CATL breaks ground on its German factory, and domestic lithium-powered batteries will go global

CATL's first overseas factory in Thuringia, Germany, has officially broken ground, marking a major step forward in CATL's global strategic layout while also filling the gap in lithium-ion power battery manufacturing for Germany.

According to the plan, the construction area of ​​CATL's European factory is 23 hectares. The production line includes battery cells and module products. It is expected to achieve a battery production capacity of 14GWh in 2022.

Different from the past product-level cooperation, the establishment of this European factory will realize the deep integration of CATL's technological advantages and Germany's automotive culture. In the future, CATL's response time for serving European customers will be greatly shortened, and the local production of products will significantly improve supply efficiency.

In China, CATL's industrial layout is also accelerating. On September 26, CATL announced that it plans to build a power battery manufacturing base in Yibin, Sichuan, with a total investment of no more than 10 billion yuan. The construction of the Yibin factory will further improve CATL's domestic production capacity layout and lay the foundation for CATL to gain a foothold in the new energy vehicle market in western China.

According to the financial report, in the first half of 2019, CATL achieved a total revenue of 20.26 billion yuan, a year-on-year increase of 116%. The company's net profit attributable to shareholders in the first half of the year was 2.004 billion to 2.277 billion, a year-on-year increase of 120% to 150%; the net profit attributable to shareholders after deducting non-recurring items in the first half of the year was 1.743 billion to 1.952 billion, a year-on-year increase of 150% to 180%.

According to the 2019 third quarter performance forecast released by CATL recently, the company achieved a net profit of 3.092-3.568 billion yuan in the first three quarters of this year, a year-on-year increase of 30%-50%, and a non-net profit of 2.779-3.176 billion yuan, a year-on-year increase of 40%-60%. Among them, the net profit in the third quarter alone was 1.174-1.468 billion yuan, a year-on-year decrease of 0%-20%, and the non-net profit was 1.03-1.288 billion yuan, a year-on-year decrease of 0%-20%.