How to dispose of used car lithium batteries?
In terms of overseas markets, Europe is the world's most important place for new energy vehicles. Although the sales volume of new energy vehicles in the first half of 2021 is not as good as that of China, it will surpass China in 2020 and become the world's largest new energy vehicle market. At the same time, with the increasingly fierce competition among domestic battery companies and more and more countries have formulated a timetable for banning the sale of fuel vehicles, going overseas is the only way for Chinese battery companies to develop in the future.
CATL is also advancing in multiple ways in overseas markets. In addition to the above-mentioned development of raw materials and establishing cooperation with foreign companies, it is also deepening its own overseas factories. CATL responded to the "Chinese Entrepreneur" stating, "At present, it has established subsidiaries in Munich, Germany, Paris, Yokohama, Japan, and Detroit, USA. It has also started capacity building in Europe and is building an overseas production base in Germany. The overseas factory is located in Erfurt, Thuringia, Germany. On the other hand, CATL is also investing in overseas recycling bases to accelerate the deployment of battery recycling business. In the future, CATL will comprehensively consider market development trends, customer needs, and local policies. , Logistics conditions and other factors, scientifically plan the global layout, ensure product delivery and supply, and expand overseas markets."
Germany is a key country in Europe for CATL. The company established a wholly-owned subsidiary in Germany in 2014. As early as 2018, CATL announced an investment of 240 million euros to build a plant in Erfurt, Thuringia, Germany. In 2019, it announced an additional no more than 1.8 billion euros. In the future, the CATL batteries produced from here can supply batteries to automobile companies throughout Germany within 4 hours.
In terms of financial data, the performance of CATL's overseas expansion is even more obvious: in 2018, overseas revenue was only 790 million yuan, accounting for 2.7% of total revenue. In 2020, overseas revenue reached 7.91 billion yuan, an increase of 295.3% year-on-year, accounting for revenue. The ratio rose to 15.7%. In the first half of 2021, overseas revenue increased to 10.2 billion yuan, a year-on-year increase of 335%, accounting for 23.1% of the first half of the revenue. At the same time, the gross profit margin of overseas income in 2020 is 32.7%, while the gross profit margin of domestic income in the same period is only 26.8%.
