CATL Plans to Issue RMB 5 Billion Green Sci-Tech Bond for Lithium Battery Projects and Supply Chain Payments

On May 27, 2024, Contemporary Amperex Technology Co., Limited (CATL) disclosed the issuance documents for its third tranche of green technology innovation bonds for 2026, planning to issue RMB 5 billion in bonds with a "3+2"-year maturity structure. The proceeds will be used for raw material procurement, equipment maintenance and upgrades, and repayment of supply chain-related bills at its three major lithium battery production bases in Fuding, Jiangsu, and Sichuan. This issuance represents the third tranche under CATL’s previously registered RMB 40 billion green bond quota. As of the end of 2025, CATL’s five core ongoing projects are planned to receive a total investment of RMB 149 billion, with RMB 50.271 billion already invested. Among these, the new energy battery industrial base in Yanzhou, Jining, Shandong Province—a project with a total planned investment of RMB 14 billion—has completed RMB 8.799 billion in investment, achieving a progress rate of 62.9%. Covering approximately 2,000 mu (about 333 acres), the project is being developed in three phases with a total planned capacity of 160 GWh. Phase I commenced production in May 2025, and Phase II’s three production lines were fully operational as of April 2026, delivering 60 GWh of capacity. In addition to the Jining project, other key domestic and international initiatives—including Yichang Brunp, the Indonesia integrated supply chain, Zhongzhou CATL, and the Hungarian base—are advancing in parallel, forming a global manufacturing footprint characterized by “multi-hub synergy within China and strategic breakthroughs overseas.” From 2023 to 2025, the company’s revenue grew from RMB 400.9 billion to RMB 423.7 billion, with net profit reaching RMB 76.786 billion. This financing round will also support the expansion of CATL’s technology and product portfolio—including the Shenxing ultra-fast charging battery, Qilin battery, condensed-state battery, Xiaoyao extended-range hybrid battery, and sodium-ion battery—and accelerate the development of its “ultra-swap integrated” energy replenishment network, strengthening collaboration with automakers and deepening engagement with end users.