟁·배터리 가격 하락이 단기 실적의 눌림 요인이다. 그래프상 CATL은 완성차(테슬라·BYD·지리·SAIC·현대차)에 대한 매출 허브이자 소재사에 대한 비용 허브로, 이 노드의 물량 신호가 배터리 밸류체인 전체로 파급되는 결정적 척추다.","analysis_en":"The core of CATL is the scale-cost-bargaining flywheel created by its dominant share (39.2% in 2025) as the only supplier above 30%. Commanding the world's largest cell demand, it sets volume and price across the material chain — cathode (Ronbay), anode (BTR), separator (Enjie), electrolyte (Tinci, Enchem), lithium salts (Chunbo) — and internalizes supply through stakes and long-term contracts with many of them. Growth extends beyond EVs into ESS (AI data centers, renewables) and robot power, but slowing EV demand, Chinese competition and falling battery prices weigh on near-term results. In graph terms CATL is a revenue hub to automakers (Tesla, BYD, Geely, SAIC, Hyundai) and a cost hub to material makers — the deterministic spine whose volume signal ripples through the entire battery value chain.","analysis_asof":"2026-07-10"},"edges":[{"direction":"cost","counterparty":"룽바이커지(容百科技)","counterparty_slug":"ronbay","confidence":"high","metric":{"type":"supplier_share","unit":"%","as_of":"2024-12-31","basis":"룽바이 매출 중 CATL(제1대 고객) 비중, 공시 익명·매체 식별","value":54.54,"period":"FY2024","basis_en":"CATL's share of Ronbay revenue (largest customer, anonymized in filing)"},"note":"CATL은 삼원계 양극분 제1공급사인 룽바이커지(容百科技)에서 하이니켈 NCM·나트륨이온 양극재를 조달한다. 룽바이 2024년 연차보고서상 제1대 고객(매출 82.3억元, 54.5%)이 매체 교차검증으로 CATL로 식별되며, 나트륨 양극분은 연간 조달량의 60% 이상을 룽바이에서 구매하기로 약정했다(2029년까지).","note_en":"CATL sources high-nickel NCM and sodium-ion cathode powder from Ronbay Technology, its #1 ternary cathode supplier. Ronbay's FY2024 largest customer (RMB 8.23bn, 54.5% of sales) is identified as CATL via media cross-checks, and CATL committed to buy at least 60% of its annual sodium cathode powder from Ronbay through 2029.","sources":[{"stance":"mentions","publisher":"上海证券交易所科创板","publisher_en":"Shanghai Stock Exchange STAR Market","kind":"filing","lang":"zh","published_at":"2025-04-30","url":"https://star.sse.com.cn/disclosure/listedinfo/announcement/c/new/2025-04-30/688005_20250430_CSLQ.pdf","title":"宁波容百新能源科技股份有限公司2024年年度报告摘要","title_en":"Ningbo Ronbay New Energy Technology 2024 Annual Report Summary","excerpt":"主要客户包括CATL-SAIC等全球头部动力电池企业；2024年三元正极材料全球市占率超12%。","excerpt_en":"Major customers include CATL-SAIC and other global top power-battery makers; 2024 ternary cathode global market share exceeded 12%."},{"stance":"confirms","publisher":"上海证券交易所(via 新浪财经)","publisher_en":"Shanghai Stock Exchange (hosted via Sina Finance)","kind":"filing","lang":"zh","published_at":"2025-04-10","url":"http://file.finance.sina.com.cn/211.154.219.97:9494/MRGG/CNSESH_STOCK/2025/2025-4/2025-04-10/10858685.PDF","title":"宁波容百新能源科技股份有限公司2024年年度报告","title_en":"Ningbo Ronbay New Energy Technology 2024 Annual Report","excerpt":"前五名客户销售额为119.4亿元，占年度销售总额的79.10%；第一大客户销售额为82.3亿元，占年度销售总额的54.54%。","excerpt_en":"Top-5 customer sales were RMB 11.94bn, 79.10% of total annual sales; the largest customer's sales were RMB 8.23bn, 54.54% of total."},{"stance":"confirms","publisher":"NE时代","publisher_en":"NE Time","kind":"news","lang":"zh","published_at":"2024-11-01","url":"https://ne-time.cn/web/article/37116","title":"容百科技获宁德时代钠电正极材料长期订单 锁定第一供应商地位","title_en":"Ronbay wins CATL long-term sodium cathode order, locks in #1 supplier status","excerpt":"容百科技被正式确立为宁德时代钠电正极粉料第一供应商……宁德时代承诺每年从容百科技采购不低于其钠电正极粉料总采购量的60%……有效期至2029年12月31日，并设有自动续约条款。","excerpt_en":"Ronbay was formally established as CATL's #1 sodium-ion cathode-powder supplier; CATL commits to purchase no less than 60% of its annual sodium cathode-powder demand from Ronbay; valid to Dec 31 2029 with auto-renewal."}]},{"direction":"revenue","counterparty":"글로벌 완성차 (EV 배터리)","counterparty_slug":null,"confidence":"high","metric":null,"note":"BYD·다수 완성차에 EV 배터리 공급(점유 39.2%).","note_en":"EV batteries to BYD and many automakers (39.2% share).","sources":[{"stance":"confirms","publisher":"CnEVPost","publisher_en":"CnEVPost","kind":"news","lang":"en","published_at":"2026-02-04","url":"https://cnevpost.com/2026/02/04/global-ev-battery-market-share-2025/","title":"2025 EV 배터리 점유: CATL 39.2%","title_en":"2025 EV battery share: CATL 39.2%","excerpt":"BYD·다수 완성차에 EV 배터리 공급(점유 39.2%).","excerpt_en":"EV batteries to BYD and many automakers (39.2% share)."}]},{"direction":"revenue","counterparty":"Tesla","counterparty_slug":"tesla","confidence":"high","metric":null,"note":"테슬라에 EV·ESS 배터리 셀 공급.","note_en":"Supplies EV and ESS battery cells to Tesla.","sources":[{"stance":"confirms","publisher":"CATL/SZSE","publisher_en":"CATL/SZSE","kind":"filing","lang":"en","published_at":"2026-03-01","url":"https://www.catl.com/en/investor/","title":"CATL 회사·IR(선전거래소 300750)","title_en":"CATL company/IR (SZSE 300750)","excerpt":"테슬라에 EV·ESS 배터리 셀 공급.","excerpt_en":"Supplies EV and ESS battery cells to Tesla."},{"stance":"confirms","publisher":"CnEVPost","publisher_en":"CnEVPost","kind":"news","lang":"en","published_at":"2026-02-04","url":"https://cnevpost.com/2026/02/04/global-ev-battery-market-share-2025/","title":"2025 EV 배터리 점유: CATL 39.2%","title_en":"2025 EV battery share: CATL 39.2%","excerpt":"테슬라에 EV·ESS 배터리 셀 공급.","excerpt_en":"Supplies EV and ESS battery cells to Tesla."}]},{"direction":"revenue","counterparty":"샤오미 (EV)","counterparty_slug":"xiaomi","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"SU7·YU7 상위 트림용 삼원계 배터리 판매.","note_en":"Ternary batteries for SU7/YU7 upper trims.","sources":[{"stance":"confirms","publisher":"CarNewsChina","publisher_en":"CarNewsChina","kind":"news","lang":"en","published_at":"2025-06-30","url":"https://carnewschina.com/2025/06/30/xiaomis-hit-yu7-suv-launch-omits-any-mention-of-battery-supplier-catl/","title":"샤오미 YU7 배터리: CATL·BYD 핀드림스","title_en":"Xiaomi YU7 batteries from CATL and BYD FinDreams","excerpt":"YU7 dual-motor uses CATL cells.","excerpt_en":"YU7 uses CATL cells."}]},{"direction":"revenue","counterparty":"지리·지커","counterparty_slug":"geely-auto","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"치린 배터리 최초 채택사(지커)를 포함한 지리 그룹향 공급.","note_en":"Supplies Geely group incl. Zeekr, the first Qilin adopter.","sources":[{"stance":"confirms","publisher":"E-Mobility Engineering","publisher_en":"E-Mobility Engineering","kind":"news","lang":"en","published_at":"2023-04-17","url":"https://www.emobility-engineering.com/zeekr-becomes-first-ev-maker-to-adopt-catls-qilin-battery/","title":"지커, CATL 치린 배터리 최초 채택 EV 브랜드","title_en":"Zeekr becomes first EV maker to adopt CATL's Qilin battery","excerpt":"Zeekr 001/009 powered by CATL Qilin.","excerpt_en":"Zeekr runs CATL Qilin."}]},{"direction":"revenue","counterparty":"상하이자동차(SAIC)","counterparty_slug":"saic-motor","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"SAIC에 NEV 배터리를 공급·공동생산. SAIC-CATL 리튬이온 배터리·배터리시스템 합작사와 SAIC-GM·SAIC-GM-우링 차원의 협력으로 중국 최대 완성차 그룹을 고객으로 확보.","note_en":"Supplies and co-produces NEV batteries for SAIC. Lithium-ion and battery-system JVs with SAIC plus tie-ups at SAIC-GM and SAIC-GM-Wuling make China's largest automaker a key customer.","sources":[{"stance":"confirms","publisher":"Gasgoo","publisher_en":"Gasgoo","kind":"news","lang":"en","published_at":"2025-06-20","url":"https://autonews.gasgoo.com/articles/ev/70015117","title":"SAIC-GM·CATL, NEV 배터리 연구·개발 전략협력 체결","title_en":"SAIC-GM, CATL sign strategic cooperation agreement to research, develop NEV batteries","excerpt":"SAIC-GM과 CATL이 NEV 배터리 연구·개발 전략협력을 체결.","excerpt_en":"SAIC-GM and CATL signed a strategic cooperation to develop NEV batteries."},{"stance":"confirms","publisher":"상하이자동차(SAIC Motor)","publisher_en":"SAIC Motor","kind":"filing","lang":"en","published_at":"2025-03-15","url":"https://www.saicmotor.com/english/latest_news/saic_motor/49664.shtml","title":"SAIC Motor와 CATL, 배터리 공동 생산 협력","title_en":"SAIC Motor and CATL cooperate to produce batteries","excerpt":"SAIC Motor와 CATL이 배터리 공동 생산을 위해 두 개 합작사(리튬이온·배터리시스템)를 설립.","excerpt_en":"SAIC Motor and CATL set up two JVs (lithium-ion cells and battery systems) to produce batteries."}]},{"direction":"cost","counterparty":"Tinci Materials","counterparty_slug":"tinci","confidence":"mid","metric":{"type":"count","unit":"t","basis":"고체 LiPF6 대응 전해액 장기협의(만료)","value":58600,"period":"2024-06~2025-12(만료·미갱신)","basis_en":"electrolyte per solid LiPF6 (expired)","qualifier":"expired"},"note":"CATL은 톈츠재료에서 전해액을 조달해 왔다. 2024년 6월 협의로 2025년 말까지 고체 LiPF6 58,600톤 대응 전해액(약 50만톤)을 공급받았으나, 이 장기협의는 2025년 12월 31일 만료 후 갱신되지 않았다. CATL은 2026~2028년 전해액 물량을 신주방(30만톤)·영태과기(47만톤)로 이전해 공급선을 재편했다.","note_en":"CATL had sourced electrolyte from Tinci. A June 2024 agreement supplied electrolyte for 58,600t of solid LiPF6 (~500kt) through end-2025, but that long-term deal expired on Dec 31, 2025 without renewal. CATL reshuffled its 2026-2028 electrolyte supply to Shinbang (300kt) and Yongtai (470kt).","sources":[{"stance":"confirms","publisher":"신랑재경","publisher_en":"Sina Finance","kind":"news","lang":"zh","published_at":"2024-06-17","url":"https://finance.sina.com.cn/stock/bxjj/2024-06-17/doc-inayzhac2720115.shtml","title":"天赐材料：与宁德时代签订预计58,600吨电解液产品的物料供货协议","title_en":"Tinci Materials signs a supply agreement with CATL for electrolyte tied to 58,600 tons of LiPF6","excerpt":"닝더카이신이 CATL과 2025년 12월 31일까지 고체 육불화인산리튬 58,600톤에 대응하는 전해액을 공급하는 협의를 체결했다.","excerpt_en":"Ningde Kaixin signed an agreement to supply CATL with electrolyte corresponding to 58,600 tons of solid LiPF6 through December 31, 2025."}]},{"direction":"cost","counterparty":"엔켐","counterparty_slug":"enchem","confidence":"mid","metric":{"type":"amount","unit":"KRW조","as_of":"2025-11-28","basis":"CATL-엔켐 전해액 공급계약(체결 임박)","value":1.5,"period":"5년(2025-11 보도)","basis_en":"CATL-Enchem electrolyte deal (pending)"},"note":"CATL이 엔켐과 5년 약 1.5조원 규모 전해액 공급계약 체결이 임박했다고 2025년 11월 보도됐다.","note_en":"CATL was reported in November 2025 to be close to a five-year, about KRW 1.5tn electrolyte supply deal with Enchem.","sources":[{"stance":"confirms","publisher":"코리아이코노믹데일리","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2025-11-28","url":"https://www.kedglobal.com/batteries/newsView/ked202511280001","title":"Enchem tipped to secure $1 bn electrolyte supply deal with CATL","title_en":"Enchem tipped to secure $1 bn electrolyte supply deal with CATL","excerpt":"CATL이 엔켐과 5년 1.5조원($10억) 전해액 공급계약을 앞두고 있다.","excerpt_en":"CATL is poised to enter a five-year, KRW 1.5tn ($1bn) electrolyte supply contract with Enchem."}]},{"direction":"revenue","counterparty":"UBTech","counterparty_slug":"ubtech","confidence":"mid","metric":null,"note":"휴머노이드용 배터리 공급.","note_en":"Supplies batteries for humanoids.","sources":[{"stance":"confirms","publisher":"NotebookCheck","publisher_en":"NotebookCheck","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://www.notebookcheck.net/CATL-beats-Tesla-to-humanoid-robots-matching-skilled-worker-performance-in-mass-EV-battery-production.1188790.0.html","title":"CATL Moz 휴머노이드 배터리 공장 투입","title_en":"CATL Moz humanoid in battery factories","excerpt":"휴머노이드용 배터리 공급.","excerpt_en":"Supplies batteries for humanoids."}]},{"direction":"cost","counterparty":"BTR New Material","counterparty_slug":"btr-new-material","confidence":"mid","metric":null,"note":"CATL은 세계 1위 음극재 업체 BTR신소재로부터 음극재를 조달한다.","note_en":"CATL sources anode material from BTR New Material, the world's top anode maker.","sources":[{"stance":"confirms","publisher":"BTR신소재","publisher_en":"BTR New Material","kind":"ir","lang":"en","published_at":"2024-08-07","url":"https://www.btrchina.com/en/News/info.aspx?itemid=1243","title":"BTR, 음극재 세계 1위","title_en":"BTR, the world's leading anode materials manufacturer","excerpt":"BTR는 CATL을 포함한 주요 리튬이온전지 업체에 음극재를 공급한다고 밝힌다.","excerpt_en":"BTR states it supplies anode materials to major lithium-ion battery makers including CATL."}]},{"direction":"cost","counterparty":"Yunnan Energy (Enjie)","counterparty_slug":"yunnan-energy","confidence":"mid","metric":null,"note":"CATL은 언제구펀에서 습식 분리막을 조달하며, 샤먼 51:49 합작 분리막 공장의 소수 지분(49%) 파트너다.","note_en":"CATL sources wet-process separators from Enjie and is the 49% minority partner in their Xiamen JV separator plant.","sources":[{"stance":"confirms","publisher":"이차이글로벌","publisher_en":"Yicai Global","kind":"news","lang":"en","published_at":"2022-06-21","url":"https://www.yicaiglobal.com/news/catl-yunnan-energy-jv-to-complete-usd770-million-li-ion-separator-plant-by-next-year","title":"CATL, Yunnan Energy JV to Complete USD770 Million Li-ion Separator Plant by Next Year","title_en":"CATL, Yunnan Energy JV to Complete USD770 Million Li-ion Separator Plant by Next Year","excerpt":"CATL이 49% 지분으로 윈난에너지와 샤먼 습식 분리막 합작공장을 세웠고, 생산분은 주로 CATL의 전기차·ESS 배터리용이라고 보도한다.","excerpt_en":"Reports CATL holds 49% of the Xiamen wet-process separator JV with Yunnan Energy, whose output mainly supplies CATL's EV and ESS battery systems."}]},{"direction":"cost","counterparty":"천보","counterparty_slug":"chunbo","confidence":"mid","metric":null,"note":"CATL은 전해질염·첨가제 공급사 중 하나로 한국 천보로부터 LiPO2F2 등 특수 리튬염을 조달한다.","note_en":"CATL sources specialized lithium salts such as LiPO2F2 from Korea's Chunbo, one of its electrolyte-salt and additive suppliers.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"en","published_at":"2021-01-25","url":"https://www.thelec.net/news/articleView.html?idxno=2238","title":"천보, 전해질 생산 두 배로 확대","title_en":"Chunbo to double electrolyte production","excerpt":"천보는 CATL을 포함한 주요 배터리 업체에 LiPO2F2 등 전해질염을 공급한다.","excerpt_en":"Chunbo supplies LiPO2F2 and other salts to major battery makers including CATL."}]},{"direction":"revenue","counterparty":"현대차·기아","counterparty_slug":"hyundai-motor-company","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"코나·니로(NCM)·레이(LFP) 등 현대차그룹 모델에 배터리 공급.","note_en":"Batteries for Hyundai group models (Kona/Niro NCM, Ray LFP).","sources":[{"stance":"mentions","publisher":"블로터","publisher_en":"Bloter","kind":"news","lang":"ko","published_at":"2024-08-01","url":"https://www.bloter.net/news/articleView.html?idxno=660381","title":"현대차 신형 아이오닉, CATL LFP 탑재","title_en":"Hyundai's new China Ioniq to use CATL LFP batteries","excerpt":"현대차그룹 모델에 CATL NCM·LFP 탑재.","excerpt_en":"CATL NCM/LFP in Hyundai group models."}]},{"direction":"cost","counterparty":"양극재·리튬·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":null,"note":"양극재·리튬·전해질·소재.","note_en":"Cathode, lithium, electrolyte and materials.","sources":[{"stance":"confirms","publisher":"CATL/SZSE","publisher_en":"CATL/SZSE","kind":"filing","lang":"en","published_at":"2026-03-01","url":"https://www.catl.com/en/investor/","title":"CATL 회사·IR(선전거래소 300750)","title_en":"CATL company/IR (SZSE 300750)","excerpt":"양극재·리튬·전해질·소재.","excerpt_en":"Cathode, lithium, electrolyte and materials."}]},{"direction":"cost","counterparty":"제조·증설 (비공개)","counterparty_slug":null,"confidence":"low","metric":null,"note":"셀 제조·기가팩토리 증설.","note_en":"Cell manufacturing and gigafactory capacity.","sources":[{"stance":"confirms","publisher":"CATL/SZSE","publisher_en":"CATL/SZSE","kind":"filing","lang":"en","published_at":"2026-03-01","url":"https://www.catl.com/en/investor/","title":"CATL 회사·IR(선전거래소 300750)","title_en":"CATL company/IR (SZSE 300750)","excerpt":"셀 제조·기가팩토리 증설.","excerpt_en":"Cell manufacturing and gigafactory capacity."}]}]}