On February 27, CATL issued an announcement stating that the company planned to non-publicly issue shares to no more than 35 specific targets.

Approximately 20 billion yuan will be raised for the construction, research and development of power battery and energy storage battery projects and for supplementing working capital to increase profit margins and stabilize market position.

According to the "Non-Public Issuance of Stock Plan" announcement issued by CATL, the planned expansion of the "CATL Huxi Lithium-ion Battery Project" will add an annual production capacity of approximately 16GWh of lithium-ion batteries, with a project investment of 4.624 billion yuan.

"Jiangsu Times Power and Energy Storage Lithium-ion Battery R&D and Production Project (Phase III)" will add an annual lithium-ion battery production capacity of approximately 24GWh, with a project investment of 7.4 billion yuan.

The "Sichuan Times Power Battery Project Phase I" project has an investment of RMB 4 billion, and the construction content is to increase the annual production capacity of lithium-ion batteries by approximately 12GWh.

In addition to the above-mentioned fundraising announcement, CATL also issued another important announcement.

With the rapid development of new energy vehicle markets at home and abroad and the gradual maturity of energy storage application scenarios, the market for power and energy storage battery industries will continue to grow. In order to further promote the company's production capacity layout and consolidate its market position, the company plans to invest in the construction of Ningde Che Wan

The total investment for the lithium-ion battery production base project shall not exceed RMB 10 billion.

CATL pointed out in the announcement that my country's new energy vehicle industry has huge market potential, which will inevitably drive rapid growth in demand for power batteries.

The strong demand in the new energy vehicle terminal market will drive the rapid development of the power battery industry, and the power battery industry is also facing unprecedented development opportunities.

The competitive landscape of the power battery industry is becoming increasingly clear, with rising subsidy thresholds accelerating industry consolidation, and the global competitiveness of leading Chinese companies with core advantages continuing to increase.

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.