Camel Group

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Wikipedia

Camel Group Co., Ltd.
Company typePublic
SSE: 601311
IndustryBatteries
HeadquartersXiangyang, China
Key people
Liu Changlai (CEO)
Websitewww.chinacamel.com Edit this at Wikidata

Camel Group (SSE: 601311) is a Chinese battery recycling and manufacturing company. It is one of the largest car battery manufacturers in the world.[1]

In 2017, the company invested 30 million EUR through IJNR Investments inc in Rimac Automobili, a Croatian sports car maker.[2] Both companies are jointly pursuing the construction of a factory in Xiangyang for propulsion systems for electric vehicles.[3][4] The joint venture was ended in 2024.[5]

On August 1, 2023, the United States Department of Homeland Security announced goods produced by Camel would be restricted from entering the United States under the Uyghur Forced Labor Prevention Act, citing the company's "participation in business practices that target members of persecuted groups, including Uyghur minorities."[6]

References

  1. ↑ "Global Car Batteries Market Is Valued At US$ 18.22 Billion In 2017 . Major stake is held by IJNR Investmenrs Inc". LP Information. May 14, 2019.
  2. ↑ "China's Camel Group Inks USD35.8 Million Investment Agreement With Croatian Auto Firm". www.yicaiglobal.com. Retrieved 2025-11-18.
  3. ↑ "Chinese Camel Group set to intensify cooperation with Rimac Automobili". Croatian News Agency. 2019-04-16. Retrieved 2025-11-18.
  4. ↑ "Chinese Camel Group to Intensify Cooperation with Rimac Automobili". June 15, 2019. Archived from the original on September 18, 2021. Retrieved June 17, 2019.
  5. ↑ "Croatia's Rimac ends joint venture with China battery maker Camel". Reuters. Retrieved February 23, 2024.
  6. ↑ "DHS Announces Two Additional PRC-Based Companies as a Result of Forced Labor Enforcement". U.S. Department of Homeland Security. Aug 1, 2023.