Chongqing - Battery giant CATL has recently registered a wholly-owned subsidiary in Chongqing with a registered capital of 100 million RMB (13.8 million USD), according to the Chinese enterprise info platform Qichacha, attracting widespread industry attention.

CATL registered a new company in Chongqing, one of China's largest car production bases. (Photo/CATL)

The information shows that the new company, Sichuan-Chongqing(Chongqing) Contemporary Amperex Technology Limited, is wholly controlled by CATL. Its business scope includes battery manufacturing, battery sales, and production and sales of battery parts.

Industry insiders speculate that the establishment of the new company signals CATL's imminent launch of another project base.

As the world’s leading battery manufacturer, CATL has held the top spot in global power battery shipments for eight years running, commanding a market share of 37.9% in 2024.

Chongqing, one of China’s largest automobile production hubs, is rapidly developing an electric vehicle industry cluster. It is home to renowned automotive brands like Changan, Deepal, and Seres.

In 2024, Chongqing's EV production soared to 953,000 units, marking a 90.5% year-on-year increase. According to government plans, by 2025, EV production and sales in Chongqing will represent over 10% of China's total.

Chongqing is also the economic center of Southwest China, with strong market radiation and resource advantages. Its proximity to Sichuan, Yunnan, and other regions, combined with abundant hydroelectric and lithium resources, ensures a steady supply of raw materials for battery production.

In addition, Chongqing’s superior geographical location and well-developed transportation network, thanks to the Yangtze River waterway and Southwest railways, greatly reduces production and transportation costs while meeting downstream customers' demands for localized lithium battery support and cost reduction.

In the battery industry, Chongqing has already attracted leading battery manufacturers such as CATL, BYD, Rept Battero, Ganfeng Lithium, and Farasis Energy, with a total planned production capacity exceeding 260GWh.