In addition to land vehicles and aircraft, CATL is $3750 (+0,54%) is also aiming for a broad application of its battery products in ships.
CATL's marine business already covers inland rivers, lakes and coastal waters and is now targeting applications on the high seas, Su Yiyi, head of the battery giant's marine division, said today.
"In the near future - maybe within the next three years - we will realize all-electric ships on the open sea," Su said during a media conference on electric shipping solutions in Shanghai.
CATL entered the field of ship electrification in 2017 and founded its own subsidiary in November 2022 to provide energy solutions for waterborne transportation systems.
To date, the company says it has supplied batteries for almost 900 ships, giving it a global market share of around 40 percent in this area.
At the end of last month, Autoflight - a Chinese eVTOL (Electric Vertical Takeoff and Landing) startup supported by CATL - unveiled a water vertiport developed jointly with CATL and equipped with battery-powered vessels.
Specifically designed for eVTOL operations, the vertiport uses all-electric power to support eVTOL takeoffs, landings and recharging while enabling data exchange and coordination with aircraft.
On July 25, China's first all-electric tourist ship, the "Yujian 77", which was jointly developed with CATL, began operations.
Equipped with CATL's marine battery system, the commissioning of the ship confirmed the feasibility of all-electric technology in coastal shipping while offering zero-emission, low-noise and high-quality maritime tourism experiences, the company announced at the time.
CATL is the world's largest manufacturer of traction batteries, which are mainly used in electric vehicles (EVs).
Installations of EV batteries totaled 355.2 GWh from January to October, maintaining the company's global leadership position with a market share of 38.1 percent, according to data released by South Korean market research firm SNE Research on December 2.