SHANGHAI – China’s CATL mentioned on Monday its vice chairman and deputy basic supervisor Huang Shilin had resigned and would depart the battery maker to discover enterprise alternatives elsewhere.
The departure of Huang, a billionaire who holds a close to 11% stake in CATL, comes amid a broader reshuffle that can even see Chairman Zeng Yuqun take over the final supervisor position from Zhou Jia, who has been appointed as vice chairman, in accordance with firm filings with the Shenzhen Inventory Trade late on Monday.
Huang will discover enterprise alternatives in sectors together with photo voltaic panels, power storage and battery charging, CATL mentioned in a separate assertion to Reuters.
He'll proceed selling the event of recent power business with potential synergies with CATL sooner or later, it added.
Huang is at the moment ranked 79th in Forbes Fortune Listing with a internet price of greater than $20 billion. His stakeholding is second solely to Zeng, whose internet price stood at $45.6 billion as of Aug. 1, in accordance with Forbes’ calculations.
CATL, whose shoppers embody Tesla Inc and Volkswagen AG, is the world’s largest battery maker.
Trade tracker SNE Analysis says the corporate has a share of greater than 35% of the booming international electrical automobile battery market, which is price tens of billions of dollars a yr.
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