Products
Revenue
Net profit
Competitive position
Number 2 for global market share of EV battery manufacturing. Largest lithium-ion battery supplier in China. (H1 2020 â source: Global X ETFs) 1. LG Energy Solution (26.5%) 2. CATL (25.8%) 3. Panasonic (20.6%) 4. Samsung SDI (6.8%) 5. BYD (6.2%)
R&D centers
Four research and development centers: ⢠Ningde, Fujian, China ⢠Liyang, Jiangsu, China ⢠Shanghai, China ⢠Munich, Germany
Production bases
Six production bases: ⢠Ningde, Fujian, China ⢠Xining, Qinghai, China ⢠Liyang, Jiangsu, China ⢠Yibin, Sichuan, China ⢠Zhaoqing, Guangdong, China ⢠Erfurt, Germany
Production capacity
CATLâs current production capacity stands at 109GWh for 2020. Thatâs enough for roughly 1.8 million mid-sized electric vehicles assuming they use a 60kWh battery pack. The company has stated that it intends to ramp up its battery production capacity to around 336 GWh in 2023. This comes in response to rapidly growing EV sales both in China and abroad, with companies such as Tesla urging battery manufacturers to ramp up capacity as much as possible. This capacity growth will be achieved through a number of methods including building a new facility in Zhaoqing, Guangdong with a projected annual capacity of 25GWh. The new factory is expected to cost roughly CNY 12bn. In addition, the company will spend another CNY 12bn to upgrade its existing factory in Yibin. This plant is expected to grow its annual production capacity from 15GWh to around 30GWh further down the line. The company has also suggested opening a second Yibin facility with a similar 30GWh annual capacity target. Chinese local media is estimating that upgrades to CATLâs existing facilitates will account for around 130GWh of its planned increased capacity. Reportedly, those gains break down as a 60GWh increase in its Ningde base, a 40GWh increase in Jiangsu, and a 30GWh jump courtesy of the Yibin facility.