China's CATL Reshuffles Management As Billionaire Executive Exits
China's CATL said its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere.
The departure of Huang, a billionaire who holds a near 11% stake in CATL, comes amid a broader reshuffle that will also see Chairman Zeng Yuqun take over the general manager role from Zhou Jia, who has been appointed as vice chairman, according to company filings with the Shenzhen Stock Exchange late on Monday.
Huang will explore business opportunities in sectors including solar panels, energy storage and battery charging, CATL said in a separate statement to Reuters.
He will continue promoting the development of new energy industry with potential synergies with CATL in the future, it added.
Huang is currently ranked 79th in Forbes Fortune List with a net worth of more than $20 billion. His stakeholding is second only to Zeng, whose net worth stood at $45.6 billion as of Aug. 1, according to Forbes' calculations.
CATL, whose clients include Tesla Inc and Volkswagen AG, is the world's largest battery maker.
Industry tracker SNE Research says the company has a share of more than 35% of the booming global electric vehicle battery market, which is worth tens of billions of dollars a year.
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Jul 3, 2026Yamaha R2 India Launch Expected in August 2026Like the Yamaha R15, the new R2 will be developed and manufactured in India and is expected to be powered by a 200 cc single-cylinder engine.1 min read
Carandbike Team | Jul 3, 2026Tata Sierra ICE vs EV: What Are The Differences & Similarities?If you are looking to compare the Tata Sierra ICE and the newly launched Sierra EV in terms of design, features, powertrains, safety, pricing and key differences, look no further, as here’s everything you need to know about the two.1 min read
car&bike Team | Jul 3, 2026Renault Kwid Prices Slashed: Fully-Loaded Climber MT Now Costs Rs 5 LakhRenault has updated the Kwid with a simpler two-variant line-up, revised prices and subtle styling tweaks.1 min read
Amaan Ahmed | Jul 3, 2026Keeway Hypevolt-R Launched In India At Rs 1.99 Lakh: 5 kWh Battery, 14-Inch Wheels, ABS And MoreKeeway's first electric scooter for India also packs a rear camera and blind spot detection; undercuts the TVS X and is priced nearly on par with Ather's 450 Apex.2 mins read
car&bike Team | Jul 2, 2026Maruti Suzuki Inaugurates New Kharkhoda Plant; Production Capacity To Reach 10 Lakh Cars A YearMaruti Suzuki has inaugurated its new Kharkhoda manufacturing facility in Haryana, which starts with an annual capacity of 5 lakh vehicles and is spread across 800 acres.1 min read
car&bike Team | Jul 2, 2026Yezdi Scrambler To Be Available On Amazon From July 4The Yezdi Scrambler will go on sale on Amazon as part of the e-commerce giant's Prime Day 2026.2 mins read
Seshan Vijayraghvan | Jun 29, 2026Renault Kiger vs Toyota Urban Cruiser Taisor: Which Underdog Deserves Your Money?Both the Kiger and the Taisor promise strong performance, solid features, comfortable cabins and everyday usability, all without breaking the bank. But which of these underrated subcompact SUVs deserves your money? Let's find out.1 min read
Seshan Vijayraghvan | Jun 29, 2026Skoda Kodiaq RS Review: The Best Kodiaq Yet?The Skoda Kodiaq RS is finally here, and it's every bit as exciting as I expected. But was it worth the wait?7 mins read
Bilal Firfiray | Jun 28, 2026BMW X6 M60i Review: It’s Back And HOW!The BMW X6 M60i blends a 530bhp twin-turbo V8, with its unmistakable coupe-SUV styling. There’s plenty of character, but is it worth your money?6 mins read
Janak Sorap | Jun 25, 2026350cc Bajaj Dominar 400 Review: Same Character, Lower PriceA slightly lower displacement engine, a significantly lower price tag and nearly the same performance — the Bajaj Dominar 400 aims to be smarter rather than faster.6 mins read
Preetam Bora | Jun 25, 20262026 Bajaj Pulsar NS400Z First Ride Review: Smaller Engine, But Should You Buy It?The Bajaj Pulsar NS400Z won our Two-Wheeler Upgrade of the Year. Then new tax slabs happened. Smaller engine, same badge – but does it still deliver?6 mins read