Revenue From CATL’s Power Battery Systems Up 132% in 2021
On Thursday, Chinese battery giant CATL released its 2021 annual report. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The firm’s net profit was 15.931 billion yuan, a year-on-year increase of 185.34%.
Sales of power battery systems represented the main source of income…