Sources say Tesla plans to open a new battery factory in Nevada, equipped with CATL equipment

According to Bloomberg, Tesla plans to use idle equipment from CATL to open a small factory in Nevada to expand the scale of its battery production project. According to people familiar with the matter, Tesla is working to increase the production of MEGAPACK batteries.

According to reports, Tesla plans to purchase some equipment from CATL and install it in Sparks. Tesla stated that they will fully own and control the factory and bear all construction costs. CATL employees will only assist in equipment debugging and will not participate in other work.

Photo source Pexels

CATL began supplying power batteries to Tesla in July 2020. In 2021, Tesla became CATL's largest customer, purchasing lithium batteries worth 13 billion yuan, accounting for 10% of CATL's total revenue.

According to CATL’s 2022 annual report, Tesla has become its largest customer for two consecutive years. In 2022, Tesla contributed 38 billion yuan to CATL’s lithium battery sales, accounting for 11.59% of total revenue.

CATL’s 2023 annual performance forecast shows that the net profit in 2023 is expected to be 42.5 billion yuan-45.5 billion yuan, a year-on-year increase of 38.31%-48.07%.

Tesla’s fourth-quarter revenue was US$25.17 billion, earnings per share were US$0.71, and gross profit margin was 17.6%. Free cash flow was $2.06 billion. Net profit attributable to ordinary shareholders was US$7.928 billion, a year-on-year increase of 115%. Not according to U.S. GAAP, net profit attributable to common shareholders was US$2.485 billion, a year-on-year decrease of 39%.

According to our observation, Tesla’s delivery volume in 2023 reached 1.808 million vehicles, a year-on-year increase of 38%. It is particularly worth mentioning that the delivery volume in the fourth quarter hit a record of 484,500 vehicles. This means Tesla's annualized delivery growth over the past five years has reached 127%.

Tesla performed strongly in its energy storage business in 2023, with total installed capacity reaching 14.7 GWh for the year, a year-on-year increase of 125%. The performance nearly quadrupled profits in the energy generation and storage business. Tesla expects energy storage installed capacity to continue to grow in the next year, providing good impetus for the company's performance growth.

The above is the detailed content of Sources say Tesla plans to open a new battery factory in Nevada, equipped with CATL equipment. For more information, please follow other related articles on the PHP Chinese website!