However, the gross profit margin of the energy storage system was only18.37%, down 2.86% year-on-year, and was significantly lower than the gross profit margin of the company’s main business, photovoltaic inverters, which lowered the company’s overall profitability.
The gross profit margin of CATL''s energy storage business in the first half of the year was 28.87%! - EnergyTrend The gross profit margin of CATL''s energy storage business in the first half of the year was 28.87%! TrendForce has learned that on July 26, CATL released its financial results for the first half of 2024.
On August 23,CATL, ranks first in top 10 lithium ion battery manufacturers, released its report for the first half of 2022. The energy storage system business achieved sales revenue of over 12.7 billion RMB, a year-on-year increase of 171.41%.
According to the report, CATL''s energy storage revenue in the first half of 2024 will be 28.825 billion yuan, a year-on-year increase of 3%. From the perspective of gross profit margin, the gross profit margin of the energy storage business was 28.87%, which was the highest among the four main businesses of CATL.
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In today''s dynamic energy landscape, harnessing sustainable power sources has become more critical than ever. Among the innovative solutions paving the way forward, solar …
Latest developments in solar power technology, energy storage advancements, photovoltaic products, and industry insights from our team of renewable energy experts.
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