CATL is the world’s largest battery manufacturer and they started production on Dec 22, 2021 at their largest factory. The factory is in Ningde city, Fujian Province. The manufacturing facility will eventually have an annual production capacity of 120 GWh. The first phase which just started has a capacity of 60 GWh per year.
This battery factory alone has a planned capacity almost equal to the total installed capacity of all battery cell manufacturers in China in the first eleven months of 2021 – which was 128.3 GWh. According to current battery prices, 120 GWh would have a production value of over 100 billion yuan, or just under 14 billion euros.
In 2020, CATL shipped batteries with a total capacity of 51.7 GWh. CATL has boosted its planned battery capacity, including capacity under production and to be built, to over 300 GWh.
In June, 2021, CATL announced an 80 GWh battery plant in Shanghai. Later in the same month, Tesla signed a new supply deal with CATL that would run from January 2022 to December 2025. Tesla had ordered 45 GWh of CATL’s LFP batteries.
CATL’s new battery plant is ramping-up production and has already achieved 60% of its undisclosed target capacity. The new production site is an adapted plant located just 3 km from Tesla’s Giga Shanghai.
45 GWh per year of batteries would be well over double the 16.1 GWh Tesla China used Jan-Nov 2021. Tesla China likely used 19-20 GWh of batteries in 2021.
Unnamed #CATL source: Shanghai plant started supplying Tesla GF3 in Nov, the plant currently at 60% utilization, #battery maker was able to save 7-8 months of construction as it found plant that meets all of its standards.
(SHANGHAI OBSERVER)
Earlier rumors: Plant capacity 80GWh pic.twitter.com/W6o8ccPZzG— Moneyball (@DKurac) January 9, 2022
Tesla started receiving CATL batteries from a new facility near Giga Shanghai in November 2021, when it became known about the expansion of the production capacity of Tesla’s factory & investment of $188M #Tesla #GigaShanghai #CATL https://t.co/pKS2sDcAr8
— Eva Fox
(@EvaFoxU) January 7, 2022
#China #NEV #battery Jan-Nov installed capacity – Top 20 clients (GWh)
#BYD Tesla #JAC (+NIO)
汽车电子设计 blog pic.twitter.com/VxzJpmAjRk— Moneyball (@DKurac) January 4, 2022
#BYD #NEV+#BESS #battery Dec installed capacity: 5.049GWh.
2021: 37.921GWh
(BYD via HKEX) https://t.co/EzAb31I7YE— Moneyball (@DKurac) January 3, 2022
Only about one third of China’s EV are larger pure EVs that compete with Tesla cars.
#China #NEV 2022 sales estimate:>5M units.#A00 #EV:>1.5M
A-size & larger #EV: 1.5M
2B market: 300K-400K#PHEV:>1.2M#NEV CV: 300K-400K
(CADCC) https://t.co/hfHJUhBBgZ— Moneyball (@DKurac) December 22, 2021
#China #NEV #battery Nov installed capacity#LFP: 11.573GWh,
145.3% YoY#Ternary: 9.235GWh, 57.7% YoY#LMO: 14.9MWh, 61,4% YoY
(CABIA) https://t.co/ID5YOlsdY1 pic.twitter.com/hbdg5Btgr7— Moneyball (@DKurac) December 13, 2021
#China PV Nov retail sales – Vehicle size & type
A-size SUV: 26.7% A-size sedan: 25.3% B-size sedan: 11.9%#NEV #A00 #EV sedan: 26.5% A-size #EV sedan: 13.7% B-size #EV SUV: 11.1%
(CPCA) https://t.co/cCMQ3fR2Vr pic.twitter.com/3FyCI8WI6o— Moneyball (@DKurac) December 21, 2021
#China #auto Nov retail sales – Price
>¥ 300K SUV: 6.5%
(CPCA) pic.twitter.com/juY5IXLPol— Moneyball (@DKurac) December 21, 2021
SOURCES – DKurac Twitter, CATL, Reuters, Electrive
Written by Brian Wang, NExtbigfuture.com (Brian has shares of Tesla)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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