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.
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.
Although academic analysis finds that business models for energy storage are largely unprofitable, annual deployment of storage capacity is globally on the rise (IEA, 2020). One reason may be generous subsidy support and non-financial drivers like a first-mover advantage (Wood Mackenzie, 2019).
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. CATL said it is steadily advancing the construction of battery production capacity to meet global customer order delivery needs.
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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 …
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