CATL: Net profit in the first half of the year was 8.168 billion yuan

CATL released its report for the first half of 2022 this evening. The revenue in the first half of the year was 112.97 billion yuan, a year-on-year increase of 156.32%; the net profit attributable to listed shareholders in the first half of the year was 8.168 billion yuan, a year-on-year increase of 82.17 %. 

  • In terms of power batteries, the 2.2C fast-charging ternary product was the first in China to be applied in passenger cars, and AB's innovative grouping method was promoted in batches; 
  • In terms of energy storage batteries, EnerC, an outdoor prefabricated cabin system based on long-life cell technology and liquid-cooled CTP electric box technology, delivered more than 4GWh in batches.

The company continues to increase investment in research and development. In the first half of 2022, the investment in research and development expenses reached 5.77 billion yuan, a year-on-year increase of 106.5%. The company released the third-generation CTP-Kirin battery, the system integration reached a new high in the world, the volume utilization rate exceeded 72%, the energy density can reach 255Wh/kg, and can support 1000 kilometers of battery life; through the world's first large-scale battery cooling technology, it can support 5-minute fast hot start and 10-minute fast charge, realizing the comprehensive improvement of battery life, fast charge, safety, life, efficiency, and low-temperature performance.

According to SNE Research, CATL has ranked first in the world in terms of power battery usage for five consecutive years, with a global market share of 34.8% in the first half of 2022, an increase of 6.2 percentage points over the same period last year.



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