CATL subsidiary secures $131m Indonesian battery plant equipment deal
Contemporary Amperex Technology (CATL) announced that its wholly-owned subsidiary, Hong Kong Contemporary Amperex Technology, and its subsidiary, PT Contemporary Amperex Technology Indonesia (CATI), will provide equipment and services to PT Contemporary Amperex Technology Indonesia Battery (CATIB) for an Indonesian battery factory. The total transaction value is $131,066,299.73. This move aligns with CATL’s strategy to leverage its supply chain advantages and enhance market competitiveness.
The procurement agreement details CATIB's acquisition of battery production equipment and related on-site services from Hong Kong Contemporary Amperex Technology and CATI. The board, excluding chairman Zeng Yuqun due to a conflict of interest, approved the deal, highlighting its fairness and benefit to shareholders.
Separately, CATL also released its Q3 2025 financial report, showing a 9.28% increase in revenue to RMB 283,071,987,000 and a 36.20% increase in net profit attributable to shareholders to RMB 49,034,109,000. Additionally, the company announced the cancellation of 46,294 restricted shares from its 2021 incentive plan due to employee departures or performance issues and the write-off of 111,405 stock options.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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