L R AS Published on Monday 1 May 2023 - n° 443 - Categories:lithium batteries, company results
CATL in Q1: strong growth and good profitability
In thefirst quarter, CATL, the world's leading battery manufacturer, increased its turnover by 83% to RMB 8.9 billion. This corresponds to sales of
70 GWh during the quarter. Gross margin was 21.3%. Its net profit jumped 558% in one year.
At the Shanghai Auto Show, CATL presented its "condensed matter battery". This technology provides sufficient energy density to power civil aircraft. The automotive-grade condensed matter battery is expected to be ready for mass production later this year.
CATL expects the energy storage market to grow faster than the electric vehicle market
https://www.energytrend.com/news/20230428-31924.html
EnergyTrend of 28 April 2023
Editor's note: The statement that the energy storage market will grow faster than the electric vehicle market is surprising because one imagines a flood of electric cars, especially if regulations ban combustion vehicles. Does this mean that decentralised energy production will become so widespread that batteries will be needed to store it? Does this mean that the production of electric vehicles will not be as successful as it is made out to be?
