CATL: As of the end of 2025, the company's under-construction capacity is 321 GWh. The overall under-construction capacity is expected to slightly expand in 2026.

NightAirdropper · 2026-03-10T02:12:31+00:00

CATL stated during its investor relations activities that it plans to achieve 321GWh of capacity by 2025 and expects to add new capacity in 2026. Overseas project investments are significantly affected by local policies and costs, with overall investment intensity higher than domestically. Solid-state battery research and development has been ongoing for ten years, but engineering challenges still need to be addressed, and commercialization will take more time.

NightAirdropper

2026-03-10 02:12:31

Abstract generation in progress

On March 10th, CATL (300750.SZ) released an investor relations activity record showing that in terms of capital expenditure planning, by the end of 2025, the company’s under-construction capacity will be 321 GWh. As new capacity collaborations in 2026 are gradually implemented, the overall under-construction capacity will slightly expand. The company’s new capacity is based on in-depth market analysis and high-confidence order intentions, ensuring that annual capacity utilization remains at a reasonable level.

Regarding overseas project investment intensity, the company pointed out that due to differences in land, construction costs, and policies across countries, the unit investment intensity of overseas capacity varies regionally and is generally higher than domestically. In the future, the company will rely fully on its global supply chain and operational experience to continuously control and optimize overseas project investment costs.

For solid-state battery progress, the company stated that it has over ten years of R&D experience in the field. It has established a leading R&D team in the industry. Some engineering issues with solid-state batteries still need to be resolved, and industrialization and commercialization will take some more time.

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