CATL released its 2021 annual report on the evening of 21st April 2022.

  • CATL’s revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion).
  • CATL’s sales to Tesla were RMB13 billion (~USD2 billion), accounting for 10% of CATL’s total revenue in 2021.
  • The gross profit for EV battery, energy storage battery, and battery material are 22%, 28.5%, and 25.1%, respectively.
  • CATL has 170GWh capacity in operation and 140GWh capacity under construction as of 31st December 2021. And the capacity utilization rate was 95% in 2021.


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