CATL Signs Strategic Agreements for Copper Foil Supply Chain
CATL has signed three strategic agreements to secure its copper foil supply chain and expand production capacity. The deals involve new joint ventures and a shift towards collaborative supply chain management.
Chinese battery giant CATL announced on September 6th that it has entered into three strategic agreements aimed at strengthening its copper foil supply chain. These agreements focus on building new production capacity and fostering closer relationships with suppliers.
One agreement establishes a unified management mechanism for procurement and standards with T-Jin New Energy. This collaboration aims to systematically reduce costs and drive technological upgrades in equipment sourcing through standardized, large-scale deliveries.
The other two agreements are with Shenzhen Huike and another partner. CATL and these partners will jointly construct 400,000 tons of new copper foil production capacity over the next three years. A new pricing principle of "cost-plus, reasonable profit, risk sharing" will be implemented, along with mechanisms to lock in long-term supply volumes and processing fees. CATL will provide financial support through advance payments and optimized payment terms.
CATL stated that these signings represent a shift in the lithium battery copper foil industry from traditional transactional purchasing to a new model of joint construction and co-governance. This strategic move is intended to ensure the stable supply of critical materials needed for the company's expanding battery production.
CATL reported strong financial results for the first half of 2026, with total revenue reaching 276.9 billion yuan, a 54.80% increase year-over-year. Net profit attributable to shareholders was 43.3 billion yuan, up 41.98%.