Catl energy storage turnover

How much money does CATL make from energy storage?

Annual revenue from the energy storage business was CNY45 billion, an increase of 230 percent from 2021. CATL’s share of the global market jumped 5.1 percentage points to 43.4 percent in the period, according to SNE Research data.

Is CATL a leader in the power battery market in 2022?

CATL had a 37 percent share of the global power battery market in 2022, up 4 percentage points from 2021, retaining the top spot for the sixth consecutive year, according to SNE Research. Annual revenue from the energy storage business was CNY45 billion, an increase of 230 percent from 2021.

How did CATL perform in 2023?

On July 25, CATL released its 2023 semiannual report, reaffirming the accomplishments of its energy storage business. The revenue of 27.985 billion yuan for the first half of 2023 marked a substantial 120% year-on-year growth.

How did China's energy storage battery business perform in 2023?

The revenue of 27.985 billion yuan for the first half of 2023 marked a substantial 120% year-on-year growth. Notably, the company’s energy storage battery sales during this period amounted to almost 35GWh, reflecting an impressive year-on-year growth rate of nearly 140%.

How did CATL perform in 2022?

CATL [SHE: 300750] finished 2.2 percent higher at CNY405.79 (USD58.33) a share, after gaining by as much as 3.3 percent earlier today. Net profit jumped 93 percent to CNY30.7 billion (USD4.4 billion) in 2022 from the year before, the Ningde-based company’s earnings report showed yesterday.

How did CATL perform in Q4?

CATL’s share of the global market jumped 5.1 percentage points to 43.4 percent in the period, according to SNE Research data. In the fourth quarter, CATL’s net profit growth slowed, climbing 61 percent to CNY13.1 billion from a year ago, versus increases of 131 percent and 164 percent in the third and second quarters.