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CATL shipped 100GWh, power batteries accounted for about 80%.

A few days ago CATL held a 2023 third-quarter results conference call, CATL said, the quarter the company battery shipments of nearly 100GWh, of which power batteries accounted for about 80%, energy storage batteries accounted for about 20%, shipments compared to second quarter of the chain of 25-30%.

In addition, with demand rising year-on-year, NDT’s capacity utilization rate has also risen compared with the first half of the year, coming in at around 70%. The quarter’s year-over-year and quarter-over-quarter performance was broadly in line with the revenue figures, with gross margins reaching 22.42%, the best level for a single quarter this year, according to NDT.

According to the report, NDT’s German plant is already in production, and construction of the first phase of its Hungarian plant has begun. The project is expected to be completed in about 2 years, with a planned capacity of 100GWh.

CATL said in the conference call, the company released the world’s first lithium iron phosphate 4C Shenxing super-charged battery, to achieve ultra-fast charging, long range and high safety at the same time, can realize “charging 10 minutes, a range of 400 kilometers”, will be the end of this year mass production, the first quarter of next year, loaded with cars. At present, a number of customers have expressed the intention to cooperate, Avita, Chery, etc. has officially announced that it will be equipped with a Shenxing super-charging battery.

CATL released on Friday the third quarter of 2023 financial data showing that the company’s Q3 net profit of RMB 10.428 billion, an increase of 10.66% year-on-year; operating income of RMB 105.431 billion, an increase of 8.28% year-on-year.

CATL 2023 first Q3 net profit of RMB 31.145 billion, an increase of 77.05% year-on-year; the first Q3 of the total operating income of RMB 294.68 billion, an increase of 40.1% year-on-year; basic earnings per share of RMB 7.0958, an increase of 70.97% year-on-year.

According to the data of SNE Research, in January-August 2023, CATL continued to be ranked first in the world in terms of global market share of power battery usage, and its overseas share grew steadily, of which the share of Europe reached 34.9%, up 8.1 percentage points year-on-year. This means that the recognition of CATL in the global mainstream automobile enterprises continues to improve, and further breakthroughs in overseas fixed points.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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