{"id":19092,"date":"2026-04-15T21:25:33","date_gmt":"2026-04-15T21:25:33","guid":{"rendered":"https:\/\/jobuzo.com\/en\/chinas-ev-battery-giant-catl-to-set-up-mining-arm-to-secure-supply-chain\/"},"modified":"2026-04-15T21:25:33","modified_gmt":"2026-04-15T21:25:33","slug":"chinas-ev-battery-giant-catl-to-set-up-mining-arm-to-secure-supply-chain","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/chinas-ev-battery-giant-catl-to-set-up-mining-arm-to-secure-supply-chain\/","title":{"rendered":"China\u2019s EV battery giant CATL to set up mining arm to secure supply chain"},"content":{"rendered":"
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Contemporary Amperex Technology Ltd (CATL), China’s electric vehicle (EV) battery king, plans to earmark 30 billion yuan (US$4.4 billion) to establish a subsidiary to manage and expand mining assets, after the global energy shock paved the way for a quicker entry into the world’s automotive and energy storage system (ESS) markets<\/span>.<\/div>\n
The investment arm, in line with CATL’s long-term growth strategy, would integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and safeguard supply of raw materials<\/span> for the company’s core business, according to a filing to the Shenzhen Stock Exchange.<\/div>\n

CATL, based in Ningde, east China’s Fujian province, reported a net profit of 20.74 billion yuan in the three months to March, the company announced on Wednesday. That figure was up 48.5 per cent from the previous quarter and beat a Bloomberg consensus estimate of 17.6 billion yuan.<\/p>\n

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“The battery behemoth has sniffed out huge growth opportunities looming ahead,” said Ding Haifeng, a consultant at Shanghai-based financial­ advisory firm Integrity. “It is making big investments into upstream mining resources to support its potential high growth.”<\/p>\n

ESS comprises batteries alongside battery management, power conversion and control systems that store excess renewable energy, provide backup power during outages, and help stabilise electricity grids<\/span>.<\/div>\n
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CATL’s investment arm will integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and safeguard supply of raw materials. Photo: Reuters<\/figcaption><\/figure>\n<\/div>\n<\/div>\n
The Middle East crisis<\/span> has propelled Brent crude more than 30 per cent higher to hover around US$100, prompting car buyers to shift from petrol vehicles to EVs while renewable energy projects mushroomed worldwide.<\/div>\n
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China’s EV battery giant CATL to set up mining arm to secure supply chain<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Contemporary Amperex Technology Ltd (CATL), China’s electric vehicle (EV) battery king, plans to earmark 30 billion yuan (US$4.4 billion) to establish a subsidiary to manage and expand mining assets, after the global energy shock paved the way for a quicker entry into the world’s automotive and energy storage system (ESS) markets. The investment arm, in…<\/p>\n

Read More “China\u2019s EV battery giant CATL to set up mining arm to secure supply chain”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":19093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/19092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=19092"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/19092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/19093"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=19092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=19092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=19092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}