On the evening of August 12, CATL issued a series of announcements including the "Preplan for Issuing Shares to Specific Objects". According to the announcement, CATL will determine the number of shares to be issued to specific targets based on the total amount of funds raised divided by the issue price, and at the same time, it will not exceed 10% of the company's total share capital before the issuance, that is, not more than 232,900,780 shares (including the amount), and The number of registrations approved by the China Securities Regulatory Commission shall prevail. The total amount of funds raised from the issuance of shares does not exceed RMB58.2 million (including the amount). After deducting the issuance expenses, it is planned to be used for all projects such as battery production, advanced technology research, development and application, and to supplement working capital.
This fundraising is used to expand the power and energy storage battery production capacity to 137GWh. It is expected that CATL's production capacity is expected to exceed 200/600GWh by the end of 2022, and promote the industry to accelerate into the "TWh" era. The supply chain of related lithium battery equipment and lithium battery materials is expected to benefit. In addition, CATL has increased investment in energy storage capacity and technology. As an industry leader, the company is expected to promote the development of the energy storage industry through innovation, and the progress has exceeded expectations.