CATL to establish wholly-owned subsidiary for new energy mineral resources
2026-04-16 13:43:20 [Print]
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.
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.
Lithium Metal 99.9%min Delivered China
Unit:RMB/mt
China lithium cobaltate producers' sales to production ratio statistics by province by month
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