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Another 13 billion yuan was invested to expand production capacity, and the new production base of CATL landed in Luoyang

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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On the evening of September 28, CATL issued an announcement that the company plans to invest in the construction of Luoyang new energy battery production base project in Yibin District, Luoyang City, Henan Province, with a total investment of no more than RMB 14 billion
.

It is reported that the new energy battery production base, involving the new energy power battery system and energy storage system production line, according to the investment cost of 350 million yuan / GWh, the production capacity of the base is about 40GWh
.

From the perspective of the pace of production, it is expected to take no more than 36 months
from the start of construction.
This means that the production capacity of more than 40 GWh is expected to be fully put into operation
around the end of 2025.

With China's vigorous cultivation of the new energy vehicle market for more than ten years, it has finally been able to grow rapidly in
recent years.
According to data from the Ministry of Public Security, as of the end of June this year, the number of new energy vehicles in China has exceeded 10 million
.

According to data from the China Association of Automobile Manufacturers, China's new energy vehicle production and sales in August this year broke through 600,000 units for the first time, with a market share of 28%, a record high
.

Based on this, many experts, scholars and business leaders believe that China will have a high probability of completing the medium and long-term goal of "new energy new vehicle sales penetration rate of 20%" three years ahead of schedule, and imagine the future, and even hope that this penetration rate will even exceed half
by 2025.

Driven by this, the rapid development of the new energy industry at home and abroad, the market of power battery and energy storage industry continues to grow, and the era of global lithium battery demand "TWh" is accelerating
.

CATL said that in order to seize the historical opportunity of the rapid development of the new energy industry, meet the needs of the company's future business development and market expansion, and ensure the timely performance and delivery of customer orders, the company plans to build production capacity accordingly and further improve the layout
of production bases.

According to incomplete statistics of Gascar Automobile, as of September 28, 2022, CATL has 13 wholly-owned production bases, including Ningde (Hudong/Huxi/Cheliwan/Fuding), Liyang in Jiangsu, Yibin in Sichuan, Xining in Qinghai, Zhaoqing in Guangdong, Yichun in Jiangxi, Lingang in Shanghai, Xiamen in Fujian, Guian in Guizhou, Jining in Shandong, Luoyang in Henan, Germany and Hungary, with a total planned production capacity of more than 700GWh
.

In addition, CATL also has a total planned production capacity of more than 100GWh
in joint venture factories with major OEMs.
This means that CATL's long-term planned capacity of nearly 500GWh is expected to be fully released around 2023 and will reach nearly 700GWh
by the end of 2025.

It is not only the Ningde era that accelerates the expansion of production, the expansion of power batteries has entered the fast lane, and domestic and foreign head battery companies have all expanded production by hundreds of GWh since 2021
.

Among them, Hive Energy threatened to occupy 25% of the global market share at the end of 2021, and according to the 75% capacity utilization rate, it will challenge the global capacity target
of 600GWh in 2025.

Also committed to achieving the 600GWh expansion target by 2025 is BYD Verdi Battery
.

Others, such as AVIC lithium batteries, are planning to achieve 500GWh of production capacity in 2025; EVE will build 200GWh of production capacity in 2023; Guoxuan Hi-Tech has a planned production capacity of 300GWh in 2025; Lishen battery production capacity planning by 2025 100GWh; Funeng Technology also announced its own 100GWh capacity plan.
.
.

So far, according to incomplete statistics of Gascar Automobile, by 2025, the planned production capacity of China's local lithium battery enterprises has exceeded 3TWh
.

Coupled with foreign capital such as Panasonic, Samsung, LG and Northvolt, the total supply capacity of the global region in the future cannot be
underestimated.

According to data released by SNE Research, a South Korean market research institution, global installed capacity of electric vehicle batteries reached 39.
7 GWh in July 2022, a year-on-year increase of 82.
6%, maintaining stable growth
for 25 consecutive months.

Among them, CATL still leads the list, with monthly installed capacity rising 94.
8% year-on-year to 13.
3 GWh, accounting for about one-third of the global electric vehicle battery market share, ranking first in the cumulative installed capacity of global power batteries, far exceeding the second place
.

Original: Invested another 13 billion yuan to expand production capacity, and the new production base of CATL landed in Luoyang

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