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Speaking of CATL New Energy Technology Co., Ltd. (hereinafter referred to as CATL), it is now the leading company in the domestic power lithium battery industry. Can you understand that this is just a start-up company established at the end of 2012? Also, can you understand who supported this startup company's market valuation soaring over 84 billion yuan all the way?

CATL was registered in 2011. Due to the hesitation of its parent company, New Energy Technology Co., Ltd. (hereinafter referred to as ATL) in investing in power lithium batteries, at the end of 2012, some of ATL's management combined with national capital to establish CATL. In the same year, BMW Brilliance and CATL decided to collaborate on the high-voltage battery project of the new energy vehicle brand and product Nuo 1E planned by BMW Brilliance, which officially led CATL to enter the field of power batteries.

BMW first discovered that ATL is the world's largest battery supplier for Apple's mobile phone batteries, indicating that its individual battery cells are very stable. We partnered with ATL, but ATL does not produce power lithium batteries. Therefore, many entrepreneurial shareholders such as Zeng Yuqun and Huang Shilin came out to create CATL. Dr. Wei Lande, President and CEO of BMW Brilliance, told Securities Daily that BMW Brilliance was proud to have helped CATL become the leading supplier of high-voltage lithium-ion batteries for automobiles in the early days.

BMW Brilliance, rooted in the Chinese market, not only helped Chinese parts companies grow into suppliers, but also built the BMW Group's largest research and development base outside of Germany in Shenyang, China.

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