CATL responded to more than 80 billion yuan in three years of financing: the new production capacity is reasonable

As the world's largest power battery manufacturer, CATL has a market value of more than one trillion yuan and strong cash flow. However, as the saying goes, some people have previously questioned that the Ningde era has raised more than 80 billion yuan in the three years of listing in the case of not bad money on the books, which has also attracted the attention of the Shenzhen Stock Exchange, which at the same time sent a letter to the Ningde times to inquire. On January 17, CATL replied to the Shenzhen Stock Exchange that the scale of the company's new production capacity is reasonable.

Ningde era

CATL said that the company's lithium-ion battery production capacity from January to September 2021 is 106.41GWh, and the lithium-ion battery production line that the company has built and put into operation will reach a total of 220GWh to 240GWh after completing the ramp-up of production capacity and running stably, and the total design annual production capacity will reach 220GWh to 240GWh. According to the above assumptions, from the perspective of future capacity demand and the company's existing capacity, the company's capacity gap in 2025 is not less than 430GWh. The company's new lithium-ion battery annual production capacity is about 135GWh, which is in line with the company's business development needs.

According to the above calculations, after considering the new production capacity of the investment project, the company still has a capacity gap of 295GWh, assuming that according to the more cautious investment intensity of 300 million yuan / GWh, the corresponding investment scale is expected to be about 88.5 billion yuan. Combined with the future market demand, the company's market position and existing production capacity, the company's new production capacity is reasonable.