Results in 2022

In March, 2023, CATL shared its financial results in 2022. CATL is a Chinese battery manufacturer and technology company. Its sales revenue in 2022 is 328.5 billion RMB (about 47.3 billion USD). This number is more than two times it in 2021. Furthermore, its profits in 2022 were 30.7 billion RMB (about 4.4 billion USD). This number is almost two times of the last year’s number.

The company is manufacturing batteries for automotive companies that produce and deliver Electric Vehicles (EVs). Its clients are Tesla, BMW, SAIC Motor and Honda. When we see even this clients list, the company is covering global area. Tesla is an American, BMW is a German, SAIC Motor is a Chinese and Honda is Japanese company, respectively.

CATL produced 191 GWh of the global 516 GWh in 2022, up 90% year on year. Its market share in 2022 was 37%. Therefore, CATL is the leading company of the market, and the market itself is growing rapidly.

If we find a negative point of its results in 2022, its profit margin was decreased from 22% to 17.8%. This was because of the increase of raw materials’ price like lithium. Electrification is one of the most important and biggest topics in the automotive industry. It means that batteries for EVs are very important as well. The market, companies and countries understand this and think CATL as one of the most influential companies in the world.

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